Market Dynamics
The price is trading around $112,950, with a daily growth of ≈ 1.17%, the maximum mark is $113,419, the minimum is $110,924.
The overall market sentiment is bullish:
Bitcoin found support around $110K after a correction from the historical maximum ($124K), which is facilitated by the expectation of easing the Fed’s interest rate policy.
Analysts note important support at the level of $109K – a break below could trigger a short-term correction.
Investment flow remains positive: in August alone, $260 million inflow was recorded into the Bitcoin ETF; the presidential decree increases institutional interest in the asset.
Support and Resistance Levels
Level Value / Comment
Support $110K-$109K — critical zone to maintain bullish balance
Resistance $113K-$114K (current area), then $120K-$124K (breakout will open the way to growth)
