Psychological war around Bitcoin intensifies between bullish investors and lowering

This August 30, Bitcoin fell under $ 110,000, confirming persistent selling pressure. Technical indicators highlight a marked downward trend, while the market hesitates to find a balance. Between a critical support at $ 107,000 and a solid resistance to $ 114,000, the next break could guide the trajectory of the next few weeks. In an uncertain economic context, tension rises among investors, shared between the fear of a new fall and the expectation of a reversal.

Technical domination of sellers

While a major liquid actor its bitcoins to bet on Ethereum, the main crypto started the day of August 30 under palpable tension. On the side of $ 108,526, it has evolved in a critical area, with a capitalization at 2.16 trillions of dollars and a volume of 47.69 billion over 24 hours.

Bitcoin remains securely under lowering control, a trend confirmed by all the time units observed: daily, 4 hours, and 1 hour. The sellers dictate the tempo, as evidenced by peaks in volume during the drop phases, and the incapacity of buyers to support the rebounds.

In the short term, the $ 107,000 threshold acts as a line of survival, while the $ 114,000 area marks a resistance that the market fails to win back.

The technical indicators and the configuration of the graphics confirm this downward reading. Here is The most important elements ::

• A clear downward trend on daily graphics and 4 a.m.: Low low and higher decreasing succession, last local peak at $ 124,500, recent floor at $ 107,400;

• A dominant seller volume: a significant presence of sellers on each marked fall;

• Technical indicators in negative zone: the RSI at 38, a sign of a weakening, but not yet in a frank occurrence. The MacD at –1 766 and Momentum at –5 704, two markers of a net imbalance in favor of lower investors. Stochastic at 18 and CCI at –140, strengthening the lower bias;

• All the short and medium -term mobile averages (EMA/SMA 10, 20, 30, 50, 100) point down, invalidating any rebound attempt at this stage;

• A soft consolidation structure between $ 107,400 and $ 110,500, without significant recovery in the volume to purchase.

In summary, the current dynamics remain resolutely down to the short term. The critical technical levels are tested, but there is an absence of bullish break, and signs of turning. Buyers are waiting, but the sellers still control the tempo.

The discreet clues of a possible stabilization of Bitcoin

If the short term remains under seller, certain elements of the market reveal a more nuanced dynamic. In particular, long mobile averages, such as EMA and SMA at 200 periods, still send bulls signals.

This is a notable exception in a globally lower technical environment, which could indicate a long -term structural resilience. The levels to be monitored are clear: a crossing of 109,500 dollars with volume could revive the bullish dynamics of Bitcoin, with an immediate target around $ 111,000.

Beyond the graphics, the macroeconomic context adds a layer of complexity. The Core PCE index in July displayed an increase of 2.9 %, in accordance with expectations, without rekindling fears of immediate monetary hardening.

This data was not solid enough to question the anticipations of a drop in rates by the federal reserve in September. In addition, in his speech to Jackson Hole, Jerome Powell delayed fears linked to inflation, which has reinforced the optimism of the markets as to an upcoming rate of rates. A decision by the Fed in this sense would constitute a positive signal for risky assets.

Bitcoin is currently evolving in an uncertainty tunnel. The short -term technical data clearly lean on the side of the sellers, but deeper signals, both graphically and macroeconomic, suggest the medium -term reversal tracks. Attentive investors will accurately scrutinize the levels of 107,000 and 109,500 dollars, because this is probably where the next market sequence will be played.