📊Current situation (as of today, August 28, 2025):

• The current price is around $111,881.

• The daily trading range is between $110,465 as the low and $112,578 as the high.

• Trading in a relatively narrow range, with pressure on the vital support level at $110,000.

• The currency has seen a decline of about 10% since reaching its peak on August 14, when the price was around $124,000.

🤔Short-term technical outlook (until tomorrow)

Forecasts from various sources:

• Traders Union expects a slight increase of about 0.79% over 24 hours, meaning the expected price will reach $112,777, and an increase of about 1.9% over 48 hours to reach $114,015.

• CoinLore predicted that tomorrow's price (August 29, 2025) will be $111,438, reflecting relative stability or a slight decline.

• Changelly indicates a price increase of about 3.58% to $115,106 by August 29, with balance in the fear and greed index around 51 (neutral).

• TradingNEWS sees that supports at $110,000 are in a critical position, and overcoming $112,000 for a period of 4 hours will confirm stability; otherwise, the price may likely retreat to $105,000.

• CryptoNews indicates that the fundamental support at $110,100 has started to erode, and a downward breakout could bring the price down to $100,000 if the mentioned support is clearly broken.

📜Analysis summary:

1- Slight stability or slight increase between $112,000 - $115,000, with technical support at $110k and balanced movements.

2- A retreat towards $105k, breaking support at $110k, and warning technical reports.

3- A drop to around $100k, a potential strong support breakdown, and technical pessimism.

📰Major risks and influencing variables:

• Technical pressure: The support level at $110k is critical, and if the price drops towards it without stability, there could be a widespread market liquidation.

• Fund inflows (ETFs): A decline in institutional demand could put pressure on the price.

• Macro factors: Potential changes in interest rates or major economic events could shake the market.

• Institutional supply and demand: Even in the event of a correction, there are signs of continued demand from institutions as a relative support for the price.

📝Summary:

• Until tomorrow (August 29, 2025): The most likely scenario is stability leaning towards a slight increase, with the possibility of reaching $112 - $115k if the price maintains its current level.

• A breakdown of support at $110k could lead to a sharp decline towards $105k or even $100k.

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