【Wealth Code】Bitcoin plummets 112K and breaks through! Is 108666 the line of life and death? Countdown to interest rate cut in September, will the 150K dream shatter or take off as a warning!
Bitcoin's surge is once again hindered, and it started to decline before even reaching the pressure of 115K mentioned yesterday!
Currently, it has once again fallen below the support of 112K, and the downtrend line on the four-hour chart is just right to suppress it. Pay attention to the vicinity of the previous low of 108666 to see if a double bottom can form. There is strong support to watch around 106K! September is approaching, and whether there will be an interest rate cut or if the price can sprint to 150K will soon be revealed! $BTC
Stay tuned for updates to receive trend analysis at the first moment!
BTC Analysis: August 29, 2025 Daily Chart
