On Aug 29, 2025, 20:07 UTC, Bitcoin (BTC) fell below the $108,000 level, now trading at $107,914.03, marking a 3.54% decrease over the past 24 hours, according to Binance Market Data.
🔎 Market Context
The decline reflects a period of increased market caution as traders assess macroeconomic data, regulatory updates, and shifting liquidity conditions. Despite the pullback, BTC remains one of the strongest-performing assets of the year, though recent volatility has prompted some profit-taking.
📊 Technical View
Key Support: $107,000 — traders are watching to see if BTC can hold this zone.
Immediate Resistance: $110,000 — reclaiming this level would signal renewed bullish momentum.
Trend: Short-term momentum has weakened, but long-term holders continue to dominate supply.
🌍 Sentiment
The broader crypto market is also seeing mixed performance, with altcoins showing sharper declines in tandem with Bitcoin’s drop. Rising short positions and cautious derivatives activity indicate traders are preparing for potential further volatility.
