$BTC
Here is an updated analysis for Bitcoin (BTC) as of August 31, 2025:
📉 Technical performance and current trends
The current price is trading around 108,400 USD, however, it has seen daily session levels between 107,350 (low) and 111,850 (high) approximately.
The range of 110,000–112,000 USD is considered a key support, and a break below 110,000 USD could lead to further decline towards 104,000–107,000 USD.
The RSI indicator remains below 50, indicating clear bearish tendencies in the short term.
Technical patterns show a clear downward channel on the 4-hour time frame, with resistances at 113,600 and 117,000 and a potential reversal if these resistance levels are breached.
The August monthly candle pattern was a bearish reversal within an upward channel, suggesting a potential formation of a short-term top.
📊 On-chain support and institutional indicators
Asset outflows from exchanges continue, which reduces the available supply and reflects a desire for long-term holding.
On-chain signals such as VDD Multiple and MVRV Z-Score indicate an entry into an accumulation phase rather than a peak selling sentiment.
Additional technical support is mentioned within the range of 104K–108K USD where massive amounts were purchased previously.
🌍 Macro factors and policies
Increasing expectations for interest rate cuts have boosted risk appetite recently, while the continued weak dollar provides positive momentum for Bitcoin as a hedge against inflation.
