After reaching a summer high above $125,000, Bitcoin entered a correction phase. In recent weeks, the price has stabilized in the range of $102,000–$110,000, showing signs of consolidation after a volatile August.
On the daily chart, a decrease in volume and a weakening momentum are observed. The RSI index shows a bearish divergence: the price is holding, but momentum is decreasing. This is a classic signal of bullish movement exhaustion.
Futures markets remain neutral: open interest is decreasing, and funding hovers around zero. This indicates that traders are not ready to aggressively bet on either growth or decline.
From a fundamental perspective, the activity of large wallets remains high. The number of addresses holding more than 100 BTC continues to grow, indicating long-term trust in the asset. However, short-term inflows into ETFs have decreased, which weakens institutional momentum.
At the time of writing, Bitcoin is trading near $109,000, with a daily gain of less than 0.3%. This indicates stabilization, but without signs of a strong recovery.
Bitcoin ended August on a weak note, and September began with an attempt to hold positions. Technical indicators point to a decrease in momentum, while fundamental data shows a mixed sentiment. In the coming days, the market will seek direction: either a recovery to $112K and above, or a deepening correction if pressure persists.
