$BTC
Here is a quick analysis of Bitcoin price movement from August 28, 2025, to now:
---
Price and Market Movements
Bitcoin is currently trading at around $112,929, with a slight increase (~0.017%) compared to the previous close. The highest intraday price reached $113,332, and the lowest price was $110,924.
According to other sources, the price is around $113,000–$113,100, up by ~1.8% over the past 24 hours, driven by expectations of a Federal Reserve interest rate cut and President Trump's influence on monetary policy.
---
Technical Support and Resistance
Analysts see a key support level at $109,000, where a break below may lead to a short-term correction in the cryptocurrency market and a shift of funds toward alternative coins.
On the flip side, analysis from DailyForex indicates technical support at $110,000 and resistance around $114,000 (the 50-day moving average), with a potential move towards $120,000 if positive momentum continues.
On-chain data indicates potential selling near the $113,600 level, which could hinder further upside if the upward movement does not overcome selling pressure.
---
Technical Analysis – Elliott Model
Elliott Wave analysis from LiteFinance suggests that the internal correction (Wave 4) has ended, and the price is currently at the beginning of the final sub-wave (5), which may rise to $124,560.
