BTCUSD has experienced a strong bearish move on the H1
chart. The price appears to have found support near 1.09K, indicated by two
consecutive bullish candles.
Analysts suggest that if the support holds, a short-term
rebound could occur, but a break below this level may increase bearish momentum
and push the price lower.
CFTC Move May Impact Domestic Platforms
A recent analysis shared on the YouTube channel Crypto World
highlighted a recent advisory from the US Commodity Futures Trading
Commission, which may allow American traders to access Binance and other
offshore cryptocurrency exchanges.
This represents a potential shift from previous restrictions
and could increase market activity while intensifying competition for domestic
platforms such as Coinbase.
You may find it interesting at FinanceMagnates.com: XRP
Consolidates at $3 as Analyst Cautions on Impact of US Economic Data.
Current market conditions show Bitcoin in a short-term
recovery, though broader indicators suggest limited upward strength. Resistance
is noted near $112K–$117K, with support around $109K–$105K.
NEW #Bitcoin & #Altcoin update! 👇https://t.co/ZtQeuACk3i
— Josh (@CryptoWorldJosh) August 29, 2025
Altcoins Show Mixed Signals, Analysts Warn
Ethereum is trading within a defined range, with support at
$3,900–$4,100 and resistance near $4,800–$4,900. Solana has established support
at $190–$200 and is targeting $230. XRP shows bearish divergence on the weekly
chart, indicating potential weakness. Chainlink is trading near $25, with
resistance at $27 and support at $23.
Analysts Outline Bitcoin Trends amid Market Volatility
Financial analysts have shared views on Bitcoin’s recent
price movements and market trends. John
Pompiano noted that the recent decline may reflect seasonal and broader market
factors, with corporate treasuries potentially influencing demand. He also
discussed possible U.S. Federal Reserve rate cuts and broader economic
conditions.
If lower, this is the best support on Bitcoin.Most will probably get scared: pic.twitter.com/CTZZXLHSXp
— BitcoinHyper (@BitcoinHypers) August 21, 2025
Crypto analyst BitcoinHyper
highlighted technical signals indicating short-term downtrends, noting that
breaches of key support levels could lead to further corrections. Oversold
indicators may allow temporary rebounds, though the overall trend remains
cautious.
Ryan Lee, Chief Analyst at Bitget, expects Bitcoin
to trade within a defined range. He emphasized that higher leverage in
futures markets and macroeconomic developments, including Fed policy, could
affect price direction, with rebound opportunities balanced against potential
corrections.
This article was written by Tareq Sikder at www.financemagnates.com.
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