Bitcoin ignores US-EU trade deal with $114K in focus

The following are key points.

• Bitcoin is at a price level that could make or break the currency’s value in the weeks to come: $114,000

• BTC Market Structure Risks are looking at the bid liquidity as it lines up under local lows. “weak.”

• Fed Rate Cut Odds Fall for September Despite US-EU Trade Agreement

BitcoinBTC() experienced volatility on Wall Street at the opening of its session Thursday as investors digested a US/EU trade agreement.

Bitcoin analysts flag key BTC prices levels

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView Showed BTC/USD up to the $114,000 level.

Even macroeconomic data showed little sign of trend changes, but bulls appeared stuck at that level.

“Bitcoin is clearly rejecting from ~$114k resistance on the Daily timeframe,” Rekt capital, a popular analyst and trader summarized his most recent X post.

Rekt Capital had said the day before that BTC’s price could continue to fall if it loses $114,000 “convincingly,” It is important to note the close of each week relative to that level.

#BTC

Watch the market for short-term price movements

Bitcoin has to keep rejecting $114k for it to move down.

BTC cannot go below $114k unless it is convincingly lost.

It is important to keep the weekly closing at $114k.$BTC #Crypto #Bitcoin https://t.co/6Yubx4CqHd pic.twitter.com/VfJicvzqjf

— Rekt Capital (@rektcapital) August 20, 2025

Daan Crypto Trades is a colleague trader. “interesting” A local low in the area is between approximately $109,850 and $101,900.

“Anything lower and I think the structure is going to be looking a bit weak,” He told X people will be following you on that day. 

“Generally you don’t want to see price move back into such a large range/consolidation period after breaking out of it.”

Order Book Data Exchange CoinGlass The day’s lowest price coincided with a range of liquidity bids starting at $112900.

Jackson Hole: Uncertainty is the order of the day

The trade deal, meanwhile, had little impact on US stock markets, with both the S&P 500 and Nasdaq Composite Index ranging after the open.

Related: Bitcoin won’t go below $100K ‘this cycle’ as $145K target remains: Analyst

The Federal Reserve has announced that it will begin its next quarterly meeting on September 16, 2016. Jackson Hole economic symposiumThe day’s betting on interest rate cuts for the September meeting has deteriorated.

The odds of no cut coming rose to 36% on prediction service Kalshi — the most since Aug. 1, trading resource The Kobeissi Letter noted.

CME Group data FedWatch Tool I was optimistic and gave a 25% chance of the rates remaining at their current level.

“Minutes of the Federal Reserve’s last rate-setting meeting showed a broadening consensus over risks to the inflation outlook. The minutes noted that the majority of FOMC members saw upside to inflation outweighing employment risk,” Trading firm Mosaic Asset has written in about an update Thursday.

Mosaic reported that Jerome Powell, Fed chair’s Friday speech in Jackson Hole was not a good one. “highly anticipated.”

“Powell has used the venue in previous years to broadcast key pivots on monetary policy,” This is acknowledged. 

“If concerns over inflation continue to outweigh risks to the labor market, Powell could temper expectations for any rate cuts at upcoming meetings until more data is gathered.”

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.