Bitcoin Price breaks Through Daily Downtrend

Important points

• Bitcoin closes its daily candles outside of the downtrend since August.

• A breakout is necessary. “confirmed,” Analysis is a good way to determine the best course of action.

• BTC prices expectations differ between traders. Many still expect new lows.

BitcoinBTCThe analysis suggests that () may have received a new reversal sign, which could bring an end to the two-week decline in BTC prices.

BTC Price Closes Above Key Trend Line

Data on Cointelegraph Markets Pro The following are some examples of how to get started: TradingView BTC/USD closes outside of a downtrend line for the very first time since August 13.

Bitcoin supporters are eager to see confirmation It is clear that most of the recent bull market correction has ended.

Early signs of a problem, such as the emergence bullish divergence The relative strength index has accompanied a recovery from a multi-week low of $107 270.

On the daily chart, now the complete retracement of August’s highs has been challenged.

The following are some of the ways to get in touch with us. noted by popular trader and analyst Rekt Capital, Tuesday’s daily candle sought to break through several weeks of downward resistance — something that price ultimately succeeded in doing.

“BTC is attempting to break its two-week old Daily Downtrend,” He wrote in an X post At the time.

“Daily Close above the Downtrend and/or post-breakout retest would confirm the breakout.”

Bitcoin traders eye $112,000 short liquidations

BTC/USD was at $111,000 as of Wednesday’s writing, ahead of other cryptocurrency exchanges. key US macroeconomic data prints.

Related: Bitcoin to see ‘one more big thrust’ to $150K, ETH pressure builds: Trade Secrets

Market participants’ opinions on the future of the Bitcoin bull-market have continued to differ.

A Call for Action retest of $100,000 or lower Il Capo, a pseudonymous analyst and trader known for his negative market views, told X’s followers that “get ready for impact” On the Day

Prepare for the impact.

— il Capo Of Crypto (@CryptoCapo_) September 3, 2025

One of the most popular targets for resistance is $112,000.

“Very keen to see what $BTC can do at this resistance,” crypto trader, analyst and entrepreneur Michaël van de Poppe summarized.

The area in question coincided with an area of high liquidity, according to the order books. CoinGlass.

“Liquidations building above 112-112.4K,” popular trader Killa notedDaan, another trader of Daan crypto Trades calling 114,000 dollars a “major area to watch” For the same reasons.

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.