Bitcoin: Can it Avoid A Correction To $108,000 This week?

BitcoinBTC() makes a strong comeback at the end of September as we approach both monthly and quarterly closing.

• BTC prices surprise with an increase above $112,000 in the closing price for the week. This sets up a fight between bulls vs. bears.

• But observers have warned of the next move, which is to liquidate all late-longs.

• The week’s highlight is the employment data in the US, amid continued pressure on Federal Reserve chair Jerome Powell.

• Bitcoin is finally following gold’s lead after it reaches new highs.

• The data on the chain shows that panicked speculators sell BTC when it is at its lowest, but old hands are still holding. 

Bitcoin bulls fight for $112,000

Bitcoin’s weekly candle closing above an important price level was highly unlikely.

BTC/USD recovered $112,000 in the last minute after it threatened to reach new lows below $109,000.

Data from Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC’s price level is confirmed to be holding through the opening Asia session.

Participants in the market were wary when commenting about the recent BTC price. They argued that further evidence was needed to assume the bull is back.

“$BTC also had a pump just like $ETH, mostly due to short positions getting closed,” Ted Pillows is a cryptocurrency investor and entrepreneur who wrote in the a post on XThe largest altcoin Ether has experienced a similar rise in value.ETH). 

“For a strong Bitcoin rally, a daily close above $113,500 is needed. Otherwise, BTC will most likely revisit its lows again.”

Roman, a popular trader, shared this sentiment. He expected the price to oscillate between its upper and lower trading range boundaries.

“Currently just retesting and resistance so unless we blow through on high volume, I expect some ping pong between here and 108k,” He summarizedDemanding that bulls take back $118,000.

The volatility of the market was anticipated as we approached the closes for both quarterly and monthly in less than 48 hour. 

Data from CoinGlass Shows that BTC/USD at $112,000 would lock in 3% gains for September, with a Q3 gain of around 4.4%.

These numbers represent the average Bitcoin performance, as both Q3 and September returns are historically very variable.

“$BTC Has seen very little volatility and is closing the quarter relatively flat. This is not out of the ordinary for Q3 as you can see,” popular trader Daan Crypto Trades wrote Monday, X posted a message about the data. 

“It’s the worst quarter on average with ‘only’ a ~6% increase on average throughout its history. So we’re pretty much in line just like Q2.”

Daan Crypto Trades has been anticipated in the opposite direction. “very exciting” The Q4 performance is based on the past.

“BTC has been pretty reliable though so it makes more sense to watch in my opinion. Especially with it lagging behind the likes of $GOLD & Stocks the past few weeks,” He said.

CME’s new gap and the long-term liquidations of CME

Bitcoins returning to above $112,000 over night triggered a substantial reshuffle in liquidity across exchange order book.

CoinGlass data shows the price cutting through late short position, and large players adding more ask liquidity at around $113,000.

Total cryptoliquidations in the last 24 hours were $350 millions, of which $260 million was shorts.

After analyzing the BTC order book, analysts are keen to predict where BTC will go in future. They believe that liquidity is what may drive BTC prices. “magnet” Both up and down.

“I like when the market sentiment is bearish after a correction during a HTF uptrend,” CrypNuevo, a popular online trader, wrote an excerpt of the article. X thread Sunday. 

“I think it’s the case – a drop below $100k seems to be the market consensus right now. So instead, I’m inclining more towards a recovery from here or the liquidity grab at $106.9k and then up.”

According to current data, a drop below $107,000 could liquidate $5 billion worth of longs.

Market participants are still cautious due to this, as well as the impending monthly closing. 

Killa is a popular trader who has noted this new weekend. “gap” appearing in CME Group’s Bitcoin futures — a price “magnet” on its own.

“If we re-evaluate price action, we pumped on CME open. Usually, when we do that, these particular gaps can take a few days or a week to fill,” He noted Monday. 

“Since we have both monthly and quarterly closes, I believe they’re building long liquidity before taking out the weekend lows.”

US job data is released amid increased pressure on Powell

The Federal Reserve and US Employment data are the main focus of this week’s trading for cryptos and risk assets.

As a result of a growing split on attitudes to interest rate reductions, a variety of top-ranking officials will provide their views about the US economy outlook.

The traders are looking forward to these cuts, which represent an ease in policy and indicate more liquidity flowing into the risk assets. 

You can also read about the advantages of using Cointelegraph reportedFOMC members are not unanimous in their views on cuts or the speed of implementation. 

It is not a speech of his own last week, Fed Chair Jerome Powell — already under heavy pressure from US President Donald Trump to speed up policy easing — sought to strike a balance between hawkish and dovish language.

“In recent months, it has become clear that the balance of risks has shifted, prompting us to move our policy stance closer to neutral at our meeting last week,” He said following the FOMC agreed a 0.25% cut The meeting was held in September.

Trump and others continue to insist that the Fed takes more drastic measures. Trump’s cartoon firing Powell was posted on Truth Social last weekend. called for his resignation In 2025, the entire world will be affluent.

“If it weren’t for Jerome ‘Too Late’ Powell, we would be at 2% right now, and in the process of balancing our budget,” A further part stated. 

“The good news is that we’re powering through his Incompetence, and we’ll soon be doing, as a Country, better than we have ever done before!”

The week will be dominated by the release of private and public sector jobless data, as well as the initial claims for unemployment benefits. These are the main catalysts that could cause volatility.

Gold shatters $3,800 in the first week

Gold is stealing the spotlight once more. The Bitcoin bulls may be feeling some relief this week, but it’s gold that has taken over.

The XAU/USD pair hit an all-time record on Monday. It was the first time that it had ever passed $3,800 for an ounce, despite a decline in US Dollar strength.

This is the latest in Aktuellen Bewegung repeats a pattern already on every Bitcoin trader’s mind this quarter — gold outperforming Bitcoin.

The latest edition of “Macro MondayReflexivity’s market research resource Reflexivity Research has called attention to a deteriorating Bitcoin/Gold Rate. The report said that this was “signaling a preference for gold over Bitcoin as a hedge.”

The proponents maintain however that BTC’s price can mimic gold with a delay of a few days, thus maintaining historical trends.

Andre Dragosch of Bitwise’s European research head, Andre Dragosch, relates the current state of affairs to macroeconomic factors.

“Why has bitcoin been lagging behind gold in 2025? Because gold has been more sensitive to monetary policy & US Dollar while bitcoin has been more sensitive to global growth expectations,” He told X follows Monday 

“So, gold’s price action reflects strong monetary easing already while bitcoin’s price action still reflects weak growth expectations.”

Dragosch stated that, just like growth expectations are delayed by monetary policy shifts, Bitcoin will follow the footsteps of gold with a “significant rally.”

Bitcoin investors panic as local bitcoin prices plunge

New analysis shows that Bitcoiners have reacted to the recent BTC drop in price with textbook behavior.

Related: The hidden force behind Bitcoin and Ether price swings: Options expiry

It is important to note the difference between short-term and long-term coin holders. The latter sells coins at a significant loss, while “old hands” Take the wind and ride it out.

The “QuicktakeIn a series of blog posts published on Monday, the onchain analytics platform CryptoQuant compared this recent dip to others.

“We saw the same setup in late 2024—short-term capitulation while LTH conviction stayed strong—right before a major rebound,” contributor Woo Min-Kyu summarized. 

“Historically, these low-ratio zones often align with price bottoms, marking the late stage of corrections.”

The post employed a Spent-Output-Profit Ratio (SOPR), a measure of the amount that coins move onchain in profit, or loss. The post used a derivative of Spent Output Profit Ratio (SOPR), which measures the extent to which coins moving onchain are doing so in profit or at a loss. “ratio” LTH SOPRs and STH SOPRs confirm that younger investors have responded by selling their shares at a discount.

“Short-term pain, long-term gain,” CryptoQuant has concluded.

You can also read about the advantages of using Cointelegraph reported, STH entities — those hodling for up to six months — have always been sensitive to snap BTC price volatility, especially when the market crosses their aggregate cost basis.

Average STH Cost Basis, Per CryptoQuant dataIt is estimated that the current price of is around $109 800.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.