Bitcoin News Today: Bitcoin's $110K Holdup: A Battle of Bulls and Bearish History

Bitcoin's price has been hovering around the $110,000 level, consolidating after a sharp decline from its late August peak of $124,517. Over the past three weeks, BTC has lost nearly 11%, briefly dipping to $107,270 before stabilizing above the $110K threshold [1]. The total market cap for cryptocurrencies currently stands at approximately $2.2 trillion, with daily trading volumes fluctuating between $22 billion and $90 billion, reflecting a tightening liquidity environment [1]. While bulls are emphasizing BTC's resilience above $110K, bearish indicators are dominating, with lower highs and lower lows visible on daily charts. The formation of dojis and small-bodied candles signals indecision in the market, with BTC now fluctuating narrowly between $110,032 and $111,369 [1].

On the short-term technical front, support for Bitcoin is clustered between $106,000 and $100,000, where the 200-day EMA ($104,521) and the 50% Fibonacci retracement converge with the psychological $100K level [1]. Analysts warn that failure to defend these levels could lead to a deeper drawdown toward $95,000–$78,000, a range identified by Peter Brandt. On the upside, $113,000–$114,000 represents immediate resistance, with a break above $112,500 on high volume being necessary for a bullish continuation. Momentum indicators, including RSI at 46 and Stochastic at 44, suggest neutrality-to-weakness, while the MACD divergence has turned mildly positive, hinting at potential reversal signals if volume improves [1].

September is historically Bitcoin's weakest month, with an average decline of 3.77% since 2013. The recent nonfarm payrolls data, which reported an unemployment rate of 4.3%, has contributed to a risk-off market sentiment, causing BTC to be rejected at the $113K level [1]. Over the past decade, similar labor shocks have preceded crypto pullbacks of 15–25%, aligning with current bearish projections. Despite this, the long-term trajectory remains overwhelmingly bullish, with BTC's price surging from $0.00099 in 2009 to $110,723 in 2025, representing an 11.18 billion percent increase and an 18.5% year-over-year gain in 2025 following a 121% rise in 2024 [1].

Institutional investors are playing a pivotal role in the current cycle, with over 690,000 BTC absorbed by funds and corporations, far exceeding the 109,000 BTC mined during the same period. MicroStrategy (now Strategy Inc.) remains a notable corporate buyer, and Japanese firm MetaPlanet has demonstrated a case study in volatility, with its stock experiencing 12 mini-bear markets in 18 months and an average drawdown of 32%—including a severe -78.6% collapse in late 2024 [1]. Market strategist Mark Moss describes this as a “1:4 ratio,” where treasury companies endure four cycles for every one BTC cycle, amplifying risks for equity investors tied to Bitcoin balance sheets.

The historical narrative around halving cycles as price catalysts is facing new skepticism. Analyst PlanC argues that with only three past halvings, the sample size is insufficient to accurately predict future cycles. The 2025 rally has been more heavily influenced by ETF inflows and corporate accumulation than by mining supply cuts. Spot Bitcoin ETFs have absorbed significant inflows, while miners, who earn only 144 BTC per day, are no longer a dominant force in setting prices. Institutional behavior is now a greater driver than programmed supply halving, meaning traditional cycle-based strategies may be outdated [1].

As Bitcoin consolidates, attention has shifted to altcoins offering asymmetric upside. Remittix (RTX), a PayFi project enabling crypto-to-fiat transfers across 30+ countries, has emerged as a standout, raising over $20 million and securing CEX listings on BitMart and LBANK. With liquidity and team tokens locked for three years and a full CertiK audit complete, RTX presents itself as a utility-driven alternative. Its momentum coincides with BTC’s stall at $111K, a dynamic that could mirror past cycles where Bitcoin corrections fueled 20x–30x rotations into mid-cap altcoins [1].

Source:

[1] Bitcoin Price Forecast: $106K–$114K Tests, as BTC-USD ... (https://www.tradingnews.com/news/bitcoin-price-forecast-btc-usd-stalls-at-111k-usd-agead-of-fed-desicion)