Bitcoin News Today: Bitcoin Rebounds After Tariffs and Jobs Data Dip

Bitcoin (BTC) experienced a significant pullback in late July 2025, driven by a combination of rising U.S. tariffs and weak jobs data. The price dipped to as low as $112,000 over the weekend, testing critical support levels amid growing economic uncertainty [1]. The U.S. dollar, reacting to the negative data, saw increased pressure, prompting some investors to pivot toward alternative assets like cryptocurrencies [5]. The S&P 500 also recorded a 1.6% drop on the same day, signaling broader market concerns [1].

Despite the decline, technical indicators suggested that Bitcoin may have found a floor. The 4-hour chart showed the price rebounding from the $112,000 level after confirming it as a key support zone [1]. The price re-entered the bull flag pattern, a continuation structure indicating potential for further upside if buyers hold the level [1]. However, the Stochastic RSI and RSI indicators on the same chart were showing mixed signals—suggesting that while a short-term rebound was in place, the longer-term outlook remained uncertain [1].

On the daily and weekly charts, Bitcoin came within range of the upper boundary of its previous bull flag, triggering panic among traders [1]. Yet, the price action also suggested that important structural support had been tested. If the $112,000 level continues to hold, it could serve as a base for a potential rally back toward the top of the bull flag [1]. If not, a deeper correction to $109,000 could be expected, with the 0.618 Fibonacci level at $108,000 also in play [1].

Late July also saw a “buy the dip” narrative gaining traction. Public figures such as Eric Trump endorsed this strategy, reinforcing the idea that macroeconomic uncertainty could be favorable for Bitcoin [6]. This sentiment was reflected in the market as Bitcoin stabilized in early August, trading near $114,345 [3]. Ethereum and other altcoins also saw gains, with some rising over 188% during the same period [7].

Analysts noted that the U.S. Federal Reserve’s potential rate-holding stance could weaken the dollar and drive further interest in crypto assets [3]. However, bearish warnings persisted, with some experts cautioning that the recent jobs data and trade policy shifts could extend the correction [10]. The market is now closely watching for key economic signals, including further labor reports and potential changes in Fed policy, which could influence Bitcoin’s direction [3].

The technical outlook remains mixed. While the price has stabilized around key levels, the MACD and RSI indicators have not fully confirmed a bullish reversal. Bulls will need to push the RSI back above the 50.00 level and generate a stronger green histogram on the MACD [1]. A further pullback to $109,000 may be necessary to flush out retail traders before the next move higher [1].

Overall, Bitcoin’s recent performance reflects the broader market’s sensitivity to macroeconomic trends. While the dip has sparked renewed interest in “buying the dip,” investors remain cautious about the underlying risks. The coming weeks will be critical in determining whether the current correction has reached its bottom or if more selling pressure lies ahead.

[1] https://cryptodaily.co.uk/2025/08/bitcoin-btc-rebounds-after-tariffs-and-jobs-data-dip-price-analysis

[3] https://m.economictimes.com/markets/cryptocurrency/crypto-news/bitcoin-steadies-near-114k-amid-fed-rate-cut-hopes-ethereum-cardano-xrp-jump-up-to-8/articleshow/123090770.cms

[5] https://www.mitrade.com/au/insights/news/live-news/article-3-1009116-20250804

[6] https://www.mitrade.com/au/insights/news/live-news/article-3-1008139-20250804

[7] https://www.ainvest.com/news/bitcoin-news-today-bitcoin-holds-steady-altcoins-surge-2-5-188-2508/

[10] https://www.fxstreet.com/cryptocurrencies/news/the-weekender-jobs-report-to-powell-hold-my-beer-202508032139