{"id":26905,"date":"2025-08-26T17:20:34","date_gmt":"2025-08-26T14:20:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26905"},"modified":"2025-08-26T17:25:57","modified_gmt":"2025-08-26T14:25:57","slug":"analysts-identify-bitcoin-support-levels-to-sustain-bullish-trend","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analysts-identify-bitcoin-support-levels-to-sustain-bullish-trend\/","title":{"rendered":"Analysts Identify Bitcoin Support Levels to Sustain Bullish Trend"},"content":{"rendered":"<p>On August 26th, the price of the leading cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-dips-to-109000\">dropped<\/a> to $109,000, triggering a wave of liquidations amounting to $900 million in a single day. Analysts have warned of further market decline risks, reports <a href=\"https:\/\/www.theblock.co\/post\/368219\/analysts-flag-further-downside-risk-as-crypto-market-retreat-triggers-900-million-in-leveraged-liquidations\">The Block<\/a>.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The week began with a significant correction of major assets,&#8221; noted Sean Dawson, head of research at the on-chain options exchange Derive.xyz.\u00a0<\/p>\n<\/blockquote>\n<p>The expert added that Bitcoin&#8217;s daily volatility surged from 15% to 38%, while Ethereum&#8217;s increased from 41% to 70%.\u00a0<\/p>\n<p>According to him, the key reason was the publication of the producer price index, which exceeded forecasts. Traders are panicking, hedging risks ahead of the release of key data: the US GDP report on August 28th and the labour market data in early September.\u00a0<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/crypto-markets\/options\/btc-atm-implied-volatility\/embed\" title=\"BTC ATM Implied Volatility\"><\/iframe><\/p>\n<p>The derivatives market confirms the pessimistic sentiment. The <span data-descr=\"an indicator reflecting the difference in implied volatility between put options with a delta of -25% and call options with a delta of +25%\" class=\"old_tooltip\">25-delta skew<\/span> for the two largest cryptocurrencies by market capitalization has turned negative, with market participants actively buying put options.\u00a0<\/p>\n<p>Dawson suggested that by the end of September, Bitcoin might test the $100,000 mark, while Ethereum could reach $4,000.\u00a0<\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">Glassnode<\/a>, open interest in digital gold futures decreased by 2.6%. Meanwhile, funding payments for longs increased by 29% \u2014 from $2.8 million to $3.6 million, exceeding historical averages. This is a dangerous combination: if the price growth slows, a chain reaction of position closures could begin, analysts emphasized.\u00a0<\/p>\n<p>Simultaneously, on-chain activity shows a contradictory trend. The number of daily active addresses has fallen, while transaction volume has increased. This indicates that the market is driven by short-term speculators rather than organic demand.\u00a0\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXcnORnAU27Jgwuvct1QsFlAzUWuXh1gajh6bzPaKZSDqkIHQg3Law4d4KN8ZRk6Db6P2-CwiIt_OZt4vkmxA8uyu4ZDRDDx52SigC6FjZLMCi9quzi798pd12SMUPdNlRgbQMam8g.webp\" alt=\"Analysts Identify Bitcoin Support Levels to Sustain Bullish Trend\" class=\"wp-image-264595\"\/><figcaption class=\"wp-element-caption\">Number of daily active addresses in the Bitcoin network. Source: <a href=\"https:\/\/tokenterminal.com\/explorer\/projects\/bitcoin?metric1=active-addresses-daily&#038;interval=30d&#038;granularity=day\">Token Terminal<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Timothy Misir, head of research at BRN, described the correction as a &#8220;leverage flush amid market weakening.&#8221; According to him, the daily liquidation volume could approach $1 billion. He highlighted the following key Bitcoin levels:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>$110,000 \u2014 the average price at which short-term investors bought the cryptocurrency. If digital gold holds this level, stability might return;<\/li>\n<li>$103,700 and $100,800 \u2014 the next important marks. If the rate falls below these, it could seriously disrupt the current bullish trend and trigger a new wave of sales.\u00a0<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Good News\u00a0<\/h2>\n<p>Despite the panic, major companies and institutional investors see the correction as an opportunity and are beginning to buy Bitcoin at a reduced price. On August 25th, Strategy <a href=\"https:\/\/forklog.com\/en\/news\/former-bitmain-executives-to-raise-1-billion-for-bnb-investments\">purchased<\/a> 3,081 BTC for $357 million.\u00a0<\/p>\n<p>BitMine Immersion increased its Ethereum reserve by 190,500 ETH worth $2.2 billion. At the time of writing, the firm holds 1.7 million ETH valued at $7.7 billion at the current rate.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXclYESHdNEe9aoY-RIuXk7-eg5bwFjXRaFETb7jpf9tRW3JfjZSXHZ_R2joL2vVa0r876Kcrb4E8xqYvuA8Z8eCS7xgN4trws1xU_jXHZ61DDGjjnuKbM_FCZWy_l8gJussQaAGOw.webp\" alt=\"Analysts Identify Bitcoin Support Levels to Sustain Bullish Trend\" class=\"wp-image-264598\"\/><figcaption class=\"wp-element-caption\">Top 10 largest Ethereum holders among public companies. Source: <a href=\"https:\/\/www.strategicethreserve.xyz\/\">Strategic ETH Reserve<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Following the latest trading session, spot Bitcoin ETFs attracted $219 million after a weekly outflow of $1.1 billion, according to SoSoValue. Meanwhile, ETH-based exchange-traded funds received $444 million.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXdDzvuEgiAMSS_ulvHwmByiA3szRLMtT4QFva3R8-CUiNApG-knBIGR6qXfGhTryg74pY59vjGq2-OCDx2gmLQTGlby4ZqH1yrQWRjj0broxeI0vk-oImtQDdki5Ii1PTcGoB6i.webp\" alt=\"Analysts Identify Bitcoin Support Levels to Sustain Bullish Trend\" class=\"wp-image-264597\"\/><figcaption class=\"wp-element-caption\">Chart of daily inflows and outflows for spot Ethereum ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_ETH_ETF_Fund_Flow?page=usETH\">SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n<p>However, the market remains under pressure due to uncertainty surrounding US monetary policy. Last week, during the Jackson Hole symposium, Federal Reserve Chairman <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> Jerome Powell <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-to-117000-following-fed-chairs-remarks\">adopted<\/a> a &#8220;dovish&#8221; stance.\u00a0<\/p>\n<p>At the time of writing, 88.3% of market participants expect a rate cut at the next <span data-descr=\"Federal Open Market Committee\" class=\"old_tooltip\">FOMC<\/span> meeting, scheduled for September 17th.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXdPqauCBLD8B8E1r3mCJ8TN77j70LTHyLo4HOJ9YrD-HE_QM6cIoQWE5HK1YbRE0EMq5RDn9m3Rx-LybCgH1gbAOCM10oyPwfxtm4ewa8zoUatQnM8ATyPuW5R0ES6xGc75968rwA.webp\" alt=\"Analysts Identify Bitcoin Support Levels to Sustain Bullish Trend\" class=\"wp-image-264596\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME FedWatch<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Previously, the surge in discussions about the Fed rate <a href=\"https:\/\/forklog.com\/en\/news\/surge-in-fed-rate-discussions-highlights-potential-risks-for-crypto-market\">indicated<\/a> potential risks for the crypto market.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 26th, Bitcoin&#8217;s price fell to $109,000, triggering $900 million in liquidations in one day. Analysts warned of further market decline risks.<\/p>\n","protected":false},"author":1,"featured_media":26906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Digital gold risks falling to $100,000 if it fails to hold the $110,000 level.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,569,46,26],"class_list":["post-26905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-etf","tag-ethereum","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"240","promo_type":"1","layout_type":"1","short_excerpt":"Digital gold risks falling to $100,000 if it fails to hold the $110,000 level.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26905"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26905\/revisions"}],"predecessor-version":[{"id":26907,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26905\/revisions\/26907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26906"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}