Bitcoin 30 August: Does this indicator go up to $ 100,000?

Bitcoin growth has since the beginning of the year is about 20% a disappointing indicator for projected growth. In 2023 and 2024, BTC increased by more than 100%. The cryptocurrency king can improve its figures if he can escape above the average ATH level at $ 124,000. Buyers must protect double blockchain support and technical support.

Do institutional investors again make a bitcoin bet? Is the cryptocurrency technically optimistic? We Let’s try to answer these questions in the newsletter of August 30. Let’s start!

A sharp fall in institutional interest in ETF Bitcoin Cash From the moment of reaching the peak beyond $ 120,000 bitcoin controlled by sellers . Traders decided fix the profit above the psychological round figure in $ 120,000 ah Institutional players no longer support bitcoin as before:

The inflows and outflows of spot etf bitcoin. Source: Coinglass

From July 21 the massive capital receipt of the Bitcoin Covealous ETF has stopped . There were even a few significant Cases of profit fixation . Since August 25 (for four days), approximately $ 570 million was received which is approximately corresponding tributary in one day July 17th. Bitcoin dynamics are closely linked to ETF since 2024 and now Institutional players keep away .

Cryptocurrency king usually demonstrates Bull volatility when its price exceeds the upper (green) strip of Balliner in the week . But with a recent fall of bitcoin price fell sharply below the upper lane :

Bullinger strips on bitcoin. Source: Checkonchain

This one The situation is negative For BTC which in such a configuration tends slide up to lower lane (red). This is what we really have seen several times since the start of the cycle. If this scenario happens, the price can fall up to $ 100,000. However, remember that still all profits around the lower lane led to growth and a new maximum. If the trend continues, the king of cryptocurrencies can exceed $ 125,000 .

BTC is heading up to 3-day support at $ 104,000 From April Buyers have clearly had an advantage Above the price of bitcoin. However, sellers have captured close $ 124,000 and buyers appear slowly. So much, that Sliding average (EMA 9/EMA 18) That’s right cross the lower border For the first time since April:

Bitcoin’s price against the dollar (3D) – register with Trading View using our affiliate link.

If sellers retain control, the price can return to $ 104,000 support level. The purpose of buyers remains to ensure BTC recovery after last ath at about $ 124,500. The $ 104,000 level served as support in June and can allow again Record . But if this does not happen, the king of cryptocurrencies may fall to the next support at $ 90,000. Meanwhile, RSI has been rejected From the bear line of trend and continues to fall. As long as the situation remains so, The impulse will be feverish after 3 days.

The king of cryptocurrencies can no longer count on the support of institutional players; They left him since late July. And if demand does not increase, the price of bitcoin can fall to a support level of $ 104,000 or even to the lower level of the Ballinger strip at $ 100,000. Even if the price of bitcoin will be unstable in the short term, whales have decided to accumulate ETH.

Important Bitcoin News

• Will the price of bitcoin be speculative? In 2025, it increased by 20%, but it is a relatively low index for the year of bovine growth.

• After an interesting message from Nayb Boukele, the markets are crazy: can the treasure trove of El Salvador reach $ 1 billion in bitcoins by the end of 2025?

• Investment consultants are currently dominated by ETF Bitcoin and Ethereum, and significant investments reflect the growing institutional implementation of cryptocurrencies.

• Donald Trump may nominate the candidate of the Fed, who would be friendly to cryptocurrencies. Indeed, among 11 candidates three showed strong interest in bitcoin and cryptocurrencies.

Source: Journalducoin.com