Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest
05 Sept 2025 · 11:06 UTC · Crypto Adventure RSS Feed · Original source
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Summary
Bitcoin trades under $113K, testing resistance after rebounding from late August lows near $108K. Analysts highlight breakout above descending trendline, with $116K next target and $124K retest possible.
Why it matters
The current technical indicators are showing accumulation rather than selling pressure. With steady outflows observed on-chain, it suggests that investors are less inclined to sell, which might fuel upward momentum. Key resistance and target levels are closely watched, and crossing these could trigger stop orders and further buying activity.
Expected impact
Bitcoin has recently shown strength around the $113,000 mark, with analysts suggesting that this could lead to a breakout above previous resistance levels. A successful move above $116,000 could pave the way for a potential retest of all-time highs.