Bitcoin price sinks into ‘critical support’ under $110K in 2% daily dip
04 Sept 2025 · 16:17 UTC · Cointelegraph RSS Feed · Original source
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Summary
Bitcoin shrugs off US jobs data and its latest attempt to crack $112,000 resistance in a limp Wall Street open.
Why it matters
The article highlights Bitcoin's failure to maintain its position above significant resistance levels, particularly amidst a negative market reaction to the US jobs data. This could trigger a sell-off, especially if trading sentiment shifts towards caution. Historical patterns suggest that critical support levels can lead to further declines if broken, hence the predictions lean bearish in several timeframes. However, the potential for altcoins to experience mild positive movement reflects a nuanced market reaction and diversification by traders.
Expected impact
Bitcoin's recent price drop below $110K could lead to further bearish sentiment in the market, causing traders to reassess their positions. The inability to break through the $112K resistance indicates a struggle for upward momentum, which might push prices lower in the short- to medium-term.