The closure of the week above $ 114,000 would be a “big step” for the first cryptocurrency, supporting a positive attitude. This was stated by Trader Sam Price.
Bitcoin Bulls Are Defending $ 109k Support Nicel. A WEEKLY CLOSE ABOVE $ 114K WOLD BE BIG, But We’ll See by Sunday.
ALSO, Huge Wick Like that Shows Solid Buy Pressure. Likely Soome Sideways Flaging and We Continue to Maintain. Watching The 1h for a Possible Push Up. pic.twitter.com/bheutkpksj
– Sam Price (@Cryptolifer33) August 28, 2025
According to the price, long green candles indicate strong purchasing pressure. However, the expert did not exclude a temporary sidewall in digital gold.
The cryptoanalyst under the nickname Rekt Capital emphasized that it is important for bitcoin to return $ 114,000 as support for protection against a protracted correction period.
Bitcoin Is Finding Support at $ 109k After The Minimum Move Has Taken Place
Really Important BTC Reclaims $ 114k (Black) AS Support in the Future
Because Otherwise, a Rebound Here Cold End Up as a Post-Breakdown Relief Rally $ 114k Turns to Resistance
And … https://t.co/pr2n98jhdf pic.twitter.com/ebawa5o6mb
– Rekt Capital (@rektcapital) August 27, 2025
Similar key values were called the founder of MN Capital Michael Van de Poppe. According to his observations, support at $ 112,000 is “crucial”. In the case of its failure, the market should expect a decline.
IT Remains Crucial.
If #Bitcoin Canit Hold ABOVE $ 112k, We’ll Probably Face a Very Ugly Correction Across the Board.
Probably The Final One and the We’re Up Only for the Coming Period. pic.twitter.com/wxtfzwoaxh
– Michaël van de Poppe (@cryptomichnl) August 28, 2025
The analyst presented his forecast on Thursday, August 28. The very next day, Bitcoin sank to $ 110,000.
At the time of writing, the first cryptocurrency is traded about $ 110,500. Today, the asset has risen sharply to $ 111,500, but rose quickly.
Recall that on the daily schedule of the first cryptocurrency, two bulls of MegaFon was formed, which can signal the growth of up to $ 260,000.
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Source: Cryptocurrency
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