Bitcoin Price Analysis: BTC Holds Key Level Despite Market Indecisiveness

Bitcoin (BTC) remained above the key $110,000 level despite selling pressure and market ￰0￱ flagship cryptocurrency fell to a low of $110,036 early today but recovered and moved to its current level of $110,575, marginally down over the past 24 ￰1￱ faces a major hurdle around the $114,000 mark, which has become a major source of ￰2￱ believe it must cross this level for a push towards $120,000 to ￰3￱ Digital Bitcoin Treasury Second-Largest Among Public Funds MARA Holdings Bitcoin (BTC) treasury is now valued at $6 ￰4￱ firm holds 52,477 BTC , putting it behind only Michael Saylor’s Strategy in the Bitcoin treasury ￰5￱ produced just over 700 BTC in August at an average of 22.7 BTC per day.

However, the flagship cryptocurrency’s price fell just over 5% in the same period, peaking around $124,000 and then dropping below $110,000. MARA CEO Fred Thiel stated, “Given the decline in Bitcoin price during the month, we took the opportunity to add to our treasury and currently hold over 52,000 BTC .” MARA added that its hashrate went up to 59.4 EH/s. Additionally, all miners at the firm’s Texas wind farm have been installed and ￰6￱ to Thiel, the site is on track to become fully operational by the fourth quarter of ￰7￱ (BTC) Unlikely To Reach Price Peak In Q4 A Bitcoin analyst has said that investors predicting BTC will reach its cycle-high price by the end of 2025 don’t understand the principles of ￰8￱ statement comes amid several predictions that Bitcoin could surge to new ￰9￱ analyst stated in a post on X, “Anyone who thinks Bitcoin has to peak in Q4 of this year does not understand statistics or ￰10￱ analyst argued that the halving cycle was irrelevant following the rise of Bitcoin treasury companies and growing inflows into spot Bitcoin ￰11￱ halving is completely irrelevant at this point, and there is zero fundamental reason—other than a psychological, self-fulfilling prophecy—for the peak to occur in Q4 ￰12￱ a statistical and probability standpoint, it is equivalent to flipping a coin and getting tails three times in a row, then betting all your money that the fourth flip MUST BE tails.” Meanwhile, traders are divided over whether BTC will peak by the end of ￰13￱ to Canary Capital CEO Steven McClurg, BTC has a 40%-50% chance of crossing the $140,000-$150,000 mark.

“I think there is a greater than 50% chance Bitcoin goes to the 140 to 150 range this year before we see another bear market next year.” However, he warned of a broader economic bear market, stating that the Federal Reserve should have cut interest rates at its last two ￰14￱ (BTC) Price Analysis Bitcoin (BTC) has steadied itself over the weekend after a week of substantial ￰15￱ flagship cryptocurrency surged to an intraday high of $113,390 on Friday as bulls attempted to retake control. However, it lost momentum after reaching this level and fell to $110,670, ultimately registering a marginal ￰16￱ price dropped 0.41% on Saturday but has recovered during the ongoing session, up 0.31% at $110,558.

Analysts believe there is uncertainty in the market as investors evaluate their next ￰17￱ the uncertainty, BTC maintained its position above the key $110,000 ￰18￱ level is crucial in determining whether the flagship cryptocurrency can retain bullish momentum in the short term. Additionally, BTC has maintained its bullish edge despite lower-than-expected NFP numbers, indicating that broader market sentiment supports BTC . However, if BTC breaks below $110,000, it could lead to a deeper correction, potentially testing the $100,000 ￰19￱ registered a sharp drop on Sunday (August 24), falling to an intraday low of $110,635 before settling at $113,478.

Bearish sentiment intensified on Monday as the price fell nearly 3% and settled at $110,127. BTC faced volatility on Tuesday as buyers and sellers struggled to establish ￰20￱ ultimately gained the upper hand as the price rose 1.51% to $111,788. BTC was back in the red on Wednesday, dropping 0.48% and settling at $111,253. It recovered on Thursday, rising 1.19% to reach an intraday high of $113,480 before settling at $112,574.

Bearish sentiment returned on Friday as BTC fell nearly 4%, losing the crucial $110,000 level and settling at $108,378.