BITCOIN & ALTCOIN PUMP, THEN DUMP (Get Ready)!! Bitcoin News Today, Ethereum, Solana, XRP, Chainlink
Crypto World·2025-09-02 18:57

Market Trends & Analysis - Bitcoin is bouncing from a support area, with a large Bitcoin whale purchasing more Bitcoin [1] - A bearish divergence is present on the weekly Bitcoin price chart, suggesting a potential pullback or slowdown in bullish momentum [6] - Ethereum is experiencing a bearish divergence, leading to a lack of bullish momentum [33] - Bitcoin dominance is showing a short-term bounce, which is generally unfavorable for altcoins [29][30] Investment Opportunities & Risks - Strategy (MicroStrategy) purchased over 4,048 Bitcoin for almost $450 million, at an average price close to $111,000 per Bitcoin [2] - Strategy holds over 636,55 Bitcoin acquired for almost $47 billion [3] - A potential short-term bullish relief for Bitcoin is possible, but larger time frames still show weakness [16][22] - XRP is only just holding on to a crucial level of support, and faces the risk of breaking below $2.75 [1][47] Key Levels & Liquidation - Bitcoin has a support area between 106.7%K to 107.6%K (roughly 107,000 to 108,000) [9][10] - Bitcoin faces short-term resistance at roughly 110,000 to 111,000, with a significant level at roughly 112,000 [18] - Major liquidity for Bitcoin is located below the price, around 106.8%K to 107.1%K (roughly 107,000) [21]