Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.
Updated Aug 29, 2025, 5:16 p.m. Published Aug 29, 2025, 2:47 p.m.
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Red September? Bitcoin Risks Sliding to $100K After 6% Monthly Drop
Technical indicators confirm a bearish shift suggested by violation of key price support levels.
What to know:
- Bitcoin has breached key support levels, indicating a risk of a slide to $100,000.
- Technical indicators confirm a bearish shift.
- The cryptocurrency fell 6.5% in August, ending a four-month winning streak, as ETFs lost $751 million.