Published 08/27/2025, 03:21 AMBitcoin This Week: Bull or Bear?View all comments (0)0After last week’s drop, Bitcoin broke below key support and is now retesting that zone. The big question: will this turn into a deeper correction, or can BTC reclaim support for another push higher?Macro driversProfit-taking and liquidationsSelling pressure stayed heavy last week. On Aug 19 and Aug 22, profit-taking increased alongside leverage washouts. Cumulative short liquidations reached about $3.7 billion, while long liquidations were around $48 million. Both were higher than the prior week, highlighting stronger pressure on positioning.Figure 1: Bitcoin Realized Profit – from IUX coinglass.comFigure 2: Binance BTC/USDT liquidation – from IUX coinglass.comETF flows: Out, then back inETF flows flipped from a sharp outflow on Aug 22 to modest inflows on Aug 25–26. But the scale wasn’t enough to spark a strong rebound, highlighting how institutions are still cautious after July’s record inflows.Figure 3: Spot Bitcoin ETF Flow (USD) – from coinglass.comRegulatory and political noiseRegulatory headlines continue to weigh on sentiment. The SEC’s probe into Alt5 Sigma has spilled into politics, with calls for broader reviews. This uncertainty makes investors hesitant to commit fresh capital.US data aheadMarkets now look to U.S. GDP (Aug 28) and Core PCE (Aug 30). Softer growth and inflation would reinforce expectations for Fed rate cuts, pushing yields and the dollar lower, supportive for BTC. Stronger data, however, could lift the dollar and pressure risk assets.Technical viewsKey levelsSupport: Price broke below the $111,900 zone (Fibo 23.6%) and is now retesting it as resistance. Failure to reclaim this level may open the door toward $100,900 (Fibo 50%).Resistance: On the upside, if macro data helps sentiment, BTC could rebound toward $123,000.Trend bias: Price still holds above the SMA200, while the SMA50 continues to provide near-term support, meaning the broader uptrend is not yet broken.Figure 4: BTCUSD Chart – Aug 27, 2025, from IUXCluster AnalysisThe cluster chart shows buyers trying to bottom-fish, lifting BTC back to test resistance. But Cumulative Delta hasn’t diverged from price, sellers remain more aggressive than buyers. Without stronger buy imbalances, BTC risks either drifting sideways or extending its decline until new demand steps in.Figure 5: BTCUSDT Perpetual Futures Cluster Chart, from coinmap.techKey Points for TradersShort-term traders: Wait for confirmation. Unless Cumulative Delta turns and aggressive buyers step in, rebounds may lack momentum. Avoid chasing inside the $109k–119k zone, where moves often lack conviction.Long-term investors: The broader uptrend holds above SMA200, so staying invested is reasonable. But stay alert: upcoming U.S. data could trigger volatility and another liquidity sweep before a clearer direction emerges.Bitcoin This Week: Bull or Bear?View all comments (0)0Latest commentsInstall Our AppScan QR code to install appRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.© 2007-2025 - Fusion Media Limited. All Rights Reserved.