Bitcoin’s recent daily close has sparked caution among traders, as the cryptocurrency’s price dipped below a critical support level, $110,500, on August 31, 2025. This downturn raises concerns of potential further declines, according to Cryptowzrd, a noted figure in the crypto analysis community. The recent bearish close has put the market on edge, with traders keenly observing whether Bitcoin can reclaim its footing or face continued downward pressure. As highlighted in Bitcoin traders say BTC price at ‘make-or-break’ point at $110K, this level is seen as pivotal by many in the trading community.
Bearish Momentum on the Horizon?
In his latest analysis, Cryptowzrd flagged the bearish daily candle close as a significant indicator of mounting selling pressure. The price drop below the $110,500 threshold is more than just a minor setback. It could be the harbinger of a more pronounced descent towards the $100,000 mark unless buyers step in with vigor. “If the bulls can’t reclaim the $110,500 support soon, we might be in for a deeper correction,” Cryptowzrd warned. Yet, not all hope is lost. A bullish reversal, characterized by a strong daily candle, might negate this bearish setup, offering a glimmer of hope for those betting on Bitcoin’s resilience.
Adding another layer of complexity is the performance of Bitcoin Dominance (BTC.D), which has shown signs of indecisiveness. This wavering dominance often signals a shift in capital towards altcoins, hinting at a broader diversification strategy among investors. “When Bitcoin’s dominance wavers, it’s usually a boon for altcoins,” explained the analyst, suggesting that the current market dynamics might pave the way for altcoin rallies. This trend is further explored in Altcoins Continue to Bleed Out as Bitcoin Fights to Maintain $110K: Market Watch, which examines the impact on altcoin markets.
Intraday Volatility Adds to Uncertainty
Today’s trading session has been anything but stable, with Bitcoin struggling to hold above the $110,400 intraday support. This level is now the epicenter of market activity, with traders eyeing it as a potential pivot point. Should Bitcoin fail to reclaim this support, the stage could be set for an extended decline towards the $105,500 area, or even lower if the bearish momentum intensifies. “The $110,400 level is a real battleground now,” Cryptowzrd noted, emphasizing the importance of this intraday setup in determining near-term price action.
However, there’s a flip side. A successful reclaim of the $110,400 mark could tilt the scales back in favor of the bulls, setting the scene for an upswing. Yet, Cryptowzrd advises caution: “The market’s current state is murky. Jumping in without clarity could be risky.”
Looking Ahead: Volatility or Stability?
As the market approaches the monthly transition period—a time historically associated with heightened volatility and mixed sentiment—traders are urged to tread carefully. The current environment calls for measured strategies rather than impulsive moves. With the weekend looming, the crypto community remains on high alert, waiting to see if clarity emerges from the current market fog.
In the broader context, the recent price movements underscore a growing uncertainty within the cryptocurrency sphere. The potential for a significant downward shift raises questions about Bitcoin’s ability to maintain its bullish momentum in the face of mounting pressures. Can the bulls muster the strength needed to reclaim lost ground? Or is a deeper correction inevitable?
As we move into September 2025, the crypto world is poised on the edge, with traders and analysts alike keeping a close watch on Bitcoin’s every move. The coming weeks promise to be crucial in shaping the narrative of Bitcoin’s journey in the volatile world of digital currencies.
Source
This article is based on: Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum
Further Reading
Deepen your understanding with these related articles:
- Bitcoin traders: BTC must close week above $114K to avoid ‘ugly’ correction
- Bitcoin Price Fights Off 10-Day Sell Streak—Are Buyers Gaining Control?
- Bitcoin Price Analysis Reveals Market-Bottom Cues, but $113,500 Remains the Key Test
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
