Bitcoin Analysis (BTC/USD): Has the Bottom Been Created or Not?

Bitcoin is currently trading around 109,086 USD, up slightly by 0.50% in the past 24 hours, with a trading volume of 43.49 billion USD and a market capitalization of 2.17 trillion USD. However, according to sentiment indicators, the market has not truly bottomed out. Market Sentiment Signal According to data from Santiment, discussions about the phrase "buy the dip" (mua khi giá giảm) on social media are increasing significantly as Bitcoin approaches important support levels. Historically, this often indicates that the selling pressure has not yet finished. A "true bottom" is usually accompanied by exhaustion, despair, and no one wanting to buy anymore. Currently, we have not yet seen that happen. This means that in the short term, Bitcoin may still face adjustment pressure before forming a sustainable recovery. For traders, the risk of a liquidity trap ( in the coming weeks is something to pay special attention to. Technical Analysis of Bitcoin

Since mid-August, Bitcoin has remained in a downtrend channel, not breaking the upper boundary. On the 2-hour frame, BTC is moving sideways around the 109,000 USD region after testing the 107,300 USD support. 50-day SMA: 110,340 USD 200-day SMA: 114,136 USD RSI: 47 ) shows improvement after the oversold area ( MACD: still negative but the histogram is narrowing Many spinning top candle patterns appear at support – usually signaling a potential reversal if volume confirms. Important resistance – support levels: Resistance 1: 111,350 USDResistance 2: 113,500 USDStrong resistance: 114,136 USD )SMA 200( → If it breaks, the next target is 115,700 USD.Support 1: 107,300 USDSupport 2: 105,150 USDSupport 3: 103,350 USD Medium-Term Forecast & Trading Strategy Currently, the price structure is asymmetric. If BTC breaks the downtrend channel, the upward momentum could quickly explode and lead the price towards 130,000 USD in the medium term – a scenario that has repeated many times in previous growth cycles. Suggested strategy for traders: Enter a buy order when the price breaks above 111,350 USD, accompanied by a strong confirmation signal from the RSI and a positive MACD crossover. Short-term take profit target: 113,500 USD → 115,700 USD. Stop-loss )stop-loss(: below 107,300 USD, in case selling pressure returns. Long-Term Perspective Despite short-term volatility, the larger cycle of Bitcoin remains intact. The limited supply of 21 million BTC, along with financial institutions continuing to increase their holdings, suggests that the current accumulation phase may just be a stepping stone for a new bull run. With a long-term vision, it is likely that this is the period of accumulation before Bitcoin establishes a new all-time high and firmly stands above the 100,000 USD mark. 👉 In summary: Bitcoin has not truly bottomed out yet as the market sentiment remains too optimistic at the support level. However, if it breaks through important resistance levels, BTC has the potential to enter a strong growth phase in the last months of 2025.