{"content":"🛡️ BTC on the Brink — Can Support Hold the Line for a Recovery?  BTC might rebound if the support level remains in place, according to the Bitcoin Price Forecast. The price of bitcoin saw a negative reaction from the rising trendline that it had previously breached on August 23, and it continued to fall by 7.43% till Sunday. As this article is being written on Monday, it has made a tiny recovery and is now trading at $109,600. If Bitcoin is able to establish support around its daily level of $105,573, which also nearly corresponds with the 61.8% Fibonacci retracement level at $105,386 (drawn from the low of $74,508 in April to the high of $124,474 in August), then it may be able to rebound towards its daily resistance at $116,000. The Relative Strength Index (RSI) on the daily chart, on the other hand, is reading 41, which is below its neutral threshold of 50, which indicates that negative momentum is occurring. The Relative Strength Index (RSI) has to climb above its neutral level in order for the rebound surge to continue. According to the four-hour chart, Bitcoin (BTC) is now exhibiting a bullish RSI divergence. The relative strength index (RSI) reached greater highs within the same time period, which contrasts with the establishment of a lower low on Monday. This kind of development is known as a bullish divergence, and it often indicates a trend reversal or a rise that is just short-term in nature. It is possible that Bitcoin will continue to advance toward its 50-day Exponential Moving Average (EMA) on the 4-hour chart, which is located at $110,650, if it is able to recover. It is possible that the gains might be extended to their highest point of $117,429 on Friday, if this barrier is successfully closed above. On the other hand, if Bitcoin has a correction, it can continue its downward trend until it reaches its weekly support level of $104,463. #BTC #NewHighOfProfitableBTCWallets #MarketPullback #TrumpTariffs #DogeCoinTreasury $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/01/df1fa1471594453b8fa91f730d0a3fba.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}