Bitcoin

August 29, 2025 at 23:26

Bitcoin faces potential dip below $104k without a pullback

If we don’t get a pullback from where we are, I think there’s a real risk of a dip below $104,000 for Bitcoin. I’m watching for a stable move and signs that $104k acts as a strong support zone. If buyers don’t step in here, the next test could push BTC lower in the near term before any meaningful recovery. I’m keeping an eye on volume and on whether the chart forms a clear higher low to suggest a longer-term bottom.

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Analysis

The opinion centers on Bitcoin’s short-term price action around the $104,000 level. The key assumption is that a lack of pullback from current levels increases the probability of a downside test toward or below $104k, implying that $104k may act as a critical support zone in the event of renewed selling pressure.

Technical factors to watch include price action around the 104k level, volume confirmation on any down moves, and the formation of a higher low if a bottoming pattern emerges. A break below $104k with decisive momentum would raise downside risk toward intermediate targets, while a hold above this level could indicate a stabilization and potential retest of higher resistance levels.

Fundamental drivers to consider are macro sentiment, regulatory headlines, and on-chain activity that could influence risk appetite for BTC. Absent a pullback, the risk-reward tilts toward a short-term pullback, though a strong bounce from support would suggest resilience and a possible continuation of an uptrend into the next few weeks.

Recommendation

If you’re trading, prepare for a potential test of $104k. Use tight risk controls: consider a small allocation if price holds above support with improving volume, or tighten stops just below $104k to protect against a sharper decline.

Monitor for a clear price reaction at the level. If a bullish reversal pattern forms (e.g., a confirmed higher low with rising volume), you could reassess longs with a modest exposure. If price breaks and closes below $104k, reassess and reduce exposure or look for short-term downside trades with careful risk management.

Overall stance: stay flexible and focus on risk controls around the $104k area. A decisive move below this level is a warning signal for near-term weakness, while a hold might set up for a bounce in the following sessions.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.