Bitcoin bulls charge at $112K as gold hits fresh all-time highs
03.09.2025
17498
Bitcoin surprises with upside volatility in line with gold, but the risk of a return to test $100,000 is on the cards "in the coming days," a trader warns.
Key points:
- • Bitcoin moves in step with gold, rising toward $112,000 as gold hits new all-time highs.
- • BTC price action has yet to confirm a reversal, say commentators, with the risk of a $100,000 dip still real.
- • September seasonality means that week three of the month is all but guaranteed to see losses.
Bitcoin surged with gold at Tuesday’s Wall Street open as bulls crunched through short liquidity, hitting new September highs of $111,775 on Bitstamp—up nearly 2% on the day. This rally mirrored gold's breakout to fresh all-time highs above $3,500 per ounce, sparked by US macroeconomic data last Friday.
Trader: BTC price still due $100,000 dip
Data from Cointelegraph Markets Pro and TradingView showed the surge, with Bitcoin punishing bearish bets—CoinGlass data revealed around $60 million in four-hour crypto short liquidations. Commentators are in 'wait and see' mode, with Keith Alan of Material Indicators highlighting strong technical resistance at the 100-day SMA and trend line confluence, warning bulls need to flip it to avoid a death cross with the 21-day SMA.
BTC Bulls need to R/S Flip that too to prevent a Death Cross between the 21-Day/100-Day MAs.
Crypto expert Marcus Corvinus described a 'critical moment,' noting price is at the bottom of an uptrend channel with heavy bearish candles signaling buyer weakness. A breakdown could confirm a fresh downtrend.
Heavy bearish candles closed, signaling buyers are losing grip. A breakdown here could confirm the end of the uptrend → start of a fresh downtrend.
Popular trader Roman dismissed an immediate reversal, stating Bitcoin lost $112k support and could turn it into resistance, with a likely touch of $100k support in coming days. He previously argued losing $100k would end the bull market.
Bitcoin dips "100% of the time" in September week three
Network economist Timothy Peterson emphasized September's poor historical performance for Bitcoin, with average losses of 3.5% since 2013, and high volatility making the monthly average deceptive.
Between the 16th and the 23rd, Bitcoin dumps 100% of the time, with a typical decline of -5%.
The article concludes with a disclaimer: it does not contain investment advice, and every move involves risk, urging readers to conduct their own research.
#Bitcoin bull market#Cryptotrading#Position Liquidation#Bitcoin price increase#Technical analysis
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