Will Profit-Taking Drag BTC to $105K?
The post Will Profit-Taking Drag BTC to $105K? appeared on BitcoinEthereumNews.com. Summary The Bitcoin price prediction is based on whether ETF demand surpasses selling pressure. Bitcoin is currently trading around $112.7k, with a consolidation range of $112k-$115k. ETF inflows remain a major driver, albeit recent flows have been erratic. Upside potential: A break above $115k might go to $118k-$122k. Downside risks: A break below $112k might result in a drop to $108k, with $105k as an extension. Profit-taking and September’s weak seasonality raise bearish risks. The Bitcoin price prediction narrative is again in focus as Bitcoin trades around $112.7k today, holding near key support levels after last week’s sharp retracements. Traders are weighing ETF flow dynamics, Fed policy signals, and broader macro sentiment while leveraged positions continue to amplify intraday volatility. Large liquidations below $113K reminded the market of how quickly momentum can shift in either direction. Institutional buying via spot ETFs remains the key structural story, but headline flows have become less consistent: weeks with big net inflows were followed by days of small outflows as markets reacted to Fed direction. This push-and-pull between long-term institutional accumulation and near-term profit-taking is shaping the Bitcoin outlook, as traders debate whether BTC can hold current ground or slip toward lower supports. Current BTC Price Scenario BTC 1d chart, Source: crypto.news Bitcoin has been trading in a low-to-mid six-figure range, with technical support at around $112k and resistance at $115k. Price tested and briefly broke $113k amid recent volatility before settling back near $112.7k, indicating that the current consolidation is short but fragile. Market participants are intently monitoring order flow and ETF activity to determine who will absorb selling at current prices. On-chain and market-structure signals portray a mixed picture: exchange net outflows and earlier weeks of ETF accumulation indicate that some supply is being held back, but on-chain indications also show pockets of profit-taking…
The post Will Profit-Taking Drag BTC to $105K? appeared on BitcoinEthereumNews.com.
Summary The Bitcoin price prediction is based on whether ETF demand surpasses selling pressure. Bitcoin is currently trading around $112.7k, with a consolidation range of $112k-$115k. ETF inflows remain a major driver, albeit recent flows have been erratic. Upside potential: A break above $115k might go to $118k-$122k. Downside risks: A break below $112k might result in a drop to $108k, with $105k as an extension. Profit-taking and September’s weak seasonality raise bearish risks. The Bitcoin price prediction narrative is again in focus as Bitcoin trades around $112.7k today, holding near key support levels after last week’s sharp retracements. Traders are weighing ETF flow dynamics, Fed policy signals, and broader macro sentiment while leveraged positions continue to amplify intraday volatility. Large liquidations below $113K reminded the market of how quickly momentum can shift in either direction. Institutional buying via spot ETFs remains the key structural story, but headline flows have become less consistent: weeks with big net inflows were followed by days of small outflows as markets reacted to Fed direction. This push-and-pull between long-term institutional accumulation and near-term profit-taking is shaping the Bitcoin outlook, as traders debate whether BTC can hold current ground or slip toward lower supports. Current BTC Price Scenario BTC 1d chart, Source: crypto.news Bitcoin has been trading in a low-to-mid six-figure range, with technical support at around $112k and resistance at $115k. Price tested and briefly broke $113k amid recent volatility before settling back near $112.7k, indicating that the current consolidation is short but fragile. Market participants are intently monitoring order flow and ETF activity to determine who will absorb selling at current prices. On-chain and market-structure signals portray a mixed picture: exchange net outflows and earlier weeks of ETF accumulation indicate that some supply is being held back, but on-chain indications also show pockets of profit-taking…
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