Key points:

• Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead.

• BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone.

• Fibonacci analysis hints that such a drop may not pass more than 10%.

Bitcoin (BTC) returned above $111,000 into Sunday’s weekly close as analysis saw “promising” recovery signs.

BTC price “logical” bounce zone near $100,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% on the day to hit local highs of $111,369.

The pair’s latest dip, which followed US macroeconomic data, saw bulls preserve $110,000 support.

“This is actually promising on $BTC,” crypto trader, analyst and entrepreneur Michaël van de Poppe responded on X.

“It makes a new higher low and holds the support at $110K. Would be great if we crack $112K and fire up the bull run.”

Market participants continued to hold diverging views over short-term BTC price action. Popular trader Cipher X suggested that $112,000 could spark new lows should bulls fail to reclaim it next.

$BTC holds around $111K, but structure hints at a possible dip

If momentum stalls below $112K, I expect a pullback toward $108K support

Nothing major is happening across the market right now – it’s the weekend so best to stay patient and relaxed. pic.twitter.com/JP8lUHoKNz

— Cipher X (@Cipher2X) September 7, 2025

“We either flip $113,000 and pump to new highs, or if we reject here we drop to $100,000,” fellow trader Crypto Tony added on the day, adopting a more categorical perspective based on the weekly chart.

Trader TurboBullCapital referenced the 50-day and 200-day simple moving averages (SMAs) at $115,035 and $101,760, respectively, as important levels to watch going forward.

“Lose the $107k area & the downside target becomes the $101k level which also happens to coincide with the MA200,” part of an X post concluded. 

“This is a logical area to expect a bounce.”

Bitcoin’s “worst case scenario” coincides with $100,000

As Cointelegraph reported, one theory on longer timeframes involves market makers on exchange order books.

Related: Bitcoin bear market due in October with $50K bottom target: Analysis

Short sellers and bears, it suggests, could be the victims of manipulation prior to a giant short squeeze event taking the market to new all-time highs. This would echo price action in late 2024.

In the meantime, Fibonacci retracement levels imply a maximum drop of 10%, again based on historical behavior since the end of last year.

“$BTC usually bottoms at 0.382 Fibonacci level. This happened in Q3 2024, Q2 2025 and will probably happen again,” popular trader ZYN observed.

“For anyone wondering how low we can go, 0.382 Fibonacci level is currently around $100K. So the worst case scenario is a 10% drop before a 50% rally above $150,000.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bank of America (BofA) believes corporate America will send the S&P 500 soaring to new all-time high levels.

Despite President Trump’s trade war, BofA strategists including Savita Subramanian and Jill Carey Hall predict that the S&P 500 will hit 6,300 by the end of the year and skyrocket to 6,600 in 12 months, reports Bloomberg.

BofA strategists say America’s economic engine remains resilient.

“Despite tentative trade deals, the One Big Beautiful Bill Act and receding recession risks, policy uncertainty is near all-time highs and sovereign yields are at multi-decade highs. But corporate transparency has remained intact…

Volatility in currency, inflation and rates have failed to rattle S&P 500 margins since Covid – corporates either adapted or dropped out of the index.”

BofA’s bullish stance comes as one wealth advisory firm says investors are becoming increasingly optimistic about the trajectory of the S&P 500.

In a new CNBC interview, Payne Capital Management senior wealth advisor Courtney Garcia says tariff headlines are no longer rattling investor confidence, as markets grow accustomed to Trump’s threats being delayed or dialed back.

“I think what the market is starting to realize is that these are just getting pushed down the line… There are no really tariff deadlines that are coming. They just keep getting pushed out indefinitely, and that’s where markets are saying, ‘Okay, this isn’t probably as bad as we expected,’ at least in the first week of April, which markets have already moved past.

I think at this point, markets are more focused on almost a Goldilocks scenario, that interest rates are probably coming down later this year, growth is actually still strong, inflation is starting to come down. I think that’s what the market is pricing in.”

Payne Capital Management is a New York-based registered investment advisor that oversees $1.06 billion in assets.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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An analyst known for making timely Bitcoin calls is outlining what he believes is the most bullish scenario for BTC as the crypto king struggles to sustain a rally above $110,000.

In a new strategy session, pseudonymous analyst Credible tells his 70,100 YouTube subscribers that he thinks Bitcoin will not retest a key psychological level as support if BTC is in the midst of an aggressive uptrend.

“If we are in the most bullish scenario, then we will not take these lows [at $100,000]. We’ll simply find buyers above these lows, will front run them and we’ll continue higher.”

But the trader notes that even in the most bullish case, he expects BTC to witness a different kind of correction, one defined by time rather than price.

“These corrective structures can drag out as we well know by now, and they take a lot of different shapes and forms, but at the end of the day what we have here is some combination of corrective, choppy price action before the next impulse starts.

And so even if we make marginal higher highs, but if we’re not moving up with momentum, then we can pull back down and just chop around for a bit longer.

I’d like the green zone to be tapped ideally. And in the most bullish case, that’s as low as we go. Whether we take the highs or not, it doesn’t matter. And then we just get more chop and then we erupt again impulsively.”

Looking at the trader’s chart, he seems to predict that BTC will surge to $140,000 in his most bullish scenario.

At time of writing, Bitcoin is trading for $105,226.

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A widely followed crypto strategist believes that shallow corrections are the norm for Bitcoin as BTC flashes strong upside momentum.

Pseudonymous analyst Pentoshi tells his 864,500 followers on the social media platform X that Bitcoin looks bullish amid sustained demand from corporations and exchange-traded fund (ETF) investors.

According to the trader, the steady inflows suggest that a drop below $100,000 would represent the bleakest scenario for BTC at this stage.

“I’d only be concerned for BTC if we lost [$104,000] and started to close under the previous all-time high closes and range highs. Absolute worst case in my opinion would be mid $90,000s. For now, we are trading above. So, bias should be continuation.

Even then, I don’t think there’s enough supply to stay down for long at the rate it’s being GOBBLED up.

ETFs have that gluck gluck 3000 going and are sucking supply dry, absolutely milking it and same with Saylor

The printers never truly stop.” 

At time of writing, Bitcoin is trading for $108,959.

According to Pentoshi, Bitcoin is on track to break out against gold, ultimately leaving the precious metal far behind.

“At some point, BTC is going to make new highs vs Gold and never look back.

The fastest growing ETF in history tells you everything you need to know, as well as the companies getting exposure.”

Turning to the layer-1 protocol Solana, the analyst thinks SOL will head above $200 if it manages to convert the $180 resistance into support.

“SOL hit $187 today.

Flip this area to support, and we see $220 next in my opinion.”

At time of writing, SOL is worth $176.

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