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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/05/2025

Bitcoin: Bulls Keep Buying the Dip, But Can They Hold $112,000?

Bitcoin (BTC) is experiencing sharp volatility as bulls continue to buy the dip, while global markets await U.S. jobs data set to be released on Friday. Mid-week, BTC bounced to $112,600 but quickly sold off during the Asian trading session, pushing the price down to $109,300. As of now, Bitcoin is trading around $111,300, oscillating in a tight range of $109,000–$111,200, with profit-taking pressure on every rally. What's drawing the market's attention is the U.S. jobs data. The report

Bitcoin: Bulls Keep Buying the Dip, But Can They Hold $112,000?

Bitcoin (BTC) is experiencing sharp volatility as bulls continue to buy the dip, while global markets await U.S. jobs data set to be released on Friday.

Mid-week, BTC bounced to $112,600 but quickly sold off during the Asian trading session, pushing the price down to $109,300. As of now, Bitcoin is trading around $111,300, oscillating in a tight range of $109,000–$111,200, with profit-taking pressure on every rally.

What's drawing the market's attention is the U.S. jobs data. The ADP report showed only 54,000 new jobs created in August, well below the expected 75,000. This Friday, the official nonfarm payrolls report will be released and is widely viewed as a key signal for Federal Reserve monetary policy.

According to the CME Group's FedWatch tool, the probability of the Fed cutting interest rates by 25 basis points in September currently stands at 97.6%. Such an easing move could provide a tailwind for BTC, as risk-on capital flows are incentivized to return.

Data from Hyblock shows that both retail and institutional investors continue to accumulate on the spot market while also increasing leveraged positions. However, analysts note that $112,000 is the real "decision line" for the near-term trend: a sustained break above it could open the door to a new leg up, while failure to do so keeps the risk of a deeper correction very much alive.