Bitcoin (COIN:BTCUSD) started Wednesday, September 3, 2025, trading above $110,000 after breaking through a downward trendline. At 8:30 a.m. Brasília time, BTC was priced at $111,486, up 1.4% over the past 24 hours. Over the same period, it traded as low as $108,538 and as high as $111,653.
The 1-hour chart shows the cryptocurrency reclaiming the key psychological support at $110,000 and now moving sideways. Immediate resistance is seen at $112,000, with the next projected target at $115,500 if that level is breached, an area with a strong concentration of orders.
The relative strength index (RSI) at 57 suggests room for further gains before entering overbought territory. However, trading volume shows signs of weakening, indicating that buyers will need more momentum to push decisively beyond the critical resistance.
If Bitcoin loses the $110,000 support, it could pull back toward $108,500, retesting the upper boundary of the broken channel.
From a technical standpoint, a daily close above the main trendline for the first time since August 13 reinforces the case for a reversal. Analysts note that the market may be nearing the end of its correction, showing signs of accumulation ahead of a potential new rally.
On the corporate front, MicroStrategy (NASDAQ:MSTR), led by Michael Saylor, expanded its holdings by 4,048 BTC at a cost of $449.3 million, with an average purchase price of $110,981. The company’s total stash now amounts to 636,505 BTC, valued at $46.95 billion.
On Tuesday, spot Bitcoin ETFs recorded net inflows of $332.7 million. Fidelity’s (AMEX:FBTC) fund led with $132.7 million in inflows, followed by BlackRock’s (NASDAQ:IBIT) with $72.8 million. Ethereum ETFs, meanwhile, posted net outflows of $135.3 million.
In line with Bitcoin’s narrative as “digital gold,” the price of the precious metal has surged past $3,500 to new records. Institutional investors are showing increased preference for BTC, also viewed as a safe-haven asset amid global macroeconomic uncertainty.
Year-to-date, crypto investment products have seen $35.5 billion in inflows, a 58% increase compared to 2024.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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