Bitcoin price recovers to $113,170 from Tuesday's $108.8K lows as S&P 500 hits new highs and NVIDIA earnings fuel risk-on sentiment.
On-chain analysis reveals critical $113.6K resistance from three-month holders seeking breakeven exits while institutional ETF flows provide support.
Mixed signals emerge as altcoins surge 4% versus Bitcoin's modest 1.6% gain, hinting at potential rotation toward smaller cryptocurrencies.
Let's check why Bitcoin price is surging today and what are the BTC predictions for 2025
Today's Bitcoin
(BTC) price analysis reveals a cryptocurrency at an inflection point. As
of Thursday, August 28, 2025, Bitcoin trades at $113,170, up 1.62% on the day
but facing significant on-chain resistance that could determine its near-term
trajectory.
Bitcoin Price Today And Current
Market Data
Bitcoin's
recovery from Tuesday's seven-week lows near $108,800 reflects renewed risk
appetite following the S&P 500's fresh all-time highs and NVIDIA's
better-than-expected earnings report. The bounce has lifted BTC back toward a
crucial resistance zone that analytics firm Glassnode identifies as a potential
turning point.
Key Bitcoin metrics:
Current
price: $113,170 (August 28, 2025)
24-hour
change: +1.62%
Weekly
recovery: +4.1% from $108.8K lows
Market
dominance: 58.26% (-0.06%)
ETF holdings: ~1.29 million BTC ($146+
billion AUM)
Bitcoin price today on a daily chart. Source: CoinMarketCap.com
Bitcoin Price Analysis:
On-Chain Resistance at $113.6K
Cost Basis Analysis
Reveals Key Level
The most
significant finding in today's Bitcoin price analysis comes from
Glassnode's cost basis distribution data. "Currently, Bitcoin trades
beneath the cost basis of both the 1-month ($115.6k) and 3-month ($113.6k)
cohorts, leaving these investors under stress," Glassnode reports.
This
$113.6K level represents the average purchase price for investors who bought
Bitcoin within the past three months. As the price approaches this
threshold, "any relief rally is therefore likely to encounter
resistance, as short-term holders seek to exit at breakeven".
Source: Glassnode.com
Mixed Flow Dynamics Create
Uncertainty
Timothy
Misir from BRN Analytics highlights the conflicting signals: "Spot
demand remains neutral, as perpetuals tilt bearish with CVD negative. The
current funding rate of ~0.01% points to a fragile neutrality".
However,
the derivatives positioning reveals concerning signs. Bitcoin's price recovery
has coincided with declining open interest in USD and USDT-denominated
perpetual futures across major exchanges, while spot trading volumes
remain subdued.
Institutional Flows
Provide Bullish Counterweight
Record ETF Inflows Support
Price Floor
Despite
technical headwinds, institutional demand continues absorbing significant
Bitcoin supply. ETF flows show remarkable strength with $81.4 million in
daily net inflows, while Ethereum ETFs attracted an even larger $307.2
million.
Paul Howard
from Wincent notes the broader implications: "ETFs, corporates, and
governments are now absorbing ~3,600 BTC/day, which translates to ~4x miner
issuance". This structural demand helps explain Bitcoin's resilience
despite technical challenges.
Corporate Adoption
Accelerates
The
corporate Bitcoin adoption trend continues expanding beyond traditional
players. "Metaplanet announced a new plan to raise $881 million to
buy $837 million BTC in Sep–Oct, adding to its 18,991 BTC," Misir
reports.
This
institutional accumulation pattern creates a supply squeeze dynamic where
available Bitcoin becomes increasingly scarce on exchanges, potentially
amplifying price movements in both directions.
Technical Analysis Shows
Promise
Based on my
technical analysis, Bitcoin has managed to return to the consolidation range
observed since July and has moved above the May highs. This development once
again opens the way for a potential test of the all-time highs, although the
price may encounter several key resistance levels along the way.
My bullish
outlook will remain intact as long as BTC does not fall below the 200 EMA and
the psychological level of $100,000.
Key
technical levels:
Bitcoin technical analysis for today. Source: Tradingview.com
A notable
development in today's analysis shows altcoins significantly outperforming
Bitcoin. While the CoinDesk 20 Index gained just 0.82%, the CoinDesk 80
Index surged over 4%, suggesting investor rotation toward smaller
cryptocurrencies.
Paul Howard
from Wincent explains the broader trend: "The cryptocurrency market
cap edged up above the $4 trillion driven by the potential of Solana ETF and
Treasury company news alongside modest gains in $HYPE and $ETH".
"The
expansion of treasury companies across the broader value chain has begun and
where we see news on Solana, expect similar opportunities to pop lower down the
market cap with eyes on AVAX, SUI, APTOS for the coming 6 months," Howard
predicts.
This
suggests the institutional adoption narrative is expanding beyond
Bitcoin into major altcoins, potentially creating new leadership dynamics in
the crypto market.
Bitcoin Price Prediction:
September Outlook
Q3 Trading Range
Maintained
Howard's
analysis confirms Bitcoin remains within predicted parameters: "$BTC's
bounce off $110k keeps it within our predicted $110,000-120,000 trading range
for Q3. Those who scooped some at the monthly lows should be well positioned as
we move into September".
Q4 All-Time High
Expectations
Looking
ahead, Howard anticipates significant moves: "It would be worth
keeping eyes on the Bitcoin whale wallets who have been switching to $ETH this
quarter as that looks to be where I expect more of the 'blue-chip' price action
into Q4 where I expect we hit new all time highs in all the majors off the back
of potential US rate cuts".
This
suggests a two-phase scenario: continued range-bound trading through Q3
followed by potential breakouts in Q4 driven by Federal Reserve policy changes.
The
CoinDesk 80 Index gained 4% vs Bitcoin's 1.6%, suggesting rotation toward
smaller cryptocurrencies and treasury company expansion.
What are the key support
levels to watch?
$107K
(6-month cost basis) represents critical support. A break below could trigger
accelerated selling.
Today's Bitcoin
(BTC) price analysis reveals a cryptocurrency at an inflection point. As
of Thursday, August 28, 2025, Bitcoin trades at $113,170, up 1.62% on the day
but facing significant on-chain resistance that could determine its near-term
trajectory.
Bitcoin Price Today And Current
Market Data
Bitcoin's
recovery from Tuesday's seven-week lows near $108,800 reflects renewed risk
appetite following the S&P 500's fresh all-time highs and NVIDIA's
better-than-expected earnings report. The bounce has lifted BTC back toward a
crucial resistance zone that analytics firm Glassnode identifies as a potential
turning point.
Key Bitcoin metrics:
Current
price: $113,170 (August 28, 2025)
24-hour
change: +1.62%
Weekly
recovery: +4.1% from $108.8K lows
Market
dominance: 58.26% (-0.06%)
ETF holdings: ~1.29 million BTC ($146+
billion AUM)
Bitcoin price today on a daily chart. Source: CoinMarketCap.com
Bitcoin Price Analysis:
On-Chain Resistance at $113.6K
Cost Basis Analysis
Reveals Key Level
The most
significant finding in today's Bitcoin price analysis comes from
Glassnode's cost basis distribution data. "Currently, Bitcoin trades
beneath the cost basis of both the 1-month ($115.6k) and 3-month ($113.6k)
cohorts, leaving these investors under stress," Glassnode reports.
This
$113.6K level represents the average purchase price for investors who bought
Bitcoin within the past three months. As the price approaches this
threshold, "any relief rally is therefore likely to encounter
resistance, as short-term holders seek to exit at breakeven".
Source: Glassnode.com
Mixed Flow Dynamics Create
Uncertainty
Timothy
Misir from BRN Analytics highlights the conflicting signals: "Spot
demand remains neutral, as perpetuals tilt bearish with CVD negative. The
current funding rate of ~0.01% points to a fragile neutrality".
However,
the derivatives positioning reveals concerning signs. Bitcoin's price recovery
has coincided with declining open interest in USD and USDT-denominated
perpetual futures across major exchanges, while spot trading volumes
remain subdued.
Institutional Flows
Provide Bullish Counterweight
Record ETF Inflows Support
Price Floor
Despite
technical headwinds, institutional demand continues absorbing significant
Bitcoin supply. ETF flows show remarkable strength with $81.4 million in
daily net inflows, while Ethereum ETFs attracted an even larger $307.2
million.
Paul Howard
from Wincent notes the broader implications: "ETFs, corporates, and
governments are now absorbing ~3,600 BTC/day, which translates to ~4x miner
issuance". This structural demand helps explain Bitcoin's resilience
despite technical challenges.
Corporate Adoption
Accelerates
The
corporate Bitcoin adoption trend continues expanding beyond traditional
players. "Metaplanet announced a new plan to raise $881 million to
buy $837 million BTC in Sep–Oct, adding to its 18,991 BTC," Misir
reports.
This
institutional accumulation pattern creates a supply squeeze dynamic where
available Bitcoin becomes increasingly scarce on exchanges, potentially
amplifying price movements in both directions.
Technical Analysis Shows
Promise
Based on my
technical analysis, Bitcoin has managed to return to the consolidation range
observed since July and has moved above the May highs. This development once
again opens the way for a potential test of the all-time highs, although the
price may encounter several key resistance levels along the way.
My bullish
outlook will remain intact as long as BTC does not fall below the 200 EMA and
the psychological level of $100,000.
Key
technical levels:
Bitcoin technical analysis for today. Source: Tradingview.com
A notable
development in today's analysis shows altcoins significantly outperforming
Bitcoin. While the CoinDesk 20 Index gained just 0.82%, the CoinDesk 80
Index surged over 4%, suggesting investor rotation toward smaller
cryptocurrencies.
Paul Howard
from Wincent explains the broader trend: "The cryptocurrency market
cap edged up above the $4 trillion driven by the potential of Solana ETF and
Treasury company news alongside modest gains in $HYPE and $ETH".
"The
expansion of treasury companies across the broader value chain has begun and
where we see news on Solana, expect similar opportunities to pop lower down the
market cap with eyes on AVAX, SUI, APTOS for the coming 6 months," Howard
predicts.
This
suggests the institutional adoption narrative is expanding beyond
Bitcoin into major altcoins, potentially creating new leadership dynamics in
the crypto market.
Bitcoin Price Prediction:
September Outlook
Q3 Trading Range
Maintained
Howard's
analysis confirms Bitcoin remains within predicted parameters: "$BTC's
bounce off $110k keeps it within our predicted $110,000-120,000 trading range
for Q3. Those who scooped some at the monthly lows should be well positioned as
we move into September".
Q4 All-Time High
Expectations
Looking
ahead, Howard anticipates significant moves: "It would be worth
keeping eyes on the Bitcoin whale wallets who have been switching to $ETH this
quarter as that looks to be where I expect more of the 'blue-chip' price action
into Q4 where I expect we hit new all time highs in all the majors off the back
of potential US rate cuts".
This
suggests a two-phase scenario: continued range-bound trading through Q3
followed by potential breakouts in Q4 driven by Federal Reserve policy changes.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
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Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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📸 Instagram: https://www.instagram.com/financemagnates
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