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Bitcoin Rebounds After Plunging to the $108k Support Zone Bitcoin has had a rough week of trading over the past week, falling 3.93% over the past seven days, according to Coinmarketcap data. Bitcoin's price dropped to a low of $108,851 on September 25, 2025. However, it attempted a rebound on September 28, reaching a high of $110,974. At the time of writing, Bitcoin's price is at $110,755. Its volatile movement allows the price to fluctuate at any time. Negative factors for Bitcoin include volatility and high leverage liquidations. Many traders use leverage, and a price drop can trigger a cascade of liquidations and deepen the correction. A recent large-scale liquidation occurred after a rapid decline. Bitcoin often faces resistance in the high-price zone around $112k-$114k. If key support fails to hold at the key $104k or $10k levels, the downside resistance could be breached. Market sentiment is also influenced by the Fed's monetary policy, US inflation data, and regulatory stances on crypto in various countries, which can trigger sudden volatility. Historically, September is often a weak month for the crypto market, known as the September effect. After a long rally, the market needs consolidation or a small correction to breathe. The hash rate remains high or continues to increase, indicating a secure and decentralized network, which is a positive fundamental factor for investor confidence. Advances in scalability solutions and the implementation of important upgrades can increase Bitcoin's utility, and widespread layer 2 adoption will be a strong fundamental driver. The market is currently in a post-halving bull market phase, with the final halving scheduled for 2024. The reduced supply of new BTC should drive positive fundamentals due to scarcity. The regulatory and institutional environment is also a focus in the crypto market. A key assumption is that by September 2025, Bitcoin Spot ETFs in the US and other jurisdictions will have been operational for a significant period. Fund flows from institutional and retail investors through these regulated products could be the biggest driver of demand and positive fundamentals. If central banks, particularly the Fed, have reached the end of their interest rate hike cycle and are shifting their focus to rate cuts, this tends to benefit non-interest-bearing assets such as crypto. A weakening US dollar (DXY) tends to be bullish for BTC/USD. Geopolitical risks are also a concern for investors. Geopolitical uncertainty and financial crises can support BTC depending on the maturity of investors in choosing safe-haven assets at the time. Daily movements are likely driven by the release of US economic data, movements in the major stock indices S&P 500/NASDAQ, or breaking news related to regulations or institutions. A bullish scenario would be if BTC were able to break through and close above the $112k-$114k resistance level. The upward momentum would open at the $120k-$124k target. Some analysts predict this range as a medium-term rebound zone. If the Fed does indeed begin to cut interest rates, foreign and institutional capital inflows would continue. A bearish scenario would be if the critical support at $107k fails to hold, potentially leading to a deeper decline to levels like $104k or closer to $100k. Pressure from liquidations and negative policy news could accelerate the decline. The Fear and Greed Index currently shows a level of 34, according to Coinmarketcap data. This indicates the market is already at a fear level, which could lead to a correction.
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XRP has been buzzing again as traders stay hopeful while its legal battles continue, showing how community faith can keep a coin alive. Seeing that reminded me of how much weight belief and early adoption carry in this market. MIRA/USDT is now listed on BingX perpetual futures and it feels like one of those moments where early traders decide the direction. Some listings shoot up fast, some take time to settle, and others fade away. The big question is whether MIRA can grow strong enough to become a long-term player or just remain a short-term mover. Personally, I think it’s worth watching closely to see how the first few weeks play out before deciding a strategy. Still, I know some traders love diving in early because that’s where the sharpest moves often happen. Would you take that leap with MIRA right now, or wait to see if it builds real strength like XRP has shown over the years?
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