According to @CryptoMichNL, BTC remains in a slight downtrend and is working toward a correction bottom (source: @CryptoMichNL on X, Aug 30, 2025). He adds the correction is not finished yet and a decisive end would require a breakout above 112,000, a level that was rejected the day before (source: @CryptoMichNL on X, Aug 30, 2025).