In the ever-volatile world of cryptocurrency trading, Bitcoin (BTC) continues to captivate traders with its ongoing correction phase, as highlighted by prominent analyst Michaël van de Poppe. According to his recent insights shared on August 30, 2025, the overall trend for Bitcoin remains slightly downward, with the leading cryptocurrency actively seeking a bottom in its current corrective move. This analysis comes at a critical juncture for BTC traders, who are closely monitoring key resistance levels to gauge potential reversal points. Van de Poppe emphasizes that the correction isn't over yet, pointing to a clear rejection at the $112,000 level just yesterday, which triggered a subsequent fall. This rejection underscores the importance of watching for a decisive break above $112K as a signal that the downward pressure might be easing, potentially opening doors for bullish momentum in the Bitcoin price chart.

Analyzing Bitcoin's Current Price Action and Key Support Levels

Diving deeper into the trading dynamics, Bitcoin's price movement on August 29, 2025, showed a stark rejection at the $112,000 resistance, leading to a pullback that has kept the market in a cautious stance. Traders should note that this level has acted as a formidable barrier, with BTC failing to sustain gains above it, resulting in increased selling pressure. From a technical perspective, the cryptocurrency is now probing for support around lower levels, potentially in the $100,000 to $105,000 range, based on historical patterns observed in previous corrections. Without real-time data to pinpoint exact intraday lows, the sentiment leans towards further downside risks unless buying volume surges. For active traders, this setup presents opportunities in short-term scalping strategies, where monitoring the 4-hour and daily charts for candlestick patterns like hammers or dojis could signal a bottom formation. Moreover, on-chain metrics such as transaction volumes and whale activity should be tracked, as a spike in large transfers often precedes major shifts in Bitcoin's trajectory.

Trading Strategies Amid Bitcoin's Downward Trend

For those looking to capitalize on this phase, risk management is paramount. Consider setting stop-loss orders below potential support zones to mitigate losses if the correction deepens. If Bitcoin manages to break and close above $112,000 on significant volume, it could invalidate the bearish outlook and target higher resistances around $120,000, drawing in more institutional flows. Conversely, a failure to hold current supports might see BTC testing $95,000, a level that has provided bounces in past cycles. Traders are advised to watch correlated assets like Ethereum (ETH) and major altcoins, as a broader market downturn could amplify Bitcoin's losses. Institutional interest remains a key driver; recent reports indicate steady inflows into Bitcoin ETFs, which could provide underlying support even amid corrections.

Shifting focus to broader market implications, this Bitcoin correction aligns with global economic uncertainties, influencing cross-market trading opportunities. For instance, stock market volatility, particularly in tech-heavy indices like the Nasdaq, often correlates with crypto movements. If equities face downward pressure from interest rate hikes or geopolitical tensions, Bitcoin could see amplified selling. However, savvy traders might explore hedging strategies, such as pairing BTC shorts with long positions in AI-related tokens, given the growing intersection of artificial intelligence and blockchain. Tokens like FET or RNDR could benefit from positive AI news, offering diversification. Overall, the current setup demands patience; waiting for confirmation above $112K before going long could prevent premature entries. In terms of market sentiment, social media buzz and fear/greed indexes are tilting towards fear, suggesting a potential capitulation bottom soon.

Long-Term Outlook and Risk Considerations for BTC Traders

Looking ahead, van de Poppe's view that the correction persists until a $112K breakout resonates with long-term holders. Historical data from 2021 bull runs shows similar rejections leading to deeper pullbacks before explosive rallies. Traders should incorporate fundamental analysis, such as upcoming halving events or regulatory developments, into their strategies. For now, with no immediate catalysts, the focus remains on technicals. Volume analysis is crucial; yesterday's rejection saw elevated trading volumes, indicating strong seller conviction. If volumes taper off at lower levels, it might signal exhaustion. In conclusion, Bitcoin's path forward hinges on reclaiming key resistances, offering traders a mix of risks and rewards in this dynamic market. By staying informed and disciplined, one can navigate these waters effectively, potentially turning corrections into profitable setups.