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Sep 04, 2025Bitcoin (BTC) traded near $110,855 on Thursday, holding a market cap above $2.2 trillion. The move comes as the U.S. dollar softened following weaker-than-expected jobs data. According to the Labor Department, job openings in July fell to 7.18 million, well below forecasts of 7.38 million, pointing to a cooling labor market.
The dollar dropped against the euro, pound, yen, and Swiss franc. Sterling advanced 0.38% to $1.3442, while the euro gained 0.34% to $1.1672. Treasury yields slipped as well, with the U.S. 10-year falling to 4.22%. Analysts said this combination reinforces expectations for Federal Reserve rate cuts later this year.
Institutional Support Expands
Institutional adoption is building the long term case for Bitcoin. Treasury, a new Euro denominated Bitcoin company, raised €126 million ($147 million) in a private deal led by Winklevoss Capital and Nakamoto Holdings. They launched with 1,000 BTC in reserves and will list on Euronext Amsterdam via a reverse merger.
Founder Khing Oei said they will add to reserves through convertible debt and equity, making BTC a treasury grade asset in Europe. Treasury joins Sequans Communications in France and Germany’s Bitcoin Group, more companies are accumulating.
Bitcoin (BTC/USD) Short-Term Analysis
On the charts, Bitcoin has broken out of the downward channel, reclaimed the 50-EMA at $110,263. RSI is above 50 and a bullish engulfing candle at late August lows is a sign of improving momentum.
If BTC maintains strength above $110,500, resistance levels at $113,576 and $116,000 come into play, with $118,600 marking the next target
Bitcoin (BTC/USD) Long-Term Analysis
The overall structure is bullish. Price is respecting the rising channel and the 50-week SMA at $95,926 is a major support zone. The 200-week SMA at $42,869 is deeper structural support. RSI is at 62, not overheated.
If BTC clears $134,487, Fibonacci extensions point toward $171,055, $231,241, and potentially $290,000 in this cycle. On the downside, $104,379 remains key support, with $89,096 and $74,732 as long-term floors that must hold to preserve the bullish setup.
Source >> Bitcoin Price Prediction: Can Treasury Inflows Drive BTC Toward $125K?