TLDR:
- Bitcoin price is testing $109K support, a level that has historically served as a backbone during bull market phases.
- A secondary support at $88K remains intact, though Bitcoin has not revisited it in recent moves this cycle.
- Current correction of 12% stays within historical patterns, with past pullbacks averaging between 20% and 25%.
- Whale accumulation, ETF flows, and oversold conditions suggest Bitcoin could rebound strongly in Q4 trading.
Bitcoin is entering another test of strength after retracing from its recent all-time highs. Traders are watching closely as the asset hovers above levels that previously defined this cycle’s bullish support.
Price action has cooled, but the market is showing resilience even after sharp pullbacks. Support levels have once again become the main focus as Bitcoin steadies. For investors, the question now centers on whether this correction sets the stage for another rally.
Bitcoin Price Support Levels Hold the Line
On-chain analyst Darkfost pointed out that Bitcoin is currently testing the short-term holder (STH) realized price.
This level, now at about $109,000, has acted as a recurring base during bull market phases. Each time the market has dipped toward it, demand has surfaced and pushed the price higher.
BTC is currently testing an important support level
the STH realized price, which has historically acted as a key support during bull phases.
The STH realized price now sits at almost $109,000 and continues to provide solid backing for the market.
This support has been… pic.twitter.com/HGABiE4rd6— Darkfost (@Darkfost_Coc) September 1, 2025
Darkfost added that another support sits lower at around $88,000. Though untouched in recent months, this level has been approached twice earlier in the cycle.
The analyst stressed that both supports have so far been respected and continue to play a role in Bitcoin’s trajectory.
Corrections often pressure these zones before the next upward swing takes hold. Historical patterns back this view, with support building strength as the bull run advances. Market participants are weighing whether the present retrace fits into this familiar framework.
Meanwhile, CoinGecko data shows Bitcoin trading at $110k, just above the $109,000 support at the time of writing. Daily gains stand at 2.1% while weekly returns are up 0.3%, hinting at an early rebound.
Current Bitcoin Price Correction Stays Within Cycle Patterns
Darkfost also compared this pullback to earlier phases of the current cycle. From the $123,000 high, Bitcoin has fallen by about 12%. That size of correction remains consistent with bull market retraces observed over the past year.
The steepest drawdown this cycle reached 28%. Average declines have ranged between 20% and 25%, meaning current weakness is still lighter than usual. According to Darkfost, this makes the correction “fairly normal” in the context of ongoing market strength.
Macro factors are also shaping the view. Analyst Ted noted that gold has steadied near $3,500 per ounce while Bitcoin has retraced. He highlighted that Bitcoin diverged from gold earlier this year when it bounced back to new highs after a steep dip.
Gold hit $3,500 in April 2025, while $BTC corrected sharply from $109k to $75k.
BTC quickly rebounded that same month, diverging from traditional risk assets and climbing to fresh all-time highs.
Now, we’re seeing a retrace from $124k down toward ~$107k, with key support levels… pic.twitter.com/8pHe7WS969
— Ted (@TedPillows) September 2, 2025
Ted pointed to whale accumulation, oversold technical conditions, and ongoing ETF inflows as factors that may fuel a fresh leg higher into Q4.
He warned that seasonal trends and ETF outflows could still delay upside momentum. Even so, his target range of $150,000 to $200,000 reflects expectations for continued growth into the year’s end.
The post Bitcoin Price Holds $109K Support, Eyes Still on $150K–$200K Targets appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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