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Bitcoin slips to $108K, however VirtualBacon insists it’s the proper dip-buying alternative.
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Veteran dealer says Bitcoin’s 20-week SMA has repeatedly acted as dependable help zone.
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Macro backdrop robust: Fed fee cuts anticipated, liquidity may increase Bitcoin’s subsequent rally.
World’s largest cryptocurrency, Bitcoin, slipped beneath $108,500 up to now 24 hours, its lowest level in almost two months. Whereas many merchants worry that this decline alerts the beginning of a deeper correction.
But, veteran crypto dealer VirtualBacon believes the transfer is much less in regards to the bitcoin sharp dip and extra about a chance to purchase the dip.
Why This Dip Feels Completely different
Based on VirtualBacon evaluation, Bitcoin’s present degree aligns with its 20-week easy shifting common (SMA), a line that has constantly acted as a dependable “dip-buy zone” in previous cycles like in 2017, 2021, and now 2025.
He provides that so long as BTC holds above the 50-week SMA close to $95K, the bull market stays secure.
Regardless of the noise a few market high, he argues that true cycle-top alerts haven’t appeared but. “We’re removed from euphoria,” he stated, highlighting how panic is pushed extra by worry than by actual information.
Breaking Down the Bearish Indicators
The drop has sparked waves of bearish calls, with warnings about bearish divergences, slowing momentum, and even comparisons with the 2021 cycle. However VirtualBacon dismisses these alerts as deceptive.
Day by day RSI divergences often trace at short-term consolidation, not a market high. Equally, weekly slowdowns point out weaker rallies however not essentially a peak.
As for chart overlays with 2021, he reminds merchants that Bitcoin has by no means topped the identical method twice. From the 2013 double pump to the 2017 blow-off high to the 2021 rounded double, every cycle has been distinctive.
Fundamentals Help the Bulls
What strengthens his view is the macro backdrop. The Federal Reserve is anticipated to chop charges on September seventeenth, with odds at 87%. Simpler financial circumstances may push contemporary liquidity into threat belongings like Bitcoin.
Additional, VirtualBacon factors to instruments that traditionally sign cycle tops, such because the Pi Cycle High indicator, the Mayer A number of, and the Concern & Greed Index. None of them, he emphasised, suggests Bitcoin is anyplace near overheating.
7/x In the meantime, the true cycle-top instruments are quiet:
🔹Pi Cycle High → not till $188K+
🔹Mayer A number of → removed from overheated
🔹Concern & Greed → impartial 50We’re miles away from euphoria. pic.twitter.com/rBbFYNE39z
— VirtualBacon (@VirtualBacon0x) August 29, 2025
Purchase The Dip
Mixed with BTC holding at a significant help zone, VirtualBacon views the dip as an accumulation alternative, relatively than a promote sign. Even Binance founder CZ weighed in, urging merchants to “cease promoting dips.”
He units a transparent line within the sand at $95K. So long as Bitcoin stays above it, the bull run is alive.
As of now, BTC is buying and selling round $108,453, reflecting a 1.5% drop within the final 24 hours, with a market cap of $2.16 trillion.
