Bitcoin Price Prediction: Sideways $110K-$112K Range Ahead
In this Bitcoin price prediction for September 6, BTC price has declined by 1.89% over the past 24 hours, trading at approximately $110,906. On the hourly chart, the bearish momentum is stronger, with BTC price nearing the $110,570 support level. If selling pressure persists, BTC price may test this support by tomorrow. Meanwhile, on a larger timeframe, neither buyers nor sellers dominate, suggesting a continuation of sideways Bitcoin price trading between $110,000 and $112,000. From a midterm perspective, traders should monitor the $107,389 level: a breakdown here could trigger a deeper correction towards $100,426. Overall, the Bitcoin price outlook remains neutral, with key support at $110,570 and resistance near $112,000 guiding short-term movements.
Neutral
The technical analysis indicates a neutral outlook as Bitcoin’s short-term decline of 1.89% and lack of directional bias on larger timeframes suggest consolidation rather than a decisive trend. Historically, similar sideways trading in the $110,000–$112,000 range has preceded either continuation of the prevailing trend or corrective reversal once key support or resistance is breached. Given current bearish momentum near the $110,570 support and resistance holding at $112,000, traders are likely to adopt a wait-and-see approach. In the short term, BTC may oscillate within this range, while a breach of the $107,389 support could trigger a deeper pullback towards $100,426. Overall, the market impact is expected to remain neutral unless a significant breakout occurs.