Bitcoin price today: BTC is trading around $109,199 and is slightly up as most altcoins decline, according to CoinStats; watch the $107,303 support and the $110,000 resistance for near-term direction.
BTC near-term levels: $107,303 support, $110,000 resistance
Most altcoins are falling on September 1, per CoinStats; Bitcoin is one of few gainers (+0.57%).
Hourly ATR largely consumed; low probability of sharp moves within 24 hours.
Bitcoin price today: BTC at $109k, support $107,303 — quick analysis and levels to watch. Read now for trading insights.
What is the Bitcoin price today and why does it matter?
Bitcoin price today is approximately $109,199, a modest intraday rise of 0.57% while most other coins decline, per CoinStats. This level matters because it sits near the mid-channel and above the $107,303 support, indicating potential for a measured move toward $110,000 if daily structure holds.
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The market shows muted volatility: the hourly chart places BTC closer to resistance than support, and the daily Average True Range (ATR) suggests limited room for large intraday swings.
On September 1, Bitcoin posted a small gain of 0.57% while the broader crypto market softened, according to CoinStats. Short-term charts show BTC nearer resistance than support and the daily ATR largely exhausted, reducing the likelihood of sharp moves overnight.
On larger time frames, BTC recently bounced from the key support at $107,303. If the daily candlestick closes materially above that area, an upward extension to the $110,000 zone becomes probable.
From a midterm perspective, Bitcoin sits near the center of a broad trading channel. Neither buyers nor sellers have clear control, which generally keeps volatility subdued unless a decisive breakout occurs.
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Source: https://en.coinotag.com/coinstats-bitcoin-could-approach-110000-if-daily-close-holds-above-107303-amid-coin-declines/