Bitcoin price prediction: BTC momentum improves, yet volume and interest thin out

Traders Union
All News
Crypto
Bitcoin rebounds 4% amid weak open interest

All news

Top Stories

Editors' Picks

Stocks

Crypto

Financial News

Currencies

Commodities

Companies

Central Banks

Sholanke Dele

28.08.2025

Bitcoin price prediction: BTC momentum improves, yet volume and interest thin out — Bitcoin trims weekly losses

Bitcoin price is holding on to a fragile recovery after rebounding from a seven-week low of $108,700 reached on Tuesday. The rebound has developed into a channel-like intraday uptrend that has stretched across the Asian session and carried into New York midnight trading. This effort lifted Bitcoin to a three-day high of $113,200 in early Thursday trade. At this stage, daily gains stand at 1.3%, though the advance is constrained by a notable lack of fresh participation in open interest.

• Bitcoin recovery stalls at $113,200 as Fibonacci and EMA cap gains.

• BTC open interest is flat, raising doubts about traders’ commitment to a rebound.

• Bitcoin momentum improves, but the sentiment index falls to 45, showing caution.

The uptrend since Tuesday’s low has lifted price by more than 4%, trimming the week’s cumulative loss to just 0.3%. Yet the underlying structure of the week is still negative, as Bitcoin has not recovered the level where it began the week at $113,480. That pivot carries particular weight for short-term traders, since reclaiming it would turn the week’s trajectory back into net gains. The hesitation in open interest suggests that traders are not yet committing to this possibility, leaving Bitcoin balanced between recovery and relapse.

Bitcoin price dynamic (July - August 2025). Source: Tradingview

Daily traded volume has also been thinning since Tuesday’s low, raising questions about the sustainability of the current rebound. At the same time, sentiment indicators from the Binance platform show a tilt toward fear. The Binance fear and greed index has dropped to 45 from 47 a day earlier, reflecting a subtle but steady erosion in confidence.

BTC faces rejection at Fibonacci 50% and 50 EMA convergence zone

On the four-hour chart, the retracement rally is facing resistance at the Fibonacci 50% level of the recent bearish swing that began last weekend. This same region is reinforced by the four-hour 50 exponential moving average at $113,200, a convergence that has so far blocked Bitcoin from advancing further. Until this barrier is cleared, the market will struggle to shift the weekly narrative.

Momentum indicators, however, provide a contrasting view. The four-hour relative strength index has climbed above neutral into bullish territory, reflecting short-term strength. If momentum persists, it increases the probability of a break above the 50 exponential moving average. Such a move would pave the way for a test of the weekly opening level at $113,480, the decisive point for flipping the week into gains.

Otherwise, if a pullback unfolds, support is expected near the 20 exponential moving average, which aligns with the Fibonacci 38.2% retracement. A failure to hold that zone would damage the short-term bullish structure and risk exposing Bitcoin to another down leg, potentially revisiting levels below the recent $108,700 low. This makes the next sessions critical in deciding whether Bitcoin can convert its intraday recovery into a more lasting shift in weekly momentum.

Bitcoin tested $110,850 support after ETF outflows kept downside risks alive. BTC faded below $113,500 weekly open as weak sentiment pressured recovery.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.