Bitcoin (COIN:BTCUSD) pushed higher on Wednesday, September 3, 2025, breaking out of its recent downtrend and reclaiming key technical levels. The world’s largest cryptocurrency traded at $111,486 by 8:30 a.m. Brasília time, up 1.4% over the past 24 hours, after swinging between $108,538 and $111,653.
On the hourly chart, BTC has recovered the psychological $110,000 support and is consolidating sideways. The next resistance sits at $112,000, with $115,500 marked as a potential upside target if momentum builds.
Technical indicators suggest room for further gains: the relative strength index (RSI) at 57 remains below overbought territory. Still, weakening volumes hint that buyers may need stronger catalysts to drive a breakout. A slip below $110,000 could see the token revisiting $108,500, testing the upper band of the former channel.
Analysts noted that Tuesday’s close above the main trendline — the first since August 13 — adds weight to a reversal scenario, suggesting that the correction phase may be ending and accumulation patterns are forming.
Institutional interest continues to support the rally. MicroStrategy (NASDAQ:MSTR), under Michael Saylor, disclosed the purchase of 4,048 BTC for $449.3 million at an average price of $110,981. Its holdings now total 636,505 BTC worth about $46.95 billion.
Meanwhile, spot Bitcoin ETFs logged $332.7 million in net inflows on Tuesday. Fidelity’s (AMEX:FBTC) fund topped the list with $132.7 million, followed by BlackRock’s (NASDAQ:IBIT) at $72.8 million. Ethereum products moved in the opposite direction, recording $135.3 million in net outflows.
The renewed momentum comes as Bitcoin reinforces its role as “digital gold.” With traditional gold breaking records above $3,500 an ounce, institutional investors are increasingly turning to BTC as a hedge against macroeconomic uncertainty.
So far this year, cryptocurrency investment products have attracted $35.5 billion in inflows, up 58% compared with the whole of 2024.
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