Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.
Updated Aug 29, 2025, 2:47 p.m. Published Aug 29, 2025, 2:47 p.m.
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Bitcoin Hammered Below $109K as Conference Indicator Strikes Again
Negative price action around the annual U.S.-based Bitcoin Conference has been well-documented, but it also appears to have applied to this week’s Bitcoin Asia get-together.
What to know:
- Bitcoin has shown a clear pattern of poor price performance around Bitcoin Magazine’s U.S.-based Bitcoin Conference.
- Similar action is being seen around that group’s Bitcoin Asia conference this week.
- Bitcoin has tumbled to its lowest level since July at $108,400.
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