Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on China tax cuts. Data from Cointelegraph Markets Pro and TradingView followed a BTC price uptick into the day’s Wall Street open. BTC/USD managed $26,226, marking its highest levels since Aug. 25.Michaël van de Poppe, founder and CEO of trading firm Eight, flagged the 200-week exponential moving average (EMA) at around $25,700 as a key support zone to protect. He suggested that if the 200-Week EMA sustains, conclusions are that we’re bottoming out here and we are potentially getting a massive entry point. If it’s lost, he suggested looking at a case of $19,500-21,500 as the next big entry point and final capitulation.Popular trader Titan of Crypto meanwhile highlighted $25,900 as a prominent zone of interest. Fellow trader Pheonix referenced persisting low levels on Bitcoin’s relative strength index (RSI) on lower timeframes. Depending on the timeframe in question, these reached levels not seen in five years after the 10% BTC price dip ten days ago.

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Information	Details
Geography	Global
Countries	🇨🇳 🇺🇸
Sentiment	neutral
Relevance Score	8
People	Michaël van de Poppe, Titan of Crypto, Pheonix
Companies	Titan of Crypto, X, Cointelegraph Markets Pro, TradingView, Pheonix
Currencies	ethereum, bitcoin
Securities