Bitcoin (BTC) continued its downward trend on Friday, September 26, hitting a low of $108,631. This decline was influenced by the revised U.S. second-quarter GDP growth figures, which reduced expectations for significant interest rate cuts by the Federal Reserve.
The market for spot Bitcoin exchange-traded funds (ETFs) also suffered setbacks. On Thursday, September 25, there were outflows exceeding $253 million. This brought the weekly total to approximately $480 million and could increase further if prices dip below crucial support thresholds.
Prominent cryptocurrency analyst Michaël van de Poppe cautioned that resistance levels under $112,000 are unfavorable for Bitcoin in a social media update on Friday morning.
Analyzing recent quarterly data, van de Poppe suggested that failing to break through current levels might cause Bitcoin to fall towards the $107,000 mark—a point he considers as ‘the initial area where BTC might find a bottom.’
“Essentially, being below the resistance at $112K isn’t promising for Bitcoin. I anticipate we’ll test lows around $107K and evaluate what follows from there; this is potentially BTC’s first bottoming zone,” stated van de Poppe on X.
A Crucial Juncture for Bitcoin?
The Crypto Fear & Greed Index registered a score of just 28/100 on Friday—its lowest since April 11—as reported by CoinMarketCap. The index dropped by 16 points in one day alone due to heightened volatility impacting sentiment rapidly.
This drop coincided with over $150 billion being wiped off from the broader cryptocurrency market within just one day—total capitalization fell from roughly $3.90 trillion down to about $3.75 trillion at press time—with BTC experiencing losses surpassing more than$20 billion during this period.
Despite signs indicating potential bull traps ahead though Michael Pizzino highlighted via YouTube video released earlier today how while fear has indeed intensified significantly still trades remain well above previous cycle lows suggesting perhaps current run isn’t quite finished yet hence why he described it as possibly ‘the turning point both bitcoin crypto have long awaited’ when posting same thoughts onto platform X too!
MORE fear and HIGHER price.
Might this be what turns things around finally?
The analysis appears favorable but remains unconfirmed.
I delve into details here: https://t.co/FiZUJCb4Ry pic.twitter.com/PCoT7r2370 — Michael Pizzino (@PizzinoMichael) September26th2025
Looking forward traders now turn attention towards upcoming US macroeconomic releases including PMI readings scheduled late month alongside weekly jobless claims set early October both likely influencing Fed’s next steps either rekindling risk appetite testing whether recent downturn represents temporary pause within ongoing bull cycle deeper correction looming instead!