Bitcoin stalls at $114K resistance despite the U.S.–EU trade deal.
Bitcoin is trading in a tight range right around $114,000, and the mood out there feels tense. Big headlines like the new U.S.–E.U. trade agreement barely budged crypto markets. Bitcoin shrugged it off and stayed glued to key resistance. In fact, traders and chart-watchers are now all eyes on whether BTC can make a clean break above that level or if it’s gearing up for a deeper dip.
Bitcoin’s ability to push past $114K has become something of a make-or-break moment. Even a favorable policy or macro surprise isn’t moving the needle much. What matters now is what happens at the charts, especially with support thinning out below current levels.
Can $114K Hold as Resistance?
Data from Cointelegraph Markets Pro and TradingView show Bitcoin persistently bumping its head at $114K. That level is acting like a wall, and without a clear breach, short-term downside looks likely. One well-followed analyst, Rekt Capital, didn’t mince words. Bitcoin is rejecting that zone on the daily timeframe and needs to fall below it convincingly for a sustained move lower. The closing price of the weekly candle relative to $114K holds a lot of weight now.
Another trader, Daan Crypto Trades, put it this way: if Bitcoin slips below the $109,850–$111,900 area, the structure starts to look fragile. That’s not just about a range; it’s about confidence in whether Bitcoin can keep holding short-term support without unraveling.
Why the U.S.–E.U. Trade Deal Didn’t Move the Needle
You’d expect a big trade pact like this to light up risk assets. But instead, Bitcoin sat on its hands. The markets seem more tuned in to the Fed’s upcoming Jackson Hole gathering than trade headlines. Rate-cut expectations for September have faded, and that’s reshaping sentiment more than any trade agreement can.
That doesn’t mean the deal has no impact; it could be a backdrop for sentiment. But for now, it’s like a quiet hum in the background while traders wait for the main event: what Jerome Powell will say next.
Liquidity Below: Is It Enough to Catch a Fall?
There’s some safety net, or liquidity, lined up just below key lows. That gives Bitcoin some cushion, but if it slips beneath that zone, the setup starts to look vulnerable. Without that buffer, we could see a sharper downturn.
On the flip side, traders are watching how futures and leverage are positioned too: if things unwind rapidly, we could see a cascading effect. Support zones and bid walls are holding the line, but only just.
Macro Markets Mirror Bitcoin’s Uncertainty
It’s not just Bitcoin that’s pausing. U.S. equities barely flinched when the trade deal dropped. Both the S&P 500 and Nasdaq remain grounded, as focus shifts to Fed policy over trade wins. A lot of investors are repositioning based on what Powell might say about whether a September rate cut is still on the table or off the table.
Heading Into Jackson Hole: What to Look For
- Will Bitcoin finally punch above $114K or break down below support?
- Is liquidity strong enough to absorb a slip, or will crypto drawdowns follow equity moves?
- What kind of tone will Powell strike? Hawkish would weigh on BTC; dovish could spark relief rallies.
- How are futures and funding rates shaping up? They could add fuel to either side.
Summary
Bitcoin’s stalled out around $114,000 despite the U.S.–E.U. trade deal. That alone shows just how much sentiment has shifted to federal policy risk over headline news. The real battle is at that $114K threshold. If Bitcoin can't push through, the downside risks look real. But if it can and finds support below, momentum could shift quickly. In this kind of setup, timing and tone from the Fed could make all the difference.
