The price of Bitcoin stabilizes as attention shifts to key macroeconomic data

Bitcoin (BTC) remains stable around $110,800 this Thursday, after a slight recovery earlier in the week. Traders are taking a cautious stance ahead of significant U.S. macroeconomic data that will be released tomorrow, which could influence the Federal Reserve's monetary policy outlook, keeping crypto markets on edge. Meanwhile, spot Bitcoin ETFs continue to attract strong demand, recording inflows of over $300 million on Wednesday and extending their positive streak for the second consecutive day.

Bitcoin traders are awaiting key macroeconomic data

The price of Bitcoin started the week on a good note, slightly recovering and hovering around $110,500 this Thursday, after extending its three-week trend of lower lows since its all-time high of $124,474.

The JOLTS Job Openings data published on Wednesday indicated that the labor market is cooling, reaffirming bets that the Fed will reduce borrowing costs this month. There is a 97.6% probability that the central bank will cut rates by 25 basis points at the end of the monetary policy meeting on September 17, according to the CME Group's FedWatch tool.

Market participants expect the Fed to make at least two rate cuts by the end of 2025, which could further boost the prices of risk assets such as BTC.

Now traders are awaiting the U.S. economic agenda for Thursday, which includes the ADP report on employment in the private sector, weekly unemployment claims, and the ISM services index. However, market attention will remain focused on the publication of the monthly official employment report, as the Non-Farm Payrolls (NFP) for August are scheduled for Friday.

Institutional demand continues to strengthen

The price of Bitcoin has been supported by institutions this week. Data from SoSoValue shows that spot Bitcoin ETFs recorded a fresh inflow of $301.32 million on Wednesday after an inflow of $332.76 million on Tuesday. If the inflows continue and intensify, the price of BTC could see a greater recovery.

According to the Chainalysis 2025 Global Cryptocurrency Adoption Index published earlier this week, countries such as India, the United States, and Pakistan rank among the top three, followed by Vietnam and Brazil, indicating the countries with the best cryptocurrency adoption.

The report indicates that the Asia-Pacific region led with a 69% year-on-year growth in on-chain crypto transactions, primarily driven by India, Vietnam, and Pakistan, while Latin America followed with a 63% growth.

Moreover, Bitcoin continues to be the main entry point to the crypto economy, with over $4.6 trillion in fiat inflows between July 2024 and June 2025, double that of Layer 1 tokens (excluding BTC and ETH).

Entrepreneurs are investing 22% of their profits in Bitcoin

The financial services firm Bitcoin River published a report this week stating that many companies are allocating much more than a hypothetical 1% of their funds to Bitcoin. Companies using River allocate an average of 22% of their net income, according to a survey conducted in July 2025. The average allocation is 10%, indicating a growing base adoption.

The report also explained that 63.6% of these companies see BTC as a long-term investment, constantly accumulating without plans to sell or rebalance in the foreseeable future.

Bitcoin Price Forecast: Technical indicators show a fading bearish momentum

The price of Bitcoin slightly recovered on Monday after a correction of nearly 5% the previous week. BTC closed above the 100-day Exponential Moving Average (EMA) at $110,736 on Tuesday and found support above it the following day.

If BTC continues its recovery, it could extend the rally towards its daily resistance at $116,000.

The Relative Strength Index (RSI) on the daily chart is at 44 and is holding just below its neutral level of 50, indicating that the bearish momentum is waning. The Moving Average Convergence Divergence (MACD) lines are also converging, with decreasing red histogram bars, suggesting that a bullish crossover is likely.

However, if BTC faces a correction, it could extend the decline towards its daily support level at $105,573.