Analyst Identifies Bitcoin Buy Zone Below $107K, Schiff Criticizes Saylor

Analysts suggest a slow upward trajectory for bitcoin, with $112,000 as a critical level. CoinDesk's James van Straten likens bitcoin's potential rise to gold's performance in the early 2000s, expecting steady ETF inflows and periodic corrections of 10-20%.

Bitcoin's market structure is evolving alongside gold's repricing.
Michaël van de Poppe identifies below $107,000 as a buying opportunity and $112,000 as a key resistance level. A break above $112,000 could signal broader risk appetite and shift interest to large altcoins.
Peter Schiff challenges Michael Saylor's bitcoin strategy, emphasizing gold's liquidity advantage. He argues that large gold sales have limited market impact compared to bitcoin.

CoinDesk Research Analysis

Between Sept. 27 and Sept. 28, bitcoin traded in a narrow range around $109,156 to $109,849.
Support levels: ~$109,400–$109,575; Resistance: ~$109,750.
A close above ~$109,750 suggests movement towards $110,000–$111,000, with $112,000 as a momentum trigger.
Failure to hold above ~$109,400 could lead to testing lower support levels.
Over the past month, bitcoin has fluctuated between $109,000 and $112,000 after reaching highs near $117,000 in mid-September. Regaining $112,000 may renew upward momentum.