The price of Bitcoin has had a mixed performance so far in 2025, falling to a low of around $74,000 in the first quarter of the year. The premier cryptocurrency has since set multiple all-time highs above the $120,000 mark over the past few months. However, while the Bitcoin price seems to have fallen into a consolidation phase in recent weeks, the general feeling in the market has always been that there remains an upside potential for the market leader. Galaxy Digital CEO Mike Novogratz has come forward to echo these sentiments while identifying the “biggest catalyst” to kickstart a potential rally. ‘Exceptionally Dovish’ Fed Chair Could Guide BTC To $200,000: Novogratz In a recent interview with Kyle Chasse on YouTube, Novogratz shared that the next major move for the Bitcoin price could hinge on the potential replacement of US Federal Reserve (Fed) Chair Jerome Powell. According to the Galaxy Digital CEO, the BTC price could go on a significant rally if the next Fed chair is exceptionally dovish. Related Reading: The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold Novogratz revealed that the appointment of a dovish Fed chair is the potential biggest bull catalyst for Bitcoin and the crypto market. The CEO affirmed that the conversation changes for the world’s largest cryptocurrency, which could reach as high as $200,000, if there is a leadership change. For context, a dove refers to a policymaker or advisor (typically in the Federal Reserve) who takes a looser monetary stance, including interest rate cuts, in a bid to grow the economy. The US Fed cutting interest rates is usually bullish for crypto and other risk assets, as it means that traditional investment instruments like bonds offer less lucrative returns. Hence, investors tend to flock to digital assets and the equities market. However, Novogratz noted the potential impact of aggressive rate cutting on the US dollar. While lower interest rates are usually positive for risk assets like Bitcoin, it has the opposite effect on the dollar market. The Federal Reserve announced a rate cut of 25 basis points (25bp) after the Federal Open Market Committee (FOMC) meeting in September. This decision—first of its kind this year—is expected to be the first of a couple more rate cuts to come before the end of 2025. Bitcoin Price At A Glance While the Bitcoin price responded positively to the Fed’s decision to cut rates in September, the premier cryptocurrency has struggled to build on the macro-driven momentum. As of this writing, BTC is valued at around $109,570, reflecting a mere 0.1% decline in the past day. Related Reading: Bitcoin Bull Run Is Over? These Signals Show Where The Market Is At Featured image from iStock, chart from TradingView
After what seemed like a strong start to September, the Bitcoin price is pretty much back where it began the month. With the historically bullish “Uptober” now in sight, investors are hoping that the premier cryptocurrency will be able to find some relief and perhaps enjoy some upward momentum in the coming weeks. However, the latest on-chain revelation suggests that the Bitcoin price is at risk of further downward pressure over the next few weeks. According to a prominent analyst on social media platform X, the market leader has fallen below a crucial level, which could trigger a further 10% price drawdown. BTC To Enter ‘Correction Process’ In Next 2-3 Months? On-chain analyst Burak Kesmeci took to the X platform to share an update on the Bitcoin price in relation to the Short-Term Holder (STH)’s Realized Price. According to the crypto pundit, the BTC price has now broken beneath the STH Realized Price—around $111,500—for the fourth time this year. Related Reading: Bitcoin Bull Run Is Over? These Signals Show Where The Market Is At For context, the Short-Term Holder Realized Price is a metric that estimates the average price at which Bitcoin short-term investors (holding for less than 115 days) purchased their coins. Because it represents the average cost basis of this relevant investor cohort, the STH Realized Price often acts as a dynamic support and resistance level. Kesmeci revealed that the Bitcoin price had previously fallen below the STH Realized Price three times so far during this bull run, which started in November 2022. According to the on-chain analyst, the market leader entered a consolidation phase when this happened the past three times. In the first incident of BTC slipping beneath STH Realized Price, the Bitcoin price witnessed an over 8% decline between August and October 2023. Meanwhile, the flagship cryptocurrency’s value declined by more than 13% between June 2024 and October 2024 in the second occurrence. Most recently, the market leader dipped almost 8% between February and April 2025 when the Bitcoin price fell below the STH Realized Price. Kesmeci highlighted that, on average, these consolidation phases lasted 77 days and each resulted in an almost 10% loss in BTC’s value. Kesmeci concluded that the Bitcoin price could enter a consolidation/correction phase if it does close the week and perhaps the month beneath the STH Realized Price around $111,500. And if history does repeat itself, investors could see the market lose as much as 10% over the next two to three months. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $109,538, reflecting no significant change in the past 24 hours. Related Reading: Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability Featured image from iStock, chart from TradingView
The price of Bitcoin has been under intense bearish pressure over the past week, falling below the $110,000 mark on Thursday, September 25. While the premier cryptocurrency has managed to stop bleeding in the past day, the BTC price has struggled to reclaim the psychological $110,000 level. Interestingly, the latest readings of a technical analysis indicator suggest that the Bitcoin price might have just reached a bottom and could be ready for a rebound. Has The Bitcoin Price Reached A Bottom? In a September 26 post on the X platform, a crypto analyst named after the renowned economist Frank Fetter revealed that the price of Bitcoin might have just entered a buy zone. This price projection is based on the relative strength index (RSI) indicator on the daily BTC price chart. Related Reading: Dogecoin Bullish Again? $10 Million Stock Buyback Sparks Fresh Price Hopes The relative strength index is a momentum indicator used in technical price analysis to assess the magnitude and speed at which an asset’s price changes. The RSI oscillator is usually used to analyze whether a crypto asset (Bitcoin, in this case) is being overbought or oversold, suggesting a possible price or trend reversal. When the relative strength index breaks above 70, it typically indicates an overbought market condition, with the asset’s price likely to face selling pressure. Meanwhile, an RSI value below 30 implies that the market is in an oversold condition, with price on the verge of a potential rebound. According to Fetter, the Bitcoin relative strength index on the daily chart has fallen to its lowest level since the April price bottom of $74,000. This price downturn, which was triggered by the tariff war between the United States and China, saw the RSI oscillator fall beneath the 30 threshold in March. Since bottoming out at the $74,000 mark and the RSI low in April, the Bitcoin price has since gone on to set multiple all-time highs. If history is anything to go by, there is a chance that the flagship cryptocurrency could find support at its current price and run up to a new high. As of this writing, BTC is valued at around $109,331, reflecting a mere 0.2% jump in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 5% on the weekly timeframe. Crypto Market Enters ‘Fear’ Zone The crypto Fear & Greed Index is another signal suggesting a buy opportunity in the Bitcoin market at the moment. According to the latest on-chain data from Alphractal, this metric has dropped to 28, signaling strong fear amongst digital asset investors. Related Reading: The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold Meanwhile, the Fear & Greed Index of the stock market is at a neutral level, meaning that pessimism has yet to hit the traditional markets. With the crypto Fear & Greed Index at its lowest level since April 2025, the divergence from the traditional markets suggests potential accumulation opportunities in the digital asset market. Featured image from iStock, chart from TradingView
Market expert Tony Severino has raised some concerns with the current Bitcoin price action on the weekly chart. This comes as the flagship crypto trades below $110,000, with predictions that it could further drop below the psychological $100,000 level. Bitcoin Price Forms Bearish Pattern On Weekly Chart Severino revealed in an X post that the Bitcoin price is potentially forming an Evening Star pattern on the weekly chart, something he is wary of. He noted that this pattern is forming right at the Bollinger Band basis line, at around $111,600, during the tightest BB squeeze in BTC’s history. Related Reading: Bitcoin Bull Run Is Over? These Signals Show Where The Market Is At The market expert had earlier revealed that the Bitcoin price’s weekly Bollinger Bands are officially the tightest in the entire history of BTCUSD price action. Essentially, BTC is currently trading within a tight range, indicating low volatility. Severino’s accompanying chart shows that the upper BB is at around $122,000, the basis BB is at $111,600, while the lower BB is at $101,000. Meanwhile, the Evening Star pattern suggests that the bears are taking control from the bulls, putting the Bitcoin price at risk of a further downtrend. With the Bollinger bands being this tight, Severino may be cautious of how this could lead to a BTC decline to the lower BB basis. Crypto analyst Bob Loukas confirmed that the bears are in control and indicated that BTC could still drop below $100,000. He noted that the Bitcoin price is looking to print its Weekly Cycle Low, although he opined that BTC is holding up well despite the current downtrend. The analyst declared that a rally to $118,000 will confirm the start of a new cycle. Until then, the bears will remain in control. His accompanying chart showed that the flagship crypto could risk dropping below $100,000 during this period when the bears are in control. However, in the long run, Loukas still expects the Bitcoin price to rally to as high as $140,000. BTC Needs To Reclaim $116,300 Crypto analyst Ali Martinez also warned that the Bitcoin price needs to reclaim $116,300 or risk dropping as low as $94,334 based on the Pricing Bands. He had earlier stated that $107,200 is the crucial support for Bitcoin. The analyst claimed that a drop below that support level would put $100,000 or even $93,000 in play. Related Reading: These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over Meanwhile, crypto analyst Titan of Crypto noted that the Bitcoin price has broken below the trendline at $110,000. He remarked that confirmation is still needed and that the lagging span must follow to validate this bearish move. However, the analyst is one of those who doesn’t believe that BTC has topped, noting that the market is in a period of fear and that this has never marked the cycle top. At the time of writing, the Bitcoin price is trading at around $109,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s market structure is showing signs of cycle alignment that could delay a true bottom until October. As technical signals converge, the focus shifts to whether this timing will mark a deeper continuation of the correction or the groundwork for a stronger rebound. Macro Picture Remains Bearish With $99,000 Target In a new insight shared on X, analyst TARA provided an update on Bitcoin’s price action, stating that “the fight continues” and that the internal “waves are such a mess right now.” The current situation reflects a highly complex market environment where the short-term and mid-term technical signals are contradictory: the immediate trend is categorized as bullish, while the medium-term outlook remains bearish. Related Reading: Bitcoin Loses $110,000 Support But Risk Signal Says Market Is Safe – Details The analyst noted that Bitcoin found support at a critical technical cluster defined by a 0.618 extension and a specific 0.854 support level, a confluence that indicates buyers stepped in decisively. TARA emphasizes the significance of this hold, stating that if Bitcoin had dropped any lower, it would have “invalidated any short-term bullish scenarios. Despite the short-term strength, Bitcoin has yet to test the resistance, which is now identified at $114,400. TARA points to this level as the immediate target if the price can successfully turn around and continue its current upward trajectory. However, TARA concludes with a strong reminder about the macro trend, which remains bearish, with the full target for this entire correction remaining at approximately $99,000. Time Cycles Point To Bearish TK Cross Formation Dr. Cat, in a recent update, explained that a renewal of the September 25th low at $108,652 after September 28th would be a critical signal for Bitcoin. Such a move would indicate a continuation of the bearish trend, suggesting that the market may not find a bottom before October 1st, with the possibility extending toward October 3rd (±2 days) based on the daily chart outlook. Related Reading: Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything If the low is revisited, it would likely cause the Kijun Sen to turn downward, setting up a valid bearish Tenkan-Kijun (TK) cross. Meanwhile, the Chikou Span (CS) is also positioned in a way that shows it is preparing for its own bearish cross, further reinforcing the possibility of continued downside pressure. Dr. Cat reminded followers of a prediction made roughly three weeks earlier, where the analyst stated that the market bottom should not be expected before October. That earlier analysis was grounded on the monthly chart. Now, the daily chart appears to be coming into alignment with the monthly outlook. If Bitcoin does in fact renew the September low within the stated timeframe, this would likely serve as the trigger confirming the bearish continuation. Featured image from Pixabay, chart from Tradingview.com
Over the last week, Bitcoin (BTC) investors witnessed a heavy market decline as prices crashed by over 5%. This negative performance has moved Bitcoin below $110, 00, pushing the asset near price lows seen in August. As expected, there are also growing implications of this price drop as analysts speculate it could be either another correction or the start of a bearish market. Notably, the X analysis platform, Swissblock, has shared some important market insights that support the steadiness of the present bullish market. Related Reading: The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold Risk Off Signal Indicates No Danger As Bitcoin May Be Ready For Final Round In an X post on September 26, Swissblock provides a vital on-chain analysis that suggests the Bitcoin bullish structure remains intact despite recent market losses. This insight is based on the risk-off signal, which indicates that Bitcoin has yet to enter a high-risk regime —a move that would instantly confirm a change in market trend. As the market remains in a low-risk regime, Swissblock investors expect the bullish structure to start recovering and form a price bottom once market momentum begins to surge again. This recovery likely begins when Bitcoin reaches its immediate support level at $108,000. In this case, Swissblock predicts a new leg higher to be largely driven by institutional demand. While September’s price performance has fared better than expected, ETF inflows reduced in the second half of the month, indicating the need for renewed market institutional interest. The need for heightened institutional demand is further intensified, considering that long-term Bitcoin holders continue to significantly reduce their holdings. Swissblock has described this activity as a “classic late-cycle behavior”, which points to the end of a market cycle. However, the lack of a high-risk signal negates this indicator at the moment and presents the opportunity for institutions to step in to mop up the growing supply. Related Reading: Ethereum Stuck Below $4,060: A Fakeout Or Fresh Leg Down To $3,600? Bitcoin Q4 Pump Loading? In other news, crypto analyst Lark Davis has stated that Bitcoin’s net negative performance in September is a classic market pattern that usually results in a bullish price surge in Q4. Notably, the premier cryptocurrency declined by 8% in September 2023, followed by a 77% price rise in Q4. Likewise, prices dropped by 18% in September 2024, before surging by 101% in the following three months. Over the past eight days, Davis notes that Bitcoin is down by 8% setting up what appears to be a typical “rektember” playbook. Therefore, investors may begin to position themselves for another significant price leap. At press time, Bitcoin trades at $109,401 with a minor 0.11% gain in the past day. Meanwhile, the daily trading volume is down by 19.16% and valued at $60.52 billion. Featured image from Pexels, chart from Tradingview
A recent report from Bloomberg has unveiled a striking decline in corporate investment in crypto treasuries, highlighting a significant shift in this new trend that has considerably taken the market by storm throughout the year. Purchases by publicly traded digital-asset treasuries have plummeted dramatically, from 64,000 Bitcoin (BTC) in July to just 12,600 in August, with September’s figures currently at around 15,500. This drop represents a major 76% decrease from the fervor of early summer. Crypto Treasury Firms Valuation Sinks The broader cryptocurrency market has faced additional challenges, with Bitcoin experiencing nearly a 6% decline over the past week, exacerbated by a broader selloff characterized by sudden liquidations. Shares in some treasuries that previously raised capital through PIPE (Private Investment in Public Equity) deals have seen valuations plummet, with some trading down as much as 97% below their initial issuance prices. Related Reading: Dogecoin (DOGE) On The Brink Of A Major Breakout: 800% Rally In Sight One of the reasons behind this shift is regulatory scrutiny, with reports indicating that US authorities are now investigating “unusual trading activity” within digital-asset treasury shares ahead of their acquisitions. Markus Thielen, head of 10x Research, alleges that there is limited transparency regarding the crypto acquisition prices of the underlying tokens and the actual share counts, particularly since many PIPE deals include warrants that complicate matters with their volatility and dilution effects. The valuations of some treasury firms, which once enjoyed high market premiums, have drastically declined, with their market value approaching the actual Bitcoin they hold. This shift is measured by the market-cap-to-NAV (net asset value) multiple, which now reflects a concerning trend: the disconnect between stock prices and the value of Bitcoin reserves is closing. Diminished Institutional Support As corporate buyers retreat, Bloomberg asserts that the crypto market is experiencing a “feedback loop” that diminishes institutional support. The report alleges that this absence of a stable capital source undermines demand, leading to a more precarious market environment. The current landscape has given rise to a “two-speed market.” On one hand, derivative markets exhibit significant stress, with demand for longer-dated futures collapsing and $275 million worth of Bitcoin longs liquidated in just 24 hours. Related Reading: Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability Conversely, crypto-related products continue to attract investment, as evidenced by the iShares Bitcoin Trust exchange-traded fund (ETF), which garnered $2.5 billion in inflows in September, a substantial increase from $707 million the previous month. Jeff Dorman, chief investment officer at Arca, emphasized that the current weakness in the crypto market is likely a consequence of diminished activity from digital asset treasuries rather than a direct cause of selling pressure. The reduction of these major buyers, he contends, has created a more cautious market environment. Featured image from DALL-E, chart from TradingView.com
The cryptocurrency derivatives market has been hit hard by the latest bearish continuation in Bitcoin and others as mass liquidations have hit exchanges. Crypto Liquidations Have Neared $1 Billion Over The Last 24 Hours According to data from CoinGlass, a massive amount of liquidations have occurred in the cryptocurrency derivatives market during the past day. A “liquidation” occurs when an open contract exceeds a certain loss threshold defined by the exchange and undergoes forceful closure. Related Reading: Chainlink (LINK) Triangle Setup Points To $100, Says Analyst Due to the volatility that Bitcoin and other assets have experienced over the last 24 hours, a huge amount of contracts have crossed this threshold. Below is a table that breaks down the relevant numbers related to these liquidations. As is visible, cryptocurrency liquidations have totaled at $967 million inside this window, which is a pretty significant amount. Since the price action in the past day has majorly been in the bearish direction, the positions most affected would be the bullish bets. And indeed, as the data shows, $849 million of the liquidations, representing almost 88% of the total, involved long investors. Ethereum has recently been dominating speculative activity in the market, and it seems the asset has topped the charts during this derivatives flush as well, with $309 million in liquidations. Bitcoin has come second with around $246 million. A mass liquidation event like this latest one isn’t a rare occurrence in the cryptocurrency sector, mainly due to two reasons: coins can be volatile on the regular and extreme amounts of leverage can be easily accessible. Such an event, where a cascade of liquidations occurs, is known as a squeeze. As longs were the party most seriously affected in the latest squeeze, the event would be termed as a long squeeze. This is the second long squeeze that the market has suffered this week, with the other one arriving during Bitcoin’s Monday plummet to $112,000. Here is a chart shared by on-chain analytics firm Glassnode that shows how the previous long squeeze compared against this latest one for Bitcoin: According to Glassnode, the two large long squeezes could actually help prevent more such events in the near future. “This flush of leverage reflects a broad deleveraging event, often resetting market positioning and easing the risk of further cascades,” explains the analytics firm. Related Reading: Dogecoin Down 18%, But Whale Withdraws 122 Million DOGE From Binance It now remains to be seen whether the liquidations will be enough to bring a calm to the market, or if there is more volatility ahead for Bitcoin and others. Bitcoin Price At the time of writing, Bitcoin is trading around $109,200, down more than 6% over the last week. Featured image from Dall-E, CoinGlass.com, Glassnode.com, chart from TradingView.com
Bitcoin and Gold as stores of value often boil down to a single, critical distinction in the digital era of mobility. This portability transforms BTC from just a digital gold narrative into a living, breathing monetary network that gold can never match. According to mhar_leeck’s perspective on X, the true evolution of BTC lies in its capacity as a platform for innovation, to move, evolve, and even teach. Unlike gold, which stays locked away, this narrative confines the asset to a passive role. The Build on Bitcoin (BOB) layer 2 solution is presented as the crucial technology that enables this shift. Build On Bitcoin Powering The Narrative Furthermore, by creating a new, more expressive layer on top of BTC, BOB turns the theory of a programmable BTC into a practical reality. This combination is often referred to as a hybrid L2, which allows builders to transition from simply reading about decentralized finance (DeFi) to experimenting, testing, and creating in real-time. Related Reading: Bitcoin Poised To Rival Gold In Central Bank Vaults By 2030: Deutsche Bank The unlocking of BTC’s liquidity extends beyond its use in high-throughput applications. It is about unlocking a space for true innovation, where every project sparks, and momentum keeps building. Mhar_leeck noted that the most exciting next chapter for BTC is not about simply holding the asset, but about actively building on it. Crypto Sinan has also stated that he has been in BOB for a while now, and the ride has been nothing short of exciting. The promise of BTC actually working across DeFi with one click highlights the focus on user experience, and no wrapped tokens or shady bridges that introduce new trust assumptions. However, by bridging the liquidity of both BTC security and ETH-grade flexibility, BOB opens the door to a wide range of yield-generating opportunities. As a result of allowing native BTC moves to earn multichain yield without the risks of opaque wrapping solutions, and a growing community that feels like it is building the future in real-time. “If you still think BTC is only a static store of value, maybe BOB is the place where you will finally see the digital gold become productive gold.” Crypto Sinan mentioned. The Biggest Profit-Take In Bitcoin History Bitcoin continues to experience bearish action, impacting investors’ sentiment. Niels, the co-founder of Tedlabsio, has revealed that Bitcoin’s Long-Term Holders (LTHs) are cashing in a historic amount of coins than ever before. Related Reading: Bitcoin Is Not Done Yet Despite Price Crash To $112,000, Here’s Why In this cycle, BTC Long-Term Holders have realized a record amount of profit, totaling an enormous 3.4 million BTC, larger than the profit realized in any previous bull run. However, in past cycles, sell pressure has barely dented the price structure, which signifies that despite seasoned investors taking record profits, the underlying demand is absorbing it all. Featured image from Pixabay, chart from Tradingview.com
Bitcoin (BTC) has entered a critical phase in its cycle, prompting analysts to debate whether the long-standing bull run is finally nearing its peak. With volatility tightening and historical cycle data indicating a potentially explosive breakout, market experts are closely watching the next few weeks for signals that reveal the market’s current position and future direction. Bitcoin Bull Run Cycle Nears Endgame Market analyst, ‘CRYPTOBIRD’ has warned that the Bitcoin bull run could end within 30 days. In a thread on X social media, he noted that this current cycle has now reached 1,038 days since the November 2022 bottom, which is equivalent to 97.5% of a standard cycle. Historically, the final 2.5% of Bitcoin’s bull runs have delivered the most dramatic price surges, often catching both retail and institutional investors off guard. Related Reading: These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over Examining the cycle bottom-to-top chart, BTC’s current market structure aligns closely with that of past cycles, where it experienced its largest accelerations just before cycle completion. The black line representing the current 2022-2025 trajectory shows Bitcoin consolidating after strong gains, much like the 2016 and 2020 cycles before their peaks. From a technical standpoint, the expert notes that BTC is trading in an unusually tight 5% range between $110,500 and $116,000, signaling heavy compression. However, the cryptocurrency recently broke down again and is now sitting slightly above $109,600. CRYPTOBIRD highlights key levels: 200-week SMA at $53,111 acting as long-term macro support, the 50-week SMA near $99,000 as the bull market floor and the SPX correlation (-0.19). The analyst explained that short-term structures remain mixed, with High Time Frame (HTF) support at $111,296 still intact. However, compression has created conditions where any breakout could set the tone for the remainder of the year. Furthermore, the Current Trend Framework (CTF) is at $114,916, signaling bearish periods. Presently, price is gravitating toward the 200-day BPRO at $112,250, and if Bitcoin can hold above it, bulls could remain in control. Halving Math Signals Final BTC Breakdown Continuing his analysis, CRYPTOBIRD emphasized that Bitcoin is now 523 days post-halving, placing it firmly within the historical “peak window” of 518-580 days after each halving event. Every previous major cycle top has occurred in this exact range, suggesting Bitcoin is entering the statistical sweet spot for its final move. Related Reading: Strategist Publishes Bitcoin ‘Cheat Code’ As Factors That Led To Previous ATHs Return Adding to the setup is the market’s present volatility squeeze. Average True Range (ATR) has dropped to 2,250, its lowest reading of 2025, while 50-day volatility sits at 2,800. The analyst notes that such compressed volatility rarely lasts and typically precedes a violent breakout within two to four weeks. Institutions also appear to be positioning accordingly, with Bitcoin ETF flows showing distribution. Sentiment indicators add another layer, as the Fear and Greed index stands at 44, indicating rising fear rather than euphoria. Meanwhile, RSI is neutral at 46, suggesting that momentum has cooled but not collapsed. Despite September’s reputation as Bitcoin’s weakest month, CRYPTOBIRD notes that it gained 4.4% month-to-date, defying its historical 6.2% decline. This anomaly, combined with October, which is typically seen as a green month, could set the stage for a bullish Q4. Featured image from Pixabay, chart from Tradingview.com
Bitcoin has experienced a sharp price drop in recent days, but one well-followed crypto analyst remains undaunted. Popular chartist Egrag Crypto says Bitcoin is still in a bull market, even with the pullback. He believes what is happening now is only part of a larger repeating pattern that has played out since the end of 2022. According to him, this cycle is not over yet, and the market still has another strong upward move before an actual bear phase begins. Bitcoin Holds Strong Above Key Levels Egrag Crypto explains that Bitcoin follows a clear pattern that has been in place since December 2022. First, the price surges upward, then it retests support, bounces back, corrects slightly, and makes a new local high. Related Reading: XRP Holders Could Lose Millions Of Dollars In 10 Days, Here’s Why Right now, the most critical level to watch is $103,000. As long as Bitcoin does not fall below that level, Egrag says there is no real danger. Instead, he expects one more big pump to arrive before the cycle tops out. His personal target for this move is between $150,000 and $175,000. In his view, this would mark the last push of the current bull run before the market flips to its next bear phase. Egrag stresses that corrections along the way are normal and should not cause panic. He believes traders often get caught up in short-term drops without realizing that they are only part of a larger trend. Looking at the bigger picture, it is clear that the Bitcoin bull market still has room to run. Market Parallels With Gold Suggest Bull Run Is Intact Egrag Crypto also draws a strong comparison between Bitcoin and gold. He points out that many analysts once thought gold had peaked at a technical target of $3,500. Instead, the price continued to rise due to what he calls a short squeeze. This sudden surge, he says, was meant to trap retail buyers into a “suckers rally.” Related Reading: Expert Reveals Why XRP Won’t Mirror Bitcoin’s Path And Why A Decoupling Is Imminent He notes that gold demand is currently so high that even shop owners with decades of experience say they have never seen business like this. To Egrag, this kind of hype is usually a warning that the cycle is near its top. He expects gold to eventually fall by $600 to $1,000 once Russia and Ukraine restore peace, a move that he believes would once again confirm the cyclical nature of the market. For Bitcoin, the same lesson applies. Despite loud voices calling the bull run over, Egrag insists that the cycle is still alive. He views the current downturn as merely a pause before another significant surge. He plans to invest around $30,000 in the following macro cycle and later rotate into strong altcoins. In his view, staying patient and respecting cycles is the most effective approach. Featured image created with Dall.E, chart from Tradingview.com
Despite recent fluctuations that saw the Bitcoin price retrace nearly 6% on a weekly basis, market expert Timothy Peterson remains bullish on the leading cryptocurrency’s future. The expert, also a Bitcoin author and economist, predicts that there is at least a 50% chance that the Bitcoin price could reach a new all-time high of $200,000 by June 2026, a forecast he shared on social media platform X (formerly Twitter) on Thursday. Optimistic Projections For The Bitcoin Price Peterson’s optimistic outlook is grounded in his analysis of the Median Bitcoin Yearly Price Path chart, which suggests that October typically marks the beginning of a new upward trend for the Bitcoin price, extending through to June of the following year. He elaborated that achieving the $200,000 target would require an average monthly return of approximately 7%, translating to an 120% annualized increase. Furthermore, he noted a 50% or greater likelihood of Bitcoin reaching a new all-time high by early November of this year. Related Reading: All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause? As seen in the chart below, Peterson outlined additionally, two potential bullish scenarios for Bitcoin’s trajectory. The most scenario points toward a surge to a new record of $240,000, while a more conservative estimate suggests a rise toward $160,000. Regardless, these indicators he referenced imply that the remainder of the year and subsequent months of 2026, could be marked by significant price increases for the market’s leading cryptocurrency. However, the broader crypto market performance has not been without its challenges. Investors Brace For Friday’s PCE Data On Thursday, Bitcoin and other cryptocurrencies like Ethereum (ETH), XRP, and Solana (SOL), experienced a downturn as investors shifted their focus to upcoming economic data, particularly following a sharp market correction earlier in the week. Traders are particularly attentive to Friday’s personal consumption expenditure (PCE) data, the Federal Reserve’s (Fed) preferred measure of inflation, which could have implications for future interest rate decisions. When interest rates decrease, more stable investments such as bonds or equities tend to offer lower yields, encouraging investors to seek riskier assets like cryptocurrencies. Related Reading: Ex-Binance CEO CZ Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narrative’ Earlier in the week, a substantial sell-off occurred across the crypto market, marking the largest deleveraging event of the year. On Monday, many digital asset investors unwound bullish positions that had been established after the Fed’s recent quarter-point interest rate cut. Maja Vujinovic, CEO of Digital Assets at FG Nexus, commented on the situation, emphasizing that the recent liquidations stemmed from excessive leverage rather than failing market fundamentals. She noted, “Overheated funding post-Fed left traders exposed; once Bitcoin rolled over, forced unwinds hit ETH and altcoins hard.” Despite the cautious sentiment prevailing in the crypto market this week, Vujinovic pointed out that historical trends suggest these “leverage washes” often pave the way for a healthier market foundation. Featured image from DALL-E, chart from TradingView.com
Bitcoin price extended losses after it traded below $112,500. BTC is now consolidating losses and might decline again to test the $108,500 support zone. Bitcoin started a fresh decline below the $112,500 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $113,000 zone. Bitcoin Price Dips Further Bitcoin price failed to start a recovery wave and stayed below $114,000. BTC declined below the $112,500 and $112,000 support levels to move further into a bearish zone. The decline gained pace below the $111,500 level. A low was formed at $108,680 and the price is now consolidating losses. There was a minor move toward the 23.6% Fib retracement level of the recent decline from the $113,939 swing high to the $108,680 low. Bitcoin is now trading below $112,500 and the 100 hourly Simple moving average. Besides, there are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $109,920 level. The first key resistance is near the $110,500 level and the trend line. The next resistance could be $111,300 or the 50% Fib retracement level of the recent decline from the $113,939 swing high to the $108,680 low. A close above the $111,300 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance. Any more gains might send the price toward the $113,000 level. The next barrier for the bulls could be $114,500. Another Decline In BTC? If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level. The first major support is near the $108,200 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,800, followed by $108,200. Major Resistance Levels – $110,500 and $113,000.
After hitting its $124,000 all-time high back in July, the Bitcoin price has now moved back into a phase of struggling and consolidation. While many have called this out as only a temporary stop, expecting the Bitcoin price to continue its ascent once the decline is over, crypto analyst EXCAVO has taken a more bearish outlook. According to the analyst, the current market trend actually points to the end of the bull market and the beginning of the next bear market. Why The Bitcoin Price Will Crash In the analysis, EXCAVO outlined why they believe that the Bitcoin bear market was actually over. These were given as the classic signs of a top of the market, and there were three in total. The first of these is what the analyst referred to as “Universal Optimism.” This universal optimism simply points to the fact that everyone seems to be bullish at this point, in addition to seemingly bullish developments. EXCAVO points to the fact that governments are now accepting crypto and creating reserve funds as the reason universal optimism is a sign of the top. Related Reading: These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over Next is that corporate buying has continued, especially for the likes of Bitcoin. Public companies such as Strategy have accumulated massive reserves of Bitcoin, with Ethereum treasuries not left out. These treasury companies have now bought tens of billions of dollars’ worth of Bitcoin and Ethereum. Last but not least, is that positive news around crypto is currently dominating the media. The analyst believes that with so much positive news and investors being reluctant to sell as they wait for higher prices, such as $200,000, $300,000, and $500,000, it is a signal that the Bitcoin price has topped. The Exit Strategy Playing into the idea that the Bitcoin price has topped and is headed into another bear market, the crypto analyst explained that they have sold everything. The plan is to wait until September 2026 before buying back in. According to the crypto analyst’s chart, they expect the Bitcoin price to fall below $61,000 at this time. Related Reading: XRP Burn Rate Suffers Drastic Crash To Near Zero, What’s Going On? The analyst also backs this up with the cycle theory, which says there are around 151 weeks of growth followed by 51 weeks of decline. Going by this, the growth phase is already completed, and between September 13 and October 6 is the beginning of the reversal zone that begins the bear market decline. Additionally, the crypto analyst also dismisses the idea of an altcoin season. Due to the large number of cryptocurrencies right now, sitting at over 1 million coins, EXCAVO says it is not possible for all coins to be pushed up at the same time, like it did in 2017. Rather, there will be selective pumps on altcoins that players are interested in. “I have not become a bear forever. I believe Bitcoin will hit $300,000. But not in the coming months,” the analyst stated. “It will be worth that in 2.5 years, after a healthy 50-60% correction from the peak.” Featured image from Dall.E, chart from TradingView.com
On-chain data shows the Bitcoin long-term holders locked in a significant amount of gain around the time of the latest price plunge. Bitcoin HODLer Whales Have Shown Profit-Taking Spree Recently As explained by analyst Ali Martinez in a new post on X, long-term holder whales have participated in some profit-taking recently. “Long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. Related Reading: Bitcoin Whales Sell 147,000 BTC Since August, Fastest Selloff Of Cycle This cohort is considered to represent the HODLers of the market, who rarely sell even in the face of volatility. That said, there are times when these investors do participate in selloffs, and one such instance seems to have occurred just recently. In the context of the current topic, the everyday LTHs aren’t of focus, but rather the LTH whales, diamond hands who carry more than 1,000 BTC (about $113.7 million) in their balance. Below is the chart shared by Martinez that shows the trend in the Bitcoin Realized Profit for the LTH whales over the last few weeks. The Realized Profit here is naturally an on-chain indicator that measures the total amount of profit that the Bitcoin LTH whales are locking in through their transactions. From the graph, it’s visible that this metric observed a notable spike on September 21st. This was the day BTC started a price drawdown that took it to the $112,000 level. Thus, it would appear possible that the profit-taking from the HODLers may have in part been to blame for the bearish action. In total, LTH whales harvested over $120 million in profits during this distribution spree. Meanwhile, the short-term holders (STHs), representing investors who entered the market during the past five months, participated in loss-taking instead, as CryptoQuant community analyst Maartunn has pointed out in an X post. As displayed in the above chart, Bitcoin STHs sent 15,700 BTC at a loss to exchanges during the price crash. Investors generally use these platforms when they want to sell, so these loss transactions could have been a sign of capitulation from the cohort. The STHs have a relatively short holding time, so they are assumed to include the weak hands of the sector. In that view, the latest capitulation would be on-brand for the group. Related Reading: Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish Coming back to the LTHs, on-chain analytics firm Glassnode has shared a chart that puts into perspective the total amount of profit that the LTHs as a whole have realized in the current cycle so far. The cumulative Bitcoin LTH Realized Profit sits at 3.4 million BTC for the current bull market, which is higher than all, but one previous cycle. BTC Price Bitcoin has made some recovery during the past day as its price has returned to $113,700. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com
As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading cryptocurrency. While Binance traders are exhibiting a bullish stance, traders from other exchanges are still showing a degree of hesitation. Binance Traders Expecting Bitcoin Price Surge According to a CryptoQuant Quicktake post by contributor Crazzyblockk, fresh derivatives data from Binance is signaling shifting market dynamics – specifically, the recent BTC funding rate on Binance points toward traders taking a bullish stance. Related Reading: Bitcoin Breaks Above Mid-Term Holder Breakeven – Is A Fresh Rally Brewing? On the contrary, the BTC funding rate from other exchanges, such as OKX, Bybit, and Deribit, suggests that traders on these platforms are still uncertain about taking any directional bet. As of September 23, the BTC perpetual funding rate on Binance climbed to +0.0084%, suggesting that the long positions are dominant and traders are willing to pay a premium to maintain their bullish bets. It is worth highlighting that the increase in funding rate is not an isolated event, as it suggests a positive seven-day change, indicating strengthening conviction among Binance traders. For comparison, the BTC funding rate on OKX is currently hovering at -0.0001%, while on Bybit it sits at 0.0015%. Finally, Deribit shows a funding rate of 0.0019%. The analyst added: This isn’t just a difference in numbers; it’s a difference in narrative. While funding rates on OKX and Bybit have actually decreased over the last seven days, Binance’s rate has climbed. For the uninitiated, funding rates can be viewed as a real-time gauge of trader sentiment in the perpetual swaps market. A strong positive rate like that of Binance, which diverges from the rest of the market, points toward aggressive bullish speculation. Is BTC About To Make A Move? In a separate CryptoQuant post, contributor XWIN Research Japan noted that Bitcoin’s implied volatility has dropped to its lowest level since 2023. Back then, the lull in the market was followed by an explosive rally of 325%, which propelled BTC from $29,000 to $124,000. Related Reading: Bitcoin Faces Bearish Pressure As Exchange Inflows Stay Elevated – Will BTC Lose $112,000 Support? The analyst added that the total Bitcoin exchange reserves continue to deplete at a rapid pace, hitting new multi-year lows. Historically, such a fall in BTC exchange reserves has preceded supply squeezes, leading to a dramatic rise in demand. That said, the overall sentiment toward BTC appears to be cold at present. The Bitcoin Fear & Greed Index suggests that investors are fearful of entering the market, which may offer a good opportunity to accumulate BTC at current market prices. However, fresh data from BTC wallets confirms that new wallets – those that are less than a month old – are starting to buy the top digital asset. At press time, BTC trades at $113,796, up 1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin price extended losses after it traded below $113,800. BTC is now consolidating losses and might decline again to test the $110,500 support zone. Bitcoin started a fresh decline below the $113,500 zone. The price is trading below $113,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,000 zone. Bitcoin Price Stuck Below Resistance Bitcoin price failed to start a recovery wave and stayed below $115,000. BTC declined below the $113,500 and $113,000 support levels to move further into a bearish zone. The decline gained pace below the $112,500 level. A low was formed at $111,111 and the price is now consolidating losses. There was a minor move above the 23.6% Fib retracement level of the recent decline from the $117,920 swing high to the $111,111 low. Bitcoin is now trading below $113,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $113,500 level. The first key resistance is near the $114,000 level and the trend line. The next resistance could be $114,500 or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $111,111 low. A close above the $114,500 resistance might send the price further higher. In the stated case, the price could rise and test the $115,500 resistance. Any more gains might send the price toward the $116,500 level. The next barrier for the bulls could be $117,250. Another Decline In BTC? If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,000 level. The first major support is near the $111,250 level. The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,000, followed by $111,250. Major Resistance Levels – $113,500 and $114,000.
Bitcoin’s price action is caught in uncertainty as messy subwave structures clash with a critical resistance at $113,000. While the market shows attempts at recovery, the unclear wave patterns leave traders divided on whether the next move will be a breakout or a deeper correction. Messy Subwaves Keep Bitcoin’s Next Move Clouded TARA, a crypto analyst, recently shared fresh insights on X regarding Bitcoin’s ongoing price action. According to the analyst, Bitcoin is currently in the middle of forming another wave down, but the subwave structure is still messy and unclear. This uncertainty makes it harder to predict the exact short-term direction, though the broader trend signals that further movement is likely. Related Reading: Bitcoin Advanced Sentiment Signals Bullish Edge As Traders Eye Fed Pivot She noted that BTC has already tested the resistance zone around $113,500, but the market still seems drawn toward lower targets. The rejection from that resistance highlights the weakness in immediate bullish momentum, leaving room for bears to reassert control. TARA also emphasized that the $111,000 level remains a critical area to watch. This zone aligns closely with important Fibonacci retracement levels, particularly the .618 support fibs. As long as Bitcoin holds above this threshold, there’s still a chance for the bulls to regain momentum and avoid deeper downside pressure. However, if $111,000 is broken decisively, the analyst warned that Bitcoin would most likely extend its decline toward the next major Fibonacci level near $99,000. Such a move would shake out weak hands before the market establishes a more stable foundation for recovery. BTC Finds Support As Liquidity Grab Sparks Bounce Crypto VIP Signal, in a fresh update, noted that Bitcoin recently grabbed liquidity at a key support zone before bouncing higher. This liquidity sweep allowed the market to reset after testing lower levels, showing that buyers were quick to step in and defend the area. Such reactions often serve as early signs of strength, suggesting that Bitcoin still holds bullish potential as long as the support remains intact. Related Reading: Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation Attention now turns to the $113,000–$113,300 resistance zone, which stands as the next major hurdle for price action. This level has acted as a tough ceiling in previous attempts, making it a critical zone to watch. According to the analyst, a decisive close above $113,300 could pave the way for BTC to target the $115,000 level in the short term. Such a breakout would not only reinforce bullish momentum but also strengthen the case for a continuation of the broader upward trend. In the meantime, speculations are whether Bitcoin can hold onto its rebound or if resistance will once again prove too strong to overcome. Featured image from Pixabay, chart from Tradingview.com
The crypto market has long moved in the shadow of Bitcoin, because for years, its rallies and sharp drops have pulled nearly every other digital asset such as XRP with it. However, according to Versan Aljarrah, co-founder of Black Swan Capitalist, the XRP token could break away from this cycle. According to him, XRP is on a different mission, one that goes beyond speculation and closer to real-world use. That role is why he says it will not mirror Bitcoin’s path, and why a decoupling is now on the horizon. Versan Aljarrah Reveals XRP’s Institutional Role Sets It Apart From Bitcoin Aljarrah stresses that XRP does not follow Bitcoin’s “digital gold” story. While Bitcoin serves as a store of value, XRP serves a very different purpose. In the X post, the expert refers to the cryptocurrency as a bridge asset for banks and financial institutions. Related Reading: CEO Dismisses September Crash, Reveals Why The Bitcoin Price Is Headed For $150,000 In today’s financial world, cross-border payments can often be slow, expensive, and risky because of foreign-exchange issues. XRP addresses these problems by cutting out multiple intermediaries. According to Aljarrah, this practical utility places XRP closer to the daily operations of global finance, rather than the speculative trading behavior that defines Bitcoin. Rather than acting like a typical cryptocurrency, XRP is evolving into core financial infrastructure. That transformation, according to Aljarrah, could move XRP far beyond a purely speculative asset and position it as part of the underlying system that connects currencies and payment networks worldwide. Why Regulatory Clarity And Adoption Drive XRP Toward Decoupling For years, one of the biggest obstacles facing XRP was legal uncertainty. Ripple Labs, the company associated with XRP, was embroiled in a lawsuit with the SEC. But that cloud has now lifted. Court rulings have made it clear that XRP sales on public exchanges are not securities transactions, and with the appeals dropped, the case is now closed. With the court issue resolved, attention is shifting to growth, as developers are now adding new tools for institutions to the XRP ecosystem, including automated market making, stablecoin support, and updated token standards. Related Reading: Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming? Banks, fintech companies, and payment providers are starting to test and integrate with XRP. At the same time, the XRP Ledger is growing stronger. Ripple has also launched RLUSD, a stablecoin, and is working on obtaining banking licenses worldwide. All these steps point toward a token that evolves into financial infrastructure rather than remaining a speculative play. Aljarrah notes that these changes mean XRP will no longer move like Bitcoin. Its price will not only depend on market speculation but also on its usage, the strength of regulations, and the growing demand for instant settlement. For these reasons, he believes decoupling is certain. Over time, XRP will carve its own path as adoption spreads and its role in finance becomes more central. Featured image from DALL.E, chart from TradingView.com
On-chain data shows the Bitcoin whales are selling at their fastest monthly rate of the cycle, a potential reason behind the asset’s latest decline. Bitcoin Whale Holdings Have Significantly Dropped Over The Past Month In a new post on X, CryptoQuant Head of Research Julio Moreno has listed a contributing factor behind the recent plunge in the Bitcoin price. The factor in question is the trend in the holdings of the whales. Whales are defined as BTC investors carrying more than 1,000 tokens of the cryptocurrency in their wallet balance. At the current exchange rate, this cutoff converts to about $112.8 million. Thus, the only holders qualifying for the group would be those with a substantial amount of capital. Related Reading: Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish Exchanges and mining pool wallets may technically fulfill this requirement, but they are excluded from the group because they aren’t considered “normal” network participants. Given that the whales include some of the most influential investors in the market, their behavior can be something to keep an eye on, as it may sometimes have a direct impact on the asset’s trajectory. Even when it doesn’t, it can still be revealing about the sentiment among these humongous holders. One way to gauge whale behavior is through their total supply. Below is the chart shared by Moreno that shows how this metric has changed over the past year. As displayed in the graph, the Bitcoin whale supply saw a huge drawdown last month, indicating that the large holders participated in some significant net distribution. The metric made some slight recovery as BTC’s spot price surged above $117,000, but the trend has quickly flipped during the last few days as the indicator has registered another sharp plunge. Related Reading: Here’s The Boundary Bitcoin Bulls Must Defend To Save Rally Since August 21st, whales have sold a net total of 147,000 BTC, worth a whopping $16.6 billion. This selloff has taken the 30-day change in the cohort’s supply to the largest negative value of the cycle so far. Considering the timing of the selling, it’s possible that this is one of the reasons why Bitcoin has faced bearish price action recently. The market selloff may not be over yet, either, if the trend in the Exchange Inflow is anything to go by. As the CryptoQuant head has pointed out in another X post, the Bitcoin Exchange Inflow witnessed a surge on Tuesday. Investors generally deposit their coins in centralized exchanges when they want to participate in one of the services that they provide, which can include selling. As such, the growth in the Exchange Inflow could be a sign that holders are still trading away their Bitcoin. BTC Price Bitcoin slipped under $112,000 on Tuesday, but the coin has seen a slight bounce since then as its price has climbed to $113,000. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Crypto analyst Stockmoney has assured that Bitcoin’s rally isn’t over despite the recent price crash to $112,000. The analyst explained how the cycle works, indicating that the crash is simply part of a broader move to the upside. Bitcoin Rally Not Yet Done Despite Crash To $112,000 In an X post, Stockmoney stated that Bitcoin is not yet done, even amid the mass liquidation events. He indicated that the mass liquidation events were all part of the plan and not something that should catch market participants unaware. The analyst went on to explain how the BTC cycle playbook works. Related Reading: Total Illiquid Bitcoin Has Reached 72% Of Supply, What Does This Mean For Price? First, he stated that the Bitcoin price pumps while whales take profits. Then, the price further pumps on low volume, with retail investors wanting to secure their gains. This leads to too many positions with paper gains and open futures positions, which Stockmoney explained equals a lack of liquidity. He noted that this happens after low-volume uptrends. The analyst’s statement comes amid the Bitcoin price crash to around $112,000 this week from a high of around $117,000 last week. BTC had reached $117,000 last week following the Fed rate cut decision, with the U.S. central bank lowering interest rates by 25 basis points (bps). However, with the price crash, this has turned out to be a ‘sell the news’ event. Notably, the crypto market liquidations on September 22 marked the biggest liquidation event for long positions this year. Stockmoney stated that liquidity must be freed before the Bitcoin price can go higher. He noted that the good side effect is that this is a profitable business model for market makers and that limits get filled as whales buy the dips. The analyst added that this cycle is a pattern that will keep recurring. Analyst Says “Buy The Dip” In an X post, crypto analyst Ali Martinez urged market participants to buy the dip. This followed an earlier analysis in which he noted that Bitcoin had retraced to $112,000 as anticipated. He added that he was now watching for buying pressure to form the right shoulder before a breakout to $130,000, which will mark a new all-time high (ATH) for BTC. Related Reading: Bitcoin Price Eyes Demand Zones In Higher Timeframes – Here’s The Target Crypto analyst Titan of Crypto noted that Bitcoin is currently retesting the Kijun around $112,600. He added that this level will be crucial to monitor as it could determine the next move for the flagship crypto. Meanwhile, he also suggested that this could be the final shakeoff before a liftoff to a new ATH for the BTC price. At the time of writing, the Bitcoin price is trading at around $112,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Bitcoin is under renewed selling pressure as fear begins to creep back into the market. After weeks of high volatility, analysts warn that BTC could drop below the $110K support level in the coming sessions if current dynamics persist. Such a move would mark a critical shift in sentiment, as bullish momentum has clearly weakened in recent days. Related Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play Despite this, more optimistic voices argue that Bitcoin remains resilient at current levels. They believe the market could stabilize and reclaim higher ground once buying demand returns, especially if macro conditions or institutional flows provide fresh momentum. Top analyst Darkfost shared important insights into the current onchain activity, noting a concerning trend among mid-term holders. He highlighted that while it’s difficult to confirm a single entity, Bitcoin aged between 6–12 months has been consistently flowing onto the market, following a strikingly similar selling pattern. Long-Term Holders Drive Market Pressure Darkfost explains that long-term holders (LTHs) currently control an overwhelming share of the Bitcoin supply, estimated at around 80–85%. This concentration of supply underscores the structural strength of Bitcoin’s investor base, yet it also means that any selling activity from this group has an outsized impact on price dynamics. When LTHs move coins onto the market, it often signals either profit-taking or a shift in sentiment, both of which can weigh on short-term momentum. The Bitcoin Spent Output Bands (SOB) indicator further validates this trend, showing that recent onchain flows align with the activity of these experienced holders. As coins aged between six months and several years enter circulation, the data reflects renewed selling pressure, helping explain the bearish momentum that has driven Bitcoin lower in recent days. This dynamic is consistent with the corrective move BTC has faced since losing the $115K level, as the market absorbs distribution from cohorts that previously held through volatility. Despite the near-term challenges, fundamentals continue to support a bullish outlook over the long run. Institutional accumulation, shrinking exchange reserves, and Bitcoin’s increasingly strong correlation with macro liquidity cycles all provide a foundation for higher valuations once selling pressure eases. The coming weeks will be decisive. If Bitcoin can hold above key liquidity zones and shake off the weight of LTH distribution, it may regain the momentum needed to retest its all-time highs. Conversely, failure to defend critical supports could extend the correction, further testing market confidence. Ultimately, while LTHs are shaping current price action, the broader structural demand for Bitcoin suggests that the long-term trajectory remains intact. Related Reading: Bitcoin Short-Term Holders Capitulate: 30K BTC In Realized Losses Over 24 Hours BTC Holding Key Demand Level Bitcoin (BTC) is currently trading near $112,567, showing a slight rebound after touching intraday lows around $111,135. The chart highlights that BTC remains under pressure following its rejection from the $117K–$118K region earlier this week. The key resistance level remains the $123,217 zone, which has capped rallies since July, while immediate support lies around the $112K–$110K range. The 50-day SMA at $114,322 and the 100-day SMA at $113,382 have now flipped into overhead resistance after the recent breakdown, suggesting that short-term momentum is weakening. A failure to reclaim these levels in the coming sessions could open the door for a deeper retracement toward the 200-day SMA near $103,869, which aligns with a long-term support cluster. Related Reading: Aster Forms Bullish Hammer At Key Support – Reversal Setup? Price action shows that buyers are attempting to defend the $112K region, which has acted as a strong liquidity zone in recent months. However, repeated tests of this level raise the risk of a breakdown if bullish momentum does not return. Featured image from Dall-E, chart from TradingView
The Bitcoin price crash began over the weekend and has since seen he digital asset break below the $112,000 support level. Interestingly, this crash was called by a couple of crypto analysts who had pointed out the weaknesses surrounding Bitcoin over this time. As their predictions begin to play out, this report takes a look at the complete forecasts, with most showing that the Bitcoin price crash is far from over and must proceed deeper before finding a bottom. Bitcoin Price Is Headed Below $100,000 Crypto analyst HAMED_AZ had previously pointed out that the Bitcoin price was moving within a descending channel. Since this was a bearish trend, it was expected that the Bitcoin price would begin to crash, and this was the case. There is also the fact that the Bitcoin price had broken its short-term ascending trendline. At the same time, it had also reached the upper boundary of the descending channel, meeting resistance at $117,000-$120,000. As the bears pushed back on the price, the fall had begun. Related Reading: Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why It didn’t help that the resistance was sitting a the 61.8% Fibonacci retracement level, one of the factors that triggered the corrective move. As the short-term ascending trendline was broken, it empowered the bears to take control of the digital asset once again. Despite the already notable decline, the crypto analyst says that as long as the price stays below $118,000-$120,000, then the bearish pressure will continue. The possible target here is below $106,000, but the descending trendline points to a bottom as low as $96,000 in the worst-case scenario. Bears Are Still In Control Another pseudonymous crypto analyst on the TradingView website has also outlined why the Bitcoin price is bearish. The fact that the digital asset had broken below the ascending trendline, as well as the Ichimoku cloud, suggests that the momentum has turned bearish from here. Related Reading: Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value With the support of $113,00 already lost, the next targets are on the downside. Prices are expected to keep crashing as low as $108,000 before finding a bottom. However, there could be redemption on the horizon if the bulls are able to reclaim the support between $113,000 and $114,500. But a more definite close above $115,000 would completely invalidate the current bearish move. Meanwhile, crypto analysts like CrypFlow on X are more bullish after the decline. The analysis shows that the Bitcoin Bollinger Bands are being squeezed again. There is also a bullish Stochastic RSI cross and a momentum explosion. With all of these developments so close together, the analyst believes that it is only a setup for the Bitcoin price to rally higher. Featured image from Dall.E, chart from TradingView.com
Bitcoin has seen “buy the dip” mentions spike on social media after the price crash, but Santiment warns this could be a contrarian signal. Social Media Users Are Calling To Buy The Bitcoin Dip In a new Insight post, analytics firm Santiment has talked about how the market has been reacting to the latest plunge in the Bitcoin price. “One of the first things we like to look for is a sign of retailers showing enthusiasm toward buying the dip,” notes Santiment. The indicator cited by the analytics firm is the “Social Volume,” which measures the total amount of posts/messages/threads appearing on the major social media platforms that make unique mentions of a given term or topic. Related Reading: Here’s The Boundary Bitcoin Bulls Must Defend To Save Rally Santiment has filtered the Social Volume for Bitcoin-related keywords and terms pertaining to calls for “buy the dip.” Below is a chart showing the trend in the metric over the past month. As is visible in the graph, the Bitcoin Social Volume has spiked for these terms, indicating that interest in buying the dip has surged among social media users. At the current value, dip-buying calls are at their highest in 25 days. While this could sound like a signal that a rebound may be coming soon for the cryptocurrency, history has had many examples of the contrary. “Prices typically move the opposite direction of the crowd’s expectations,” explains the analytics firm. Considering this, the dip-buying hype could actually be a sign that more pain may be ahead for BTC before the bottom can actually be in. “Once the crowd stops feeling optimistic, and they begin to sell their bags at a loss, this is typically the time to strike with your dip buys,” says Santiment. Another gauge for market sentiment is through the Binance Funding Rate, which is a metric that keeps track of the periodic fee that derivatives traders are exchanging between each other on the largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000 The indicator turned sharp red just ahead of the latest plummet in the Bitcoin price, indicating that short positions became dominant on Binance. After the decline, however, traders changed their tune as the metric switched back to being green. This trend would suggest that investors are hoping Bitcoin would rebound soon. “Ideally, for a notable price bounce to occur, we need to see a sustained period of shorts outpacing longs,” notes the analytics firm. As such, this could be another indicator to keep an eye on, as a flip into the negative for an extended phase may pave the way toward a bottom. BTC Price Bitcoin has been unable to make recovery from its crash so far as its price continues to trade around $112,700. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Bitcoin price extended losses after it traded below $114,000. BTC is now consolidating losses and might decline further to test the $110,500 support zone. Bitcoin started a fresh decline below the $114,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,000 zone. Bitcoin Price Starts Consolidation Bitcoin price failed to stay above the $115,500 zone and started a fresh decline. BTC declined below the $115,000 and $114,000 support levels to enter a short-term bearish zone. The decline gained pace below the $113,500 level. A low was formed at $111,557 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $117,920 swing high to the $111,557 low. Bitcoin is now trading below $113,200 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $113,000 level. The first key resistance is near the $113,500 level and the trend line. The next resistance could be $114,000. A close above the $114,000 resistance might send the price further higher. In the stated case, the price could rise and test the $114,750 resistance level or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $111,557 low. Any more gains might send the price toward the $115,500 level. The next barrier for the bulls could be $116,250. Another Decline In BTC? If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,000 level. The first major support is near the $111,750 level. The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,000, followed by $111,750. Major Resistance Levels – $113,600 and $114,000.
As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand has entered the market. Notably, the Net Position Change (NPC) of the youngest cohort of BTC holders has re-entered positive territory, raising hopes for the cryptocurrency to gain bullish momentum. Bitcoin NPC Back In Positive Territory According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the NPC of Bitcoin holders who have held the digital asset for less than one month has decisively flipped into positive territory. This change shows that new demand is flowing into the market at an accelerated rate. Related Reading: Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test Crazzyblockk highlighted that the 30-day change in supply held by wallets younger than one month has surged, hitting as high as +73,702 BTC on September 23. The following chart confirms the uptick following a period of negative action. It is worth emphasizing that the influx of fresh capital into the Bitcoin market is beneficial in helping to absorb the supply being sold by long-term holders (LTH). Typically, LTH refers to holders who have held BTC for more than six months. Currently, these LTH are selling their BTC at a rate of approximately -145,000 BTC, indicative of a typical bull market where early investors realize profits. The analyst added that the fact that selling pressure is being met with strong demand from new entrants is a sign of the rally’s sustainability. The CryptoQuant contributor added that the accumulation is not limited to the newest cohort. Besides the less than one-month cohort, short-term holders (STH) – investors who have held BTC for less than six months – are also accumulating. The STH NPC has changed to +159,098 BTC, cementing the robust demand for the top cryptocurrency by market cap across a spectrum of investors based on their time in the market. Crazzyblockk added: The current dynamic – where profit-taking from long-term investors is being absorbed by a new and enthusiastic wave of buyers – is a classic characteristic of a strengthening bull market. The positive flip in the youngest holder cohort is a leading indicator of broadening market participation and suggests a strong conviction among new investors. This robust demand structure is highly supportive of continued price appreciation in the near to medium term. Some Areas Of Concern For BTC While the demand for BTC from young cohorts is encouraging, some concerns still linger about the digital asset’s near-term price action. For instance, BTC exchange inflows remain elevated, raising fears of greater selling pressure. Related Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle Similarly, recent on-chain data shows that BTC’s current rally is primarily being led by retail investors. Bitcoin whales – wallets with significant BTC holdings – are noticeably absent from the current rally. That said, the digital asset’s fundamentals continue to strengthen as the Bitcoin network activity recently reached a new 2025 peak. At press time, BTC trades at $112,804, down 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase, characterized by what traders call intraday chop. This is not a sign of weakness but rather a natural and often necessary stage in any market cycle. A Necessary Foundation For The Next Move In an X post, a dedicated crypto enthusiast, Uniswap Gems, provided a clear-eyed view of Bitcoin’s current price action, stating that the market is in a predictable phase of intraday chop after a period of extreme volatility. Related Reading: Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything Uniswap Gems noted that the recent huge, volatile move caught many traders off guard. As a result, the market is now in a period of consolidation. This chop is a sideways price movement within a tight range, which is often needed to establish a solid bottom after a sharp price swing. He cautions that this phase could last for the next 2 to 3 days, making it a difficult environment for those looking for quick directional trades. For a bullish trend to resume, BTC needs to flip $113,000 into a support level. If this happens, it could set the stage for a retest of the $115,000 range. However, if BTC fails to hold its current levels and makes new local lows, Uniswap Gems expects a more significant drop all the way down to sub $105,000, which would be a decisive move to the downside. Analyst Philakone, a crypto investor and day trader, has issued a stark reminder about the inherent volatility of BTC and historical price action in bear markets. His analysis focuses on the severe drawdowns that have consistently followed previous all-time highs. According to Philakone, BTC price has a historical tendency to drop between 75% to 85% from its peak during a bear market. This is a crucial point that he believes many people struggle to grasp, especially after a prolonged bull run. However, if BTC’s all-time high for the current cycle reaches $125,000, a 75% drop would bring the price down to a mere $30,000. Market Still Fragile Despite Heavy Liquidations Crypto trader known as KillaXBT has adopted a highly cautious stance on the BTC market. For the first time in a while, the expert is fading this BTC dip despite a massive liquidation event of 1.5 billion. His decision is based on a technical analysis of a key market indicator of the USDT dominance chart. Related Reading: Bitcoin Price Retreats Lower Again – Is This Just a Healthy Dip? KillaXBT explains that the USDT.D (Tether Dominance) chart is showing concerning signals. If it breaks above its Equal Highs (EQHs), it could lead to a bigger drop in price. Due to this analysis, he has decided not to open any position in the market and is not looking for either long or short trades. Featured image from Pixabay, chart from Tradingview.com
On-chain analytics firm Glassnode has revealed where a Bitcoin level historically seen as a key battleground between bulls and bears currently lies. Bitcoin Short-Term Holder Cost Basis Is Situated At $111,400 Right Now In a new post on X, Glassnode has talked about the Bitcoin Realized Price of the short-term holders. The “Realized Price” is an on-chain indicator that measures, in short, the average cost basis or acquisition level of the average investor on the BTC network. Related Reading: Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000 When the spot price of the cryptocurrency is trading above this metric, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, being under the indicator implies the overall market is underwater. In the context of the current topic, the Realized Price of a specific part of the blockchain is of interest: the short-term holders (STHs). This cohort includes the investors who purchased their coins within the past 155 days. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin STH Realized Price over the last few years: As displayed in the above graph, the Bitcoin STH Realized Price is currently sitting at $111,400, which means that the cryptocurrency’s spot price is trading quite near it. As such, if the asset’s latest bearish momentum continues, a retest of the level could happen. Historically, BTC has had some notable interactions with the metric, with it rotating roles as both support and resistance. The explanation behind this trend lies in the fact that STHs include the most reactive investors in the market. If the mood in the sector is bullish, these traders participate in buying on retests of their cost basis, believing the decline to be just a “dip.” Similarly, they sell at their break-even mark when the sentiment is bearish, fearing that they will drop into losses again. When one of these patterns doesn’t hold for the indicator, it can be a sign that the market structure is shifting. In other words, which side of the line BTC is trading could have an impact on its trajectory. “The short-term holder cost basis is often treated as the key battle line between bulls & bears,” notes Glassnode. Related Reading: Bitcoin Falls Below $113,000, But This Indicator Says It’s Time To Buy Given the relevance that the STH Realized Price has had in the past, a retest for Bitcoin, if one happens, could be worth watching. “Sustained trading below this level could signal a shift toward a mid- to long-term bearish market structure,” explains the analytics firm. BTC Price Bitcoin has been unable to make any recovery since Monday’s plunge as its price is still floating around the $112,800 mark. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The Bitcoin price is falling again this September, but SkyBridge CEO Anthony Scaramucci says there is no reason to call it a crash. He explained on a CNBC Squawk Box segment that the current weakness is part of a regular cycle that happens almost every year. According to the CEO, short-term fluctuations do not alter the broader picture for Bitcoin. For this reason, Scaramucci says he is keeping his bullish outlook and is not changing his prediction. Scaramucci Says Bitcoin Price September Weakness Is Seasonal Anthony Scaramucci says September has historically been a challenging month for Bitcoin and other cryptocurrency businesses. In his words, “September lows are typical.” He explained that some of the selling comes from people clearing taxes, while others are simply taking profits after substantial gains from the last few months. Because of this, he does not see the current weakness in the Bitcoin price as a warning sign. Related Reading: Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming? Scaramucci noted that the Bitcoin price has slipped by about three to four percent, but he described this move as “typical volatility.” According to him, the swings of this size are normal in the crypto market and should not discourage investors. He also reminded people that Bitcoin has been around for approximately 15 years and that September has often been a month of price dips. According to him, this is evidence that what is happening now is merely a repetition of the past. Instead of worrying about the drop, Scaramucci wants investors to understand that this is a seasonal pattern and not the start of a collapse. SkyBridge CEO Maintains $150,000 Bitcoin Target For 2025 Even with the September weakness, Scaramucci says the global investment firm remains committed to its prediction that the digital asset could reach $150,000 by the end of 2025. The SkyBridge CEO remains confident in Bitcoin’s future, explaining that the cryptocurrency’s long-term trajectory continues to point toward significantly higher levels. He believes that strong buying typically occurs in the last two months of the year. Because of this, he thinks November and December will be good times for the market. Related Reading: XRP Fractal Suggests Price Could Rise Over 100% To $7 In November Scaramucci also observed that the appetite for Bitcoin remains strong. In his view, many people are simply waiting for the right time to make a purchase, and once the seasonal weakness is over, he expects buyers to return in large numbers. The SkyBridge CEO further explained that the current slowdown does not change the bigger trend. He called it only a short break after months of positive moves. Scaramucci’s message is that the September dips do not mean disaster. According to him, the long-term direction remains certain, and the Bitcoin price is still on track for significant gains as the year progresses. Featured image from DALL.E, chart from Tradingview.com
Bitcoin is holding above the $110,000 level after a turbulent Monday that saw billions of dollars in liquidations across the crypto market. The sharp correction erased much of last week’s gains and reminded investors of the volatility that continues to define this cycle. Despite the heavy selling pressure, BTC has managed to stabilize near a key liquidity zone, where bulls and bears are now battling for control. Related Reading: Aster Forms Bullish Hammer At Key Support – Reversal Setup? The mood across the market remains cautious as traders weigh the potential for further downside. Some analysts warn that Bitcoin could retest lower support levels if bearish momentum strengthens, while others argue that the retrace is part of a healthy reset after an overheated rally. Top analyst Axel Adler shared insights revealing that the risk of further bearish pressure from liquidations is medium. Data shows that net liquidations remain negative, reflecting ongoing long wipeouts that continue to weigh on price action. However, Adler noted that the liquidation intensity is not at cascade levels, meaning that while headwinds persist, the market lacks the fuel for a deep liquidation-driven collapse. Liquidation Risk: Pressure Without Cascade According to Axel Adler, Bitcoin’s recent downturn is being shaped by ongoing long liquidations. Net liquidations remain negative near −$40 million, underscoring the fact that many overleveraged positions are still being flushed out of the market. This persistent wave of long wipeouts is applying steady downside pressure, preventing BTC from mounting a strong recovery after its recent rejection above $115K. Despite these pressures, Adler highlights a crucial point: the Liquidation Intensity Z-Score (365d) is at a neutral to moderate level. This signals that while liquidations are forcing traders out of their positions, they are not large enough to trigger a cascading selloff. In other words, the current market drawdown is painful, but it lacks the systemic fuel for a deep liquidation-driven collapse similar to what has occurred during prior cycle tops. This distinction is vital for understanding Bitcoin’s current market structure. While headwinds remain as the market forces leveraged traders to reset, the underlying trend shows resilience. Because liquidations aren’t extremely intense, BTC could find stability once it clears out the weak hands. Adler notes that the market now sits at a crossroads: continued liquidation pressure could grind prices lower in the short term, but without cascading risk, Bitcoin has the capacity to consolidate and rebuild momentum. As fresh capital enters and the market clears out leveraged excess, it may support a healthier, more sustainable advance in the months ahead. In this context, don’t view the correction solely as a bearish signal. Instead, it reflects a broader market reset—necessary for removing excess leverage and laying the groundwork for Bitcoin’s next decisive move. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated Price Action Details Bitcoin is trading near $113,025, struggling to reclaim levels above $115K after the recent selloff. The chart shows BTC moving below its 50-day and 100-day moving averages (MAs), both of which now act as resistance around $114,600–$115,000. The 200-day MA, currently near $115,077, reinforces this resistance cluster, signaling that BTC must overcome heavy technical barriers to regain bullish momentum. On the downside, BTC found temporary support at $112,900, with buyers stepping in to prevent further losses. If this level fails, the next support lies closer to $110K, which aligns with prior consolidation zones and liquidity pools. A break below could open the door toward $108K, intensifying bearish sentiment. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Price action also reveals lower highs forming since the rejection near $118K, highlighting fading bullish strength. Still, the broader structure suggests BTC remains in a consolidation phase rather than a complete trend reversal, as long as $110K holds. In the short term, traders will be watching if Bitcoin can reclaim the 115K zone, which would signal renewed momentum. Featured image from Dall-E, chart from TradingView