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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

Bitcoin is once again at a turning point as the market struggles to recover from heavy selling pressure. After losing the $115,000 level earlier this week, BTC is now fighting to hold $110,000, a threshold that many investors see as critical for maintaining short-term stability. The sharp drop has shaken confidence, with traders increasingly concerned about the possibility of a deeper correction if support fails. Related Reading: Aster Forms Bullish Hammer At Key Support – Reversal Setup? Market sentiment has shifted quickly from bullish optimism to caution, as volatility rises and momentum fades. The broader crypto market has mirrored Bitcoin’s moves, with altcoins also suffering significant declines. This phase of consolidation and retracement has left investors uncertain, unsure whether the recent dip represents a temporary pullback or the beginning of a larger corrective phase. Amid this turbulence, top analyst Darkfost highlighted a key onchain signal: it has been another painful day for short-term holders (STHs). Data shows that STHs realized losses of around 30,000 BTC in just one day. For many of the most recent buyers, unrealized profits have already evaporated, with some now selling at steep losses. Bitcoin STH Face Losses, But Market Outlook Holds Darkfost’s recent analysis highlights the mounting pressure on Bitcoin’s short-term holders (STHs). With BTC trading near $111,400, most of their unrealized profits have been nearly wiped out, leaving the newest market entrants facing realized losses. Data shows that STHs collectively absorbed an estimated 30,000 BTC in losses in a single day, underscoring the severity of the recent correction. For traders, this has been painful, but Darkfost argues it is actually constructive for the short-term outlook. He explains that when STHs capitulate, it often acts as a cleansing event for the market. Excessive leverage is flushed out, weak hands exit their positions, and the supply overhang diminishes. While “annoying in the very, very short term,” as Darkfost puts it, such resets typically create stronger foundations for the next move higher. This pattern has been observed in previous cycles, where brief periods of realized losses paved the way for sustained rallies once selling pressure subsided. At the macro level, conditions remain challenging as global markets digest tighter liquidity and slower economic growth. Still, many analysts believe Bitcoin is well-positioned in the long run, particularly as institutional adoption and regulatory clarity progress. In their view, current volatility may simply be part of the transition toward a healthier and more resilient market structure. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated Price Analysis: Testing Support After Breakdown Bitcoin’s price action shows clear weakness after losing the $115K level, with the chart now testing support near $113K. The breakdown comes as the bullish momentum that fueled previous rallies fades, leaving BTC vulnerable to volatility. Currently, price trades below the 50-day moving average, signaling pressure in the short term. The 100-day SMA around $113,337 is now acting as a key support level, and its defense will be crucial to avoid a deeper correction. The recent drop highlights a rejection near the $123K resistance zone, where the market failed to build sustained momentum. If Bitcoin manages to hold above the $113K area, consolidation could follow before another attempt at recovery. However, a decisive move below this level risks exposing BTC to the $110K psychological level, where buyers are likely to step in. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Momentum indicators suggest the market remains in a corrective phase rather than a full reversal, with higher lows still intact from June levels. As long as BTC avoids a breakdown below $110K, the broader bullish structure remains valid. Traders will closely watch whether Bitcoin can stabilize above its current support or whether further selling pressure from long-term holders and broader market uncertainty drags it lower. Featured image from Dall-E, chart from TradingView

Data shows the Bitcoin Fear & Greed Index has slipped back into the fear territory following the crash in the cryptocurrency’s price. Bitcoin Fear & Greed Index Suggests Investors Now Fearful The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Bitcoin Falls Below $113,000, But This Indicator Says It’s Time To Buy The index uses the data of the following five factors to determine the investor mentality: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. It then represents the calculated sentiment as a score lying between zero and hundred. All values above 53 correspond to a net sentiment of greed, while those under 47 imply the presence of fear in the market. A value between these two thresholds naturally corresponds to a neutral mentality. Now, here is how the sentiment among Bitcoin traders is currently like, according to the Fear & Greed Index: As is visible above, the index has a value of 45 at the moment, indicating that the investors are fearful, although only to a slight degree. The fear value is a new shift for the market, with this being the first time since September 7th that the metric has dipped into the zone. The worsening of sentiment is a result of the bearish price action that Bitcoin and other digital assets have faced recently, with prices across the sector observing a particularly sharp drop during the last 24 hours. The turn to fear, however, may actually not be a bad sign for the market, if the past is anything to go by. Historically, BTC and company have tended to move in the direction that goes contrary to the expectations of the crowd. The probability of such an opposite move occurring generally only goes up the more sure the traders become of a direction. On the Fear & Greed Index, there are two regions where this likelihood becomes the strongest: extreme fear (below 25) and extreme greed (above 75). The former is where major bottoms have occurred in the past, while the latter has facilitated top formations. While the investor sentiment is currently far from turning into extreme fear, the fact that investors are no longer greedy could still be a positive for the bull run’s hopes. It only remains to be seen, though, how things would play out for Bitcoin and other cryptocurrencies. Related Reading: Dogecoin Ready To Bark Again? Analyst Sees Path To $0.45 In some other news, the latest market crash induced a large amount of liquidations in the derivatives market, but speculators haven’t become discouraged by the squeeze, as CryptoQuant community analyst Maartunn has explained in an X post. As displayed in the above chart, the Open Interest plummeted alongside the Bitcoin price plunge, but it has already made some recovery with a jump of $1 billion (2.63%). BTC Price Bitcoin has come down to the $12,600 level following its latest plummet. Featured image from Dall-E, Alternative.me, charts from TradingView.com

According to data from Coinglass, the crypto market saw liquidations worth more than $1.6 billion over the past 24 hours, with the majority of them being long positions. Elevated exchange inflows threaten to crash Bitcoin (BTC) further below the important support level at $112,000. Bitcoin Tumbles, Will It Lose $112,000? Bitcoin fell from around $116,000 to as low as $111,800 earlier today, as the broader cryptocurrency market experienced volatility amid concerns about the US government shutdown. Prediction markets on Kalshi are currently giving a 70% chance of a shutdown in 2025. Related Reading: Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test Commenting on today’s BTC price action, CryptoQuant contributor PelinayPA remarked that at the end of August and early September, almost 65,000 BTC were withdrawn from exchanges, which coincided with a price recovery in the digital asset. The analyst shared the following chart, which shows BTC withdrawals from exchanges. Typically, large outflows from trading platforms indicate that investors are moving their holdings to personal wallets – reducing immediate selling pressure and signaling a bullish trend. That said, recent trends suggest that such outflows have weakened. Specifically, since September 20, exchange data shows that more investors are choosing to keep their coins on exchanges. PelinayPA shared another chart which shows BTC deposits to exchanges. Notably, between September 17 and 19, Bitcoin inflows to exchanges surged to nearly 40,000, while the price tumbled to $117,000. For the uninitiated, high BTC inflows to exchanges usually imply that investors are moving their coins from private wallets to platforms where they can be sold, signaling increased selling intent. This creates short-term bearish pressure on price, as higher supply on exchanges can outweigh demand.  The CryptoQuant analyst added that during the rally between September 7 and 15, BTC outflows from exchanges exceeded inflows, supporting bullish momentum. However, inflows surpassed outflows after September 17, triggering strong selling pressure and pushing BTC down to $112,700. She concluded: Inflows remain high while outflows are relatively weak, indicating short-term downside pressure. If outflows increase again, signaling accumulation, BTC could rebound strongly from the $112K zone. Otherwise, further downside risk remains. Should BTC Holders Be Worried? Bitcoin’s fall to $112,000 should not come as a surprise. Recent on-chain data had already hinted that BTC could be in trouble due to a lack of whale participation in the recent rally.  Related Reading: Bitcoin Market Faces Supply Squeeze As Scarcity Index Turns Positive Again It is worth highlighting that BTC’s latest fall in price came shortly after the US Federal Reserve (Fed) cut interest rates by 25 basis points. Although the flagship cryptocurrency fell, experts believe that it is still far from a real capitulation. CryptoQuant CEO Ki Young Ju recently predicted that BTC could top out at $208,000 during the ongoing market cycle. At press time, BTC trades at $113,175, down 2.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin price extended losses after it traded below $115,000. BTC is now moving lower and might even test the $110,500 support zone. Bitcoin started a fresh decline below the $115,000 zone. The price is trading below $114,500 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 $115,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay the $116,500 zone and started a fresh decline. BTC declined below the $115,500 and $115,000 support levels to enter a short-term bearish zone. The decline gained pace below the $114,000 level. A low was formed at $112,050 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 $112,050 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 $113,450 level. The first key resistance is near the $114,000 level and the trend line. The next resistance could be $115,000 or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $112,050 low. A close above the $115,000 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $116,800 level. The next barrier for the bulls could be $117,250. More Losses 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 – $114,000 and $115,000.

Bitcoin has slipped under the $113,000 level during the past day, but an analyst has pointed out how a technical indicator could suggest this is a buying opportunity. TD Sequential Has Just Given A Buy Signal For Bitcoin In a new post on X, analyst Ali Martinez has talked about how the Tom Demark (TD) Sequential has just formed a signal for Bitcoin on its 4-hour price chart. The TD Sequential is an indicator from technical analysis (TA) that’s used for locating potential points of reversal in an asset’s price. Related Reading: Dogecoin Ready To Bark Again? Analyst Sees Path To $0.45 The indicator involves two phases. In the first of these, known as the setup, it counts candles of the same color up to nine. Once the ninth candle is in, it gives a turnaround signal for the asset. Naturally, the signal is a buy one if the preceding candles were red and a sell one if they were green. As soon as the setup is over, the second phase, called the countdown, kicks off. The countdown works much like the setup, with the key difference being that the indicator counts up thirteen candles here, not nine. Following these thirteen candles, the price trend is considered to have reached exhaustion once more. In other words, the asset may have reached another top or bottom. Bitcoin has completed a TD Sequential phase of the first type recently. Below is the chart shared by Martinez that shows the signal forming in BTC’s 4-hour price. From the graph, it’s visible that the TD Sequential has completed this setup with nine red candles, which implies Bitcoin may have arrived at some sort of bottom. The signal has come as the cryptocurrency’s price has plummeted and retraced its recent recovery. It now remains to be seen whether the buy setup will hold, or if there is more decline coming for the asset. Related Reading: Bitcoin Cash (BCH) Plunges 6.7% As Social Media Shows Overhype In another X post, the analyst has talked about a potential pattern forming for Bitcoin that could also point to a bullish outcome. As displayed in the above chart, Bitcoin’s 4-hour price has potentially been following an inverse head-and-shoulders. This pattern appears whenever an asset’s price registers a low (called the head) between two higher lows (the shoulders). BTC has formed the left shoulder and head so far, with the right shoulder possibly brewing with the price crash. In the scenario that the right shoulder does get confirmed, a bullish breakout may follow for the cryptocurrency, since an inverse head-and-shoulders is generally considered to be a bullish reversal pattern. BTC Price At the time of writing, Bitcoin is trading around $112,300, down over 2.5% in the last 24 hours. Featured image from Dall-E, charts from TradingView.com

Bitcoin price failed to extend gains above $117,750. BTC is now moving lower and might even test the $113,200 support zone. Bitcoin started a fresh decline below the $115,500 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $115,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $116,000 zone. Bitcoin Price Dips Again Bitcoin price started a fresh upward wave above the $116,500 zone. BTC managed to climb above the $116,800 and $117,500 resistance levels before the bears appeared. A high was formed at $117,920 and the price started a fresh decline. There was a move below the $116,500 and $115,500 levels. The decline gained pace below the $115,000 level. A low was formed at $114,237 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 $114,237 low. Bitcoin is now trading below $115,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $115,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $115,250 level. The next resistance could be $116,000 or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $114,237 low. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $116,800 level. The next barrier for the bulls could be $117,250. More Losses In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $114,250 level. The first major support is near the $113,500 level. The next support is now near the $113,250 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might decline heavily. 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 – $114,250, followed by $113,250. Major Resistance Levels – $115,000 and $116,000.

Bitcoin’s slow ascent towards establishing new highs has continuously encountered significant opposition in the past few weeks. As the market currently stands in an uncertain zone, there are several questions and concerns about the future trajectory of the premier cryptocurrency. Below is how the latest on-chain data answers some of these questions How $117,000 Slowed Down BTC’s Rise In a September 20 post on social media platform X, Alphractal founder and CEO Joao Wedson reemphasized his early prediction of $117,000 as a critical resistance zone for the Bitcoin price. Related Reading: Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation Wedson referenced his post published exactly a week ago, which utilized two main on-chain metrics — the CVDD (Cumulative Value Days Destroyed) Channel, and the Fibonacci-Adjusted Market Mean Price — in reaching his conclusion. For context, the CVDD Channel is centered around the amount of aged capital being sent into the market. This metric is typically used in highlighting zones of long-term support or resistance based on the movement of aged coins. Also, the Market Mean Price is the cost basis, on average, of all Bitcoin holders. By extension, the Fibonacci-Adjusted Market Mean Price is a metric that shows the average cost basis of Bitcoin, adjusted with specific Fibonacci ratios. It displays mathematical levels of extension or retracement around the Bitcoin average holder’s cost. According to the analyst, these two metrics had aligned perfectly, pointing out $117,000 as a zone where retracement was likely to occur. The convergence of these metrics showed not just the technical significance of this price level, but also reflected strong indecision in the market.  What’s Next For Bitcoin? In the same post on X, Wedson pointed out specific price actions to watch out for in terms of Bitcoin’s price progression and what a potential breach could mean. Looking at the upside case, the analyst explained that a breakout above $118,600 would be a strong confirmation of heightening bullish momentum, which could “open the path for the next explosive move.” Related Reading: Crypto Founder Says Bitcoin Price At $100,000 Is Cheap, Reveals Real Cycle Peak Value Wedson also warned about a potential downside, which hinges on a break below the $113,700 support. According to the crypto founder, this support breach could lead to a swift decline of Bitcoin’s value to as low as $110,000. A deeper correction could even drag Bitcoin to as low as $100,000—a price level that may attract institutions for accumulation. As of this writing, the price of BTC stands at around $115,660, reflecting no significant movement in the past 24 hours. Featured image from iStock, chart from TradingView

Over the past week, the Bitcoin market experienced significant volatile price action, resulting in a net price loss of 0.07%. Notably, the crypto market leader initially surged to $118,000 as bullish sentiments rose after the US Federal Reserve announced the first interest rate cut of 2025. However, Bitcoin has since retraced to around $115,700 in the past 24 hours, as transaction activity cooled off. In studying the asset’s price structure, a popular market analyst with the X username KillaXBT has highlighted two important price levels. Related Reading: Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything Bitcoin’s Weekly Open Faces Pressure Amid Daily Imbalance Threat In an X post on September 19, KillaXBT shares a vital cautionary insight on the present Bitcoin market, identifying two support zones in danger. Notably, as of the latest session, BTC has retested its weekly open at $115,219, a level that has served as a key pivot point for both bulls and bears. Holding above this threshold would be a strong sign of strength, while a decisive move lower could tilt market sentiment bearish. However, there is also a heavy focus on a daily fair value gap extending down to $113,355, highlighted on the charts as an area of imbalance left behind by rapid price action. KillaXBT explains that losing the weekly open would likely trigger a price decline to $113,355 because such inefficiencies eventually get filled, as price retraces into the zone to rebalance order flow. However, there is also the presence of the previous wick low at $114,367, which currently sits just above the FVG zone. This intermediate support may act as a buffer before any deeper probe toward the $113,355 mark. According to KillaXBT, Bitcoin price holding above the weekly open and FVG price zone is critical for price action going into the next week. A successful price defence at these levels could result in a reclaim of $118,000 claim and potentially the present ATH at $124,000. Meanwhile, a decisive price fall below $113,355 would expose the premier cryptocurrency to downside targets around $112,000, $110,000, and $108,000. Related Reading: Bitcoin Cash (BCH) Plunges 6.7% As Social Media Shows Overhype Bitcoin Price Overview At the time of writing, Bitcoin is trading at $115,700, reflecting a 0.98% decline in the past day. Meanwhile, the trading volume is down by 17.14% and valued at around $35.8 billion. Despite a market cap of $2.3 trillion, Bitcoin’s dominance now stands at 57.1% indicating an ongoing outperformance by altcoins as the altseason potentially commences. Featured image from Pexels, chart from Tradingview

The price of Bitcoin has had a mixed performance over the past week, falling beneath the $115,000 mark at the start of the period. While the premier cryptocurrency made a play for $118,000 following the Federal Reserve’s decision to cut interest rates, the BTC price is now back to around where it started the week. However, the latest on-chain data suggests that a stronger price performance is not too far in Bitcoin’s future. On-Chain Transactions On The Rise In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain published that there has been a notable uptick in activity on the Bitcoin network. The on-chain pundit shared that this recent surge in network activity could have significant effects on the price trajectory of the world’s largest cryptocurrency.  Related Reading: Bitcoin Advanced Sentiment Signals Bullish Edge As Traders Eye Fed Pivot CryptoOnchain based this report on the Transaction Count metric, which tracks the number of confirmed transactions on a blockchain network (Bitcoin, in this case) at a given time. According to the analyst, the 14-day Simple Moving Average (SMA-14) of the cryptocurrency’s transaction count surged to as high as 540,000, marking a peak level for the year 2025.  As highlighted by CryptOnchain, a surge in a network’s transaction count typically suggests a significant increase in the fundamental demand and network usage. The pundit also explained that this demand may have been amplified by protocols such as Bitcoin Ordinals and Runes. Network Demand Meets Bullish Momentum  According to CryptoOnchain, the notable thing about this on-chain development is the bullish convergence between the metric and Bitcoin’s price since July. The online pundit pointed out that, unlike previous periods of divergence, the current broader price rally is supported by a spike in network activity. Because of this aforementioned “bullish convergence”, the credibility of an uptrend can be further strengthened, as it is not just a result of pure speculation.  If anything is to be expected in the days to come, it is that Bitcoin’s price action will reflect a strong bullish momentum. With important advice as a parting note, CryptoOnchain explained that further price momentum hinges on the sustenance of the currently high on-chain activity. As a result, the on-chain activity should be closely watched when making decisions in the market. As of this writing, Bitcoin is valued at about $115,744, reflecting an over 1% decline in the past 24 hours. While the market leader seems to be under a slight bearish pressure, a broader look shows that BTC is only stuck in a consolidation range. According to data from CoinGecko, the flagship cryptocurrency has barely changed in the past week. Related Reading: $1 Million Bitcoin Is Coming: Arthur Hayes Says Fed Just Pulled The Trigger Featured image from iStock, chart from TradingView

The total illiquid Bitcoin has reached a new high, providing a bullish outlook for the flagship crypto. This refers to the BTC supply that is unlikely to hit the open, given the long-term holding of the investors who own these coins.  Bitcoin’s Illiquid Supply Hits New High Glassnode data shows that Bitcoin’s illiquid supply has reached a new high of 14.3 million BTC, marking over 72% of the flagship’s circulating supply. This supply is held by long-term holders (LTHs) who haven’t moved their coins in over seven years, highlighting a strong conviction in the flagship crypto.  Related Reading: Bitcoin Price Eyes Demand Zones In Higher Timeframes – Here’s The Target A large part of Bitcoin’s supply being in the hands of long-term holders is typically bullish, as it continuously reduces the amount of selling pressure on the coin. It could also lead to a potential supply shock, whereby demand outpaces supply.  Asset manager Fidelity stated in a research report that this new demand for BTC, coupled with a fixed supply and decreasing issuance schedule, was what likely sparked the rally to a new all-time high (ATH) above $124,000. Fidelity further predicted that this upward trend for the Bitcoin price could continue in the years ahead.  Meanwhile, Fidelity highlighted two distinct cohorts that satisfy the threshold of Bitcoin’s illiquid supply. The first is the BTC that was last moved seven or more years ago, while the second is public companies that hold at least 1,000 BTC. Michael Saylor’s Strategy leads the latter as his company currently holds 638,985 BTC, which accounts for over 3% of Bitcoin’s total supply. Strategy hasn’t sold any coin since it began accumulating in 2020.  Fidelity predicts that the combined group will hold over six million Bitcoin by the end of 2025 or over 28% of the crypto’s total supply of 21 million. The asset manager noted that BTC’s illiquid supply has only decreased quarter-over-quarter once in its history.  BTC’s Scarcity May Become Its “Focal Point” Fidelity predicts that over time, Bitcoin’s scarcity may become the focal point as more entities buy and hold BTC long term. They noted that the illiquid supply could rise drastically if nation-state adoption increases and the regulatory environment continues to evolve. Countries like the U.S. are already looking to establish a Strategic Bitcoin Reserve, which could create a massive supply shock.  Related Reading: Crypto Founder Says Bitcoin Price At $100,000 Is Cheap, Reveals Real Cycle Peak Value On the other hand, Fidelity noted that there is the possibility of large amounts of Bitcoin’s illiquid supply being transferred. This could happen as long-term holders and public companies move to realize gains, possibly due to a significant price appreciation. The asset manager earlier mentioned that early signs of potential capitulation may already be emerging as 80,000 ancient BTC were sold in July 2025.   At the time of writing, the Bitcoin price is trading at around $115,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal Open Market Committee (FOMC) meeting. Federal Reserve Chair Jerome Powell announced an interest rate cut for the first time in 2025. The general crypto market rallied on the back of this rate cut announcement, with the Bitcoin price running to a monthly high and almost breaking above the $118,000 level on the day. However, the premier cryptocurrency has failed to build on this momentum, retreating to around $115,500 on Friday, September 19. With price unable to sustain a serious rally, the question on the other side is—is the Bitcoin market on the brink of capitulation? BTC Market Shows Zero Signs Of Capitulation In a post on social media platform X, market analytics firm Alphractal revealed that the Bitcoin market is far from price capitulation. According to the blockchain platform, the Bitcoin price has shown no signs of capitulation for over a year—since July 2024. Related Reading: Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks This on-chain observation is based on the Market Capitulation Index (0 – 3), which tracks potential periods of intense downward price movement. This metric is based on three stress signals: Hash capitulation (>30% decline in 30 days), price capitulation (>50% drop), and supply capitulation (7-day active supply >15%), with each signal contributing a point apiece. According to Alphractal, scores of around 2 – 3 for the Market Capitulation Index indicate severe market stress and potential capitulation. Typically, high values for this metric suggest extreme selling pressure. Meanwhile, scores between 0 and 1 signal normal market conditions for the Bitcoin price. Looking at the metric—which is at zero—and the three stress signals, the BTC market does not show any signs of capitulation, with the hash rate hitting new all-time highs in September. Furthermore, while the Bitcoin price has not particularly impressed so far in the past few months, it has mostly been in a consolidation range rather than in a downward trend. Alphractal founder Joao Wedson noted in a separate post that it will likely take a few more months before the largest cryptocurrency market faces capitulation. Ultimately, this means that the Bitcoin price still has a chance of witnessing another leg up in the current bull cycle. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $115,400, reflecting an over 2% decline in the past 24 hours. Related Reading: Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level Featured image from iStock, chart from TradingView

Bitcoin (BTC), the leading cryptocurrency, has experienced a notable decline, erasing the gains it achieved following the recent decision by the US Federal Reserve (Fed) to cut interest rates.  After soaring to nearly $118,000—just 5% shy of its all-time high—the market has faced renewed uncertainty. Despite this setback, experts emphasize that the long-term outlook for Bitcoin remains optimistic, especially as September 21 approaches, a date identified as pivotal for Bitcoin’s price trajectory. Will September 21 Mark The Start Of A New Bull Run? Market analyst Timothy Peterson highlights that historically, Bitcoin has finished the year higher 70% of the time after September 21, with a median increase exceeding 50%. He has dubbed this date “Bitcoin Bottom Day,” suggesting that the odds of a price increase are significantly favorable.  Related Reading: Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks Peterson notes that two of the three downturns in Bitcoin’s history occurred during established bear markets in 2018 and 2022, conditions that do not reflect the current market situation. This leads him to believe that the chances of a price rise are closer to 90% this year. Furthermore, Bitcoin’s track record suggests it has a nearly perfect chance of holding its gains six months post-September 21. Peterson estimates there is at least a 70% probability that Bitcoin will not drop below the $100,000 mark again. Analysts Warn Of ‘Sell the News’ Bitcoin Phase  Ryan Lee, chief analyst at cryptocurrency exchange Bitget, also points to the recent 25-basis-point rate cut by the Fed as a factor that initially boosted Bitcoin’s price, briefly pushing it above $117,000. This cut, the first in nine months, reflects increased liquidity in the market.  However, Lee cautions that the median projection of only 50 basis points in total cuts for the year could temper some of the optimism, introducing potential volatility as traders adjust their strategies.  Historically, Bitcoin has experienced a dip of 5% to 8% following rate cuts before resuming its upward trend, suggesting a possible “sell the news” phase in the coming days. Related Reading: Warren Calls Out US DOJ Over Binance Settlement And Alleged Trump Ties In New Letter Despite these fluctuations, Lee remains bullish about the macroeconomic environment, asserting that lower yields on money-market funds (MMFs) are likely to direct capital toward alternative investments, such as cryptocurrencies.  He emphasizes Bitcoin’s role as a hedge in this risk-on climate, especially with approximately $7.2 trillion currently held in cash-like instruments. Looking ahead, Lee predicts that the cryptocurrency may consolidate in the near term before targeting prices between $123,000 and $150,000, should additional rate cuts materialize.  Analysts at Bitfinex also share a positive outlook, projecting that with three anticipated rate cuts by the end of the year and steady inflows into exchange-traded funds (ETFs), Bitcoin could reach between $125,000 and $135,000 by year-end.  However, they also caution that if inflation or economic growth data hinder the Fed’s ability to proceed with further cuts, Bitcoin might stabilize within a range of $110,000 to $115,000 as institutional participation and ETF assets under management provide a solid floor. Featured image from DALL-E, chart from TradingView.com 

Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio Falls According to a CryptoQuant Quicktake post by contributor Arab Chain, the latest data from Binance shows that the interest rate cut has rekindled investors’ interest in BTC. Notably, the exchange supply ratio has declined to 0.0291, hinting that investors are choosing to withdraw their BTC from exchanges and hold it for the long-term instead of selling it. Related Reading: Bitcoin Breaks Above Mid-Term Holder Breakeven – Is A Fresh Rally Brewing? To support their analysis, Arab Chain shared the following chart, which shows a tumbling exchange supply ratio while the BTC price continues to shoot up. The analyst noted that the interest rate cut has increased risk appetite and improved liquidity in the market. This behavior shows that the Fed’s monetary policy will remain dovish for the near term, which could mitigate selling pressure on BTC for the time being. Low exchange supply is creating relative buying pressure, as Bitcoin’s stability above $115,000 further supports this trend. The analyst remarked that if BTC outflows from crypto exchanges continue at the current pace, then the digital asset may target the $120,000 resistance level. However, liquidity must continue to flow into digital assets, driven by the Fed’s decision. Arab Chain added: The continued decline in the Exchange Supply Ratio for Bitcoin, coupled with a rising price, reinforces the bullish scenario, especially if traditional markets stabilize after the Fed’s decision. Conversely, if the Exchange Supply Ratio turns upward again (if Bitcoin reenters exchanges), it could signal that investors are preparing to take profits at levels near 118K–120K. Meanwhile, crypto analyst Titan of Crypto had similar thoughts. In an X post, the analyst shared the following chart, saying that BTC is currently stuck under the bearish fair value gap. A daily close above this gap – highlighted in red – could pave the way for a new high for BTC. Is BTC Facing A Supply Crunch? A declining exchange supply ratio further suggests that BTC may be approaching a bullish ‘supply crunch’ that could lead to significant price appreciation for the digital asset in the near term. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? Recently, the Bitcoin Scarcity Index recorded its first spike since June 2025, indicating potential upward price pressure on BTC. Meanwhile, BTC outflows from Binance continue at a rapid pace, further reducing the digital asset’s active circulating supply. That said, some concerns still linger, specifically due to the lack of participation of whales in recent BTC price action. At press time, BTC trades at $116,374, down 1.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

A pseudonymous crypto analyst, known as Borovik on X, has released a bold set of three-month predictions for some of the largest cryptocurrencies by market capitalization.  Taking to the social media platform X, the analyst released a list of projected prices for Bitcoin (BTC), XRP, Dogecoin (DOGE), and other top-ranking cryptocurrencies Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). The predictions show a strongly bullish stance for the coming quarter, though they also keep the current market cap rankings intact among these cryptocurrencies. Very Bullish Predictions For Bitcoin, XRP, And Dogecoin Borovik’s predictions are based on an ultra-bullish outlook for the crypto market that places these cryptocurrencies at top prices before the end of the year. However, the analyst’s prediction doesn’t envision any dramatic overtake among these cryptocurrencies in market cap rankings. Related Reading: Bitcoin Price To $150,000, Ethereum At $8,000, And An Altcoin Season? Analyst Reveals When Unsurprisingly, Bitcoin is the centerpiece of the analyst’s outlook. According to Borovik, Bitcoin’s price could climb to $194,846.63 within the next three months. That’s an enormous jump from its current spot level around $117,000, representing more than 66% upside. Such a price would lift Bitcoin’s already commanding market capitalization well beyond its current $2.3 trillion to about $3.88 trillion and increase its dominance over the rest of the market.  The forecast is equally bullish for XRP and Dogecoin. Borovik set XRP’s three-month target at $5.056 and a market cap of $302 billion. Considering XRP is currently priced around $3.04, this prediction suggests a 66% rally that would see the cryptocurrency trading at new all-time highs. Dogecoin’s target of $0.4465 is no less remarkable, although the analyst doesn’t see it breaking into new all-time highs. The meme coin king is trading around $0.275 today, so the forecast translates to an increase of about 62%. That would drive Dogecoin’s valuation well above $67 billion. Ethereum, BNB, And Solana Complete The Bullish Picture According to the analyst, Ethereum, Solana, and BNB are also expected to rise to new all-time highs before the end of the year. Particularly, the prediction places the Ethereum price at $7,537.60 within the next three months and puts its market cap bordering the trillion-dollar mark at $910 billion. However, the analyst’s projection does not suggest ETH is anywhere close to challenging Bitcoin’s dominance. Related Reading: Bitcoin, Ethereum Open Interest Are Sitting Close To ATH Levels, What Happened Last Time? BNB, which recently made a new all-time high of $1,004 on September 18, was predicted to continue its upward trajectory in the next three months to reach $1,603.05.  Solana is one of the standout performers of the past year, and it isn’t surprising that the analyst gave it a three-month target of $392.98. At the time of writing, SOL is trading at $244, and so this prediction implies a gain of roughly 61%. The analyst’s forecasts show an average increase in the range of 60% to 66% for cryptocurrencies across the board before the end of the year. Featured image from iStock, chart from Tradingview.com

Bitcoin price is moving higher above $116,650. BTC is now facing hurdles and might extend gains if it clears the $118,000 resistance zone. Bitcoin started a fresh increase above the $116,500 zone. The price is trading below $116,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,850 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh upward wave above the $116,000 zone. BTC managed to climb above the $116,200 and $116,500 resistance levels. The bulls were able to push the price above $117,500. The price traded as high as $117,920 and recently started a downside correction. There was a move below the $117,200 level. The price dipped and tested the 50% Fib retracement level of the upward move from the $115,247 swing low to the $117,920 high. However, the bulls were active near $116,750. Bitcoin is now trading above $116,500 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support at $115,800 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $117,500 level. The first key resistance is near the $117,850 level. The next resistance could be $118,000. A close above the $118,000 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250. Another Drop In BTC? If Bitcoin fails to rise above the $117,850 resistance zone, it could start a fresh decline. Immediate support is near the $116,550 level. The first major support is near the $115,800 level or the trend line and the 76.4% Fib retracement level of the upward move from the $115,247 swing low to the $117,920 high. The next support is now near the $115,250 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $116,550, followed by $115,800. Major Resistance Levels – $117,850 and $118,000.

Following the recent decision by the US Federal Reserve (Fed) to cut interest rates, the Bitcoin price has resumed its upward trajectory after a brief period of consolidation below $115,000.  This shift aligns with forecasts from leading analysts, who suggest that the market’s top cryptocurrency may reach a new all-time high (ATH) in the coming months. Some experts even believe that this milestone could be achieved as soon as two weeks from now. Bullish Indicators Emerge Market expert Axel Adler has highlighted key indicators supporting this outlook. He noted on social media platform X that BTC futures are trading at a premium compared to spot prices, with a consistently positive basis. Additionally, the seven-day basis is above the thirty-day average, suggesting a bullish market regime.  Related Reading: Coinbase Vs. State Regulators: Crypto Exchange Fights Legal Fragmentation Adler’s analysis suggests a base case probability of around 70% for a continued stepwise uptrend or sideways movement over the next two weeks for the Bitcoin price.  He emphasized that if a cluster of bullish signals emerges—such as rising prices, an increasing basis, and growing open interest—this would likely attract fresh long positions and enhance the likelihood of the Bitcoin price achieving a new ATH. Importantly, the Short-Term Holder (STH) Market Value to Realized Value (MVRV) Z-scores for both the 155-day and 365-day periods are hovering near zero, indicating that the market is balanced and not in an overheated or oversold state.  With the Bitcoin price positioned just above its Short-Term Realized Price, Adler stresses that the stage is set for potential consolidation over the next week or two, followed by a possible surge toward new highs. Adler referred to this anticipated movement as a new “uptober” for Bitcoin and the broader digital asset market. Bitcoin Price Boost Predicted Amidst Strong US Stock Market Performance Adding to the bullish sentiment surrounding the Bitcoin price is the recent performance of US stocks, which have been on a significant uptrend for the past two weeks.  Analysts at The Bull Theory have noted a correlation between stock market rallies and the Bitcoin price action, with the analysts suggesting that Bitcoin tends to rise when US equities hit new highs.  Related Reading: Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst Historical data supports this notion: as seen in the chart below, after an all-time high in the S&P 500, the Bitcoin price has averaged an increase of 12% over 30 days and an impressive 36% over 90 days. If this were to occur again, the Bitcoin price would reach $131,000 and even $178,000 respectively.  Similarly, following a Nasdaq all-time high, Bitcoin’s average gains are 16% in 30 days and 46% in 90 days. This scenario would position the market’s leading cryptocurrency at $136,000 and $199,000 if similar price action unfolds from current trading levels of $117,770.  Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) is holding near $117,500, up about 6.1% over the past two weeks. However, recent data from Binance shows that BTC’s current price action is largely supported by retail investors, while whales have been noticeably absent. Bitcoin Holds $117,500 Amid High Retail Inflows According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin is hovering around the $117,500 price level, supported by active inflows from retail investors. Notably, large whale inflows have been completely absent, indicating that the current market is being driven by individuals more than by large wallets. Related Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle Inflows ranging from 0 to 0.001 BTC recorded approximately 97,000 BTC. Similarly, inflows from the 0.001 to 0.01 BTC segment totaled nearly 719,000 BTC. The distribution above suggests that Bitcoin’s current rally is largely driven by retail investors. These investors conduct numerous but small-volume transactions, confirming that individual investors are shaping the market dynamics. Arab Chain added: The figures reveal that the bulk of inflows are concentrated in small and medium-sized transactions, reflecting the dominance of retail activity in Bitcoin trading. This liquidity, despite its limited scale, has helped keep the market balanced at current levels. It is worth emphasizing that there has been almost no whale pressure during the current market rally. Specifically, no significant surges in inflows of more than 100 BTC were observed, mitigating the likelihood of a sharp short-term price correction. To conclude, the current market situation shows that Bitcoin is experiencing a state of equilibrium, largely due to heightened retail investor participation. Such a scenario gives the market an opportunity to steadily surge toward the important $120,000 resistance level. That said, it would be wise to keep an eye on any whale activity, as it could quickly alter the market’s direction. Any sudden entry of whale inflows could trigger a rapid price correction, similar to previous market tops. Experts Divided On BTC Price Action As Bitcoin trades about 5.4% below its all-time high (ATH), there are signs that the top cryptocurrency by market cap may be on the cusp of a fresh rally. For instance, BTC recently broke above the mid-term holder breakeven, reducing the likelihood of an immediate sell-off. Related Reading: Bitcoin Market Faces Supply Squeeze As Scarcity Index Turns Positive Again Recent positive developments – such as the US Federal Reserve (Fed) reducing interest rates by 25 basis points – could reinvigorate the crypto market. Against that backdrop, crypto entrepreneur Arthur Hayes recently reiterated his ambitious $1 million BTC prediction. That said, gold bug Peter Schiff opines that BTC has likely already peaked for this market cycle. At press time, BTC trades at $117,523, up 1.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Zeus Network is positioning itself at the heart of cross-chain innovation by linking Bitcoin’s unmatched security with Solana’s high-speed infrastructure. If successful, Zeus Network could become a cornerstone of cross-chain adoption, reshaping how value flows between blockchains in the ecosystem. Unlocking New Use Cases For Bitcoin In Solana DeFi Zeus Network is stepping into the spotlight as the project is designed to connect Bitcoin and Solana into one seamless ecosystem, the two most powerful blockchains in the crypto space. SkyeOps, in a post on X, has highlighted the core of Zeus Network’s technology, a decentralized permissionless communication layer that enables interaction between BTC and SOL. This innovative architecture is referred to as Layer 1.5, a hybrid model that leverages BTC security while tapping into SOL performance. Related Reading: Bitcoin Lightning Payment Zaps Across Satellite In Historic First SkyeOps identifies APOLLO as one of Zeus Network’s flagship products, a decentralized Bitcoin-paged token zBTC, an application that enables operations natively on the Solana blockchain. According to the analyst, this is a revolutionary step because it allows Bitcoin holders to participate and earn yield in Solana’s vibrant DeFi ecosystem without having to surrender custody of their BTC to a centralized third party. Furthermore, the network utilizes a novel architecture combining ZeusNode and the Zeus Program Library (ZPL) to facilitate secure cross-chain interactions. The Zeusnode serves as the backbone of the network, with a decentralized system of Guardians who validate and sign cross-chain transactions. Meanwhile, Zeus Program Library (ZPL) provides the essential tools that empower developers to build new applications and services that leverage BTC functionality directly on Solana. Bitcoin Liquidity On Solana Hits An All-Time High The founder of Sensei Holdings and Namaste group, Solana Sensei, has also pointed out a major milestone, celebrating the fact that the supply of BTC on the Solana network has hit a new all-time high, surpassing $1 billion for the first time. Related Reading: Bitcoin Consolidates Gains – Is a Bigger Move Coming Next? According to Solana Sensei, bringing the digital gold onto Solana’s high-performance blockchain enables BTC to gain the speed, low fees, composability, and deep liquidity of the most performant L1 in all cryptocurrencies. As a result, Bitcoin can operate at internet scale, enabling instantaneous trading, use as collateral in lending markets, seamless settlement in DeFi applications, and integration with real-world assets. This connection will create a perfect dynamic. Solana supercharges BTC utility, while BTC lends SOL the ultimate credibility and security as the backbone store of value. “Together, they are turning the vision of Web3 into a true global financial layer. My two favorite cryptos are winning,” Solana Sensei noted. Featured image from Pixabay, chart from Tradingview.com

The market has been gaining momentum in recent weeks, with industry leaders suggesting that the Bitcoin price is only at the beginning of its next major rally. As the digital asset shows resilience against broader market volatility, Adam Back, the co-founder and Chief Executive Officer of Blockstream, a blockchain technology company, has made a bold prediction that Bitcoin at $100,000 is still cheap. The crypto founder believes the flagship cryptocurrency holds far greater potential, predicting its real peak value for this cycle.  Why Bitcoin Price At $100,000 Is Still Cheap Back, a long-time advocate of Bitcoin, recently emphasized that the market continues to underestimate BTC’s long-term potential. According to him, debates around diminishing returns from each halving cycle may not fully reflect the current economic climate. The crypto founder pointed out that the most recent halving cycle was impacted by macroeconomic disruptions, such as pandemic-related money printing and global supply chain issues, which may have suppressed Bitcoin’s potential upside.  Related Reading: Bitcoin Price Turns Bullish Above $114,000 With Hidden Divergence Forming The Blockstream CEO explained that Bitcoin’s previous peak above $73,000 occurred prematurely and should not be treated as the natural top of the last cycle. Instead, he views it as a temporary cap influenced by external economic headwinds. With those obstacles easing and market conditions aligning more favorably, Back argues that a $100,000 valuation for Bitcoin is “too cheap” relative to its true cycle top.  Looking forward, the Blockstream co-founder believes Bitcoin could climb significantly higher during this current cycle, projecting a peak in the range of $500,000 to $1 million. This bullish forecast underscores his conviction that institutional adoption, increasing scarcity, and a shifting global economic environment are setting the stage for BTC’s most explosive rally yet.  Chart Analysis Suggests BTC Could Hit $124,000 This Week Crypto analysts are also observing strong technical patterns that suggest Bitcoin may be preparing for another significant breakout. IncomeSharks, a prominent market analyst, has projected that BTC could reach $120,000 by the end of the week.  Related Reading: Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible? His analysis, shared on X social media, is supported by a chart indicating a recovery from recent dips and a potential continuation of the upward trend. Currently, Bitcoin has rebounded from its correction below $108,000 and is now trading above $117,000. IncomeSharks’ chart highlights a “small support break” that has already been recovered, strengthening the bullish case for further price movement. If momentum continues as anticipated, a decisive test of resistance levels near $124,000 appears imminent.   Adding to the optimism, market expert Ash Crypto has noted that Bitcoin is experiencing its strongest September in over a decade. Historically, September has often been a bearish month for the cryptocurrency, but this year has shown exceptional resilience. The analyst noted that when BTC closed September in the green, October and November have been “giga bullish.” If this pattern holds, he suggests that the final quarter of 2025 could mark the beginning of a major bull run.  Featured image from Pixabay, chart from Tradingview.com

Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time high. With buyers regaining control after recent volatility, this breakout could open the path toward $120,000 and beyond. Pullback Seen As Final Shakeout Before Rally Crypto VIP Signal, in a recent update, pointed out that Bitcoin experienced a sharp pullback yesterday after news of a rate cut, coupled with remarks from Jerome Powell, triggered a wave of volatility. The decline caught the attention of traders across the market, but the expert’s analysis suggests that this movement is more likely a final shakeout rather than the start of a broader correction.  Related Reading: Bitcoin Price Turns Bullish Above $114,000 With Hidden Divergence Forming Interestingly, despite the pullback, Bitcoin has quickly shown signs of resilience. This recovery suggests that the underlying demand for BTC remains intact, and market participants are still confident about its bullish trajectory.  Crypto VIP Signal emphasized that the most critical level to watch in the short term is $118,000. A successful breakout above this resistance would serve as a strong bullish confirmation, potentially accelerating the rally toward $120,000. If achieved, this would not only mark another key milestone but also signal that Bitcoin remains firmly within a bullish cycle, raising the likelihood of a new all-time high on the horizon.  Bitcoin Bollinger Bands Signal Possible Path To $120,000 Based on the latest BTC update from EGRAG CRYPTO, the bullish outlook for Bitcoin is being reinforced by key technical indicators. The report highlights that a decisive close above the middle upper section of the Bollinger Bands (BB) could be the catalyst needed to propel the price higher.  Related Reading: Bitcoin Trend Constructive As Long As This Metric Holds, Glassnode Says Analysts often interpret this technical formation as a sign of building momentum and can spark a breakout from a period of consolidation. If Bitcoin successfully achieves this, it would pave the way for a run toward the significant $120,000 resistance level. The update paints a highly optimistic picture for the short term, suggesting that a new record could be within reach. According to EGRAG CRYPTO, should BTC manage to break through and sustain a price above $120,000 today, it may set a new all-time high. Basically, this milestone might trigger a fresh wave of investor excitement and market liquidity as the price moves into uncharted territory. Despite the strong bullish sentiment, the analysis includes a critical warning for traders. The $117,300 mark is identified as a crucial level to watch. If the price encounters a strong rejection at this point, it could trigger a temporary reversal to the $113,300 support level. Featured image from Pixabay, chart from Tradingview.com

As the overall market continues to move sideways, Bitcoin (BTC) is attempting to reclaim its local range highs as support. After short-term volatility, fueled by the Federal Reserve’s (Fed) rate cut, the cryptocurrency could be poised to close the month on a positive note. Related Reading: BNB Chain Projects Lead Binance Wallet With 2,000x IDO Returns Bitcoin Nears Multi-Month Bullish Run On Wednesday, Bitcoin retested the $117,000 resistance for the first time in nearly a month before being rejected. The cryptocurrency has been hovering between the $107,000-$116,000 levels since late August, falling to the local lows at the start of September. Amid the retracement, investors expected to see another “Rektember,” as it has historically been one of BTC’s weakest months. Notably, CoinGlass data shows that BTC’s returns during September have mostly been red throughout the years, with an average negative return of 2.99%. However, the flagship crypto’s price has had a positive streak over the last two years, recording returns of 3.91% and 7.29% in 2023 and 2024, respectively. Analyst Crypto Jelle suggested that with less than two weeks of the month, Bitcoin appears to be setting up for a multi-month green run. Last week, BTC recovered from the early September dip, breaking out of the crucial $114,000 level and turning it into support during the weekend. As a result, the cryptocurrency currently has a positive return of 6.35%, its second-best September, according to the analytics platform. Jelle noted that “a green September has historically resulted in the next 2, 3, or even 6 consecutive months closing in the green too.” Based on this, he suggested that if Bitcoin keeps its positive performance for the rest of the month, “Q4 looks very promising for BTC.” BTC Retests Key Area Amid Volatility Analyst Rekt Capital pointed out that Bitcoin had a weekly Close above $114,000 and is retesting this area as support throughout this week’s pullbacks. This could lead to volatile downside wicks below this crucial level if this week’s close occurs above $114,000. On the contrary, failing to hold this level in the weekly timeframe could jeopardize BTC’s chances of a third price discovery uptrend. Overall, BTC needs to retest and hold $114k as support on the Weekly and any downside volatility below it would likely end up as a wick by the end of the week with the new Weekly Close. Multiple market watchers anticipated some volatility in the short term, as the Federal Reserve was expected to announce its first interest rate cut of the year. Altcoin Sherpa affirmed that “25bps is the expectation here” as “25 bps = Business as Usual but UP.” He added that this decision would likely result in a dip to the range lows or a choppy performance and “then higher in late Sept/ early October.” On Wednesday afternoon, the Fed lowered its rates by 25 basis points to a new range of 4.00% to 4.25%, marking the first rate cut since December 2024. Related Reading: Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy “Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated,” the Federal Open Market Committee (FOMC) announcement reads. BTC retested the $114,000 support and $116,000 resistance immediately after the announcement, before stabilizing around the $115,500 level. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin price is moving higher above $116,500. BTC is now facing hurdles and might gain bullish momentum if it clears the $117,250 resistance zone. Bitcoin started a fresh increase above the $116,200 zone. The price is trading below $116,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,250 zone. Bitcoin Price Faces Key Hurdle Bitcoin price started a fresh upward wave above the $115,500 zone. BTC managed to climb above the $116,000 and $116,200 resistance levels. The bulls were able to push the price above $117,000. The price traded as high as $117,291 and recently started a downside correction. There was a move below the $116,800 level. The price dipped below the 50% Fib retracement level of the recent move from the $114,157 swing low to the $117,291 high. However, the bulls were active near $115,000 and the 61.8% Fib retracement level of the recent move from the $114,157 swing low to the $117,291 high. Bitcoin is now trading above $116,200 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support at $115,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $116,950 level. The first key resistance is near the $117,250 level. The next resistance could be $117,800. A close above the $117,800 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250. Another Drop In BTC? If Bitcoin fails to rise above the $117,250 resistance zone, it could start a fresh decline. Immediate support is near the $116,200 level. The first major support is near the $115,500 level or the trend line. The next support is now near the $115,000 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,500, followed by $115,000. Major Resistance Levels – $116,950 and $117,250.

Bitcoin has observed a recovery surge toward $117,000 as on-chain data shows Binance users have been making consistent withdrawals recently. Binance Bitcoin Netflow Has Been Negative Recently As pointed out by CryptoQuant community analyst Maartunn in a Quicktake post, BTC has been flowing out of Binance recently. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of Bitcoin that’s entering into or exiting out of the wallets connected to a given centralized exchange. When the value of this metric is positive, it means the inflows are overwhelming the outflows on the platform. Generally, one of the main reasons why investors deposit their coins in exchanges is for selling-related purposes, so this kind of trend can be a bearish sign for the asset’s price. Related Reading: Bitcoin Trend Constructive As Long As This Metric Holds, Glassnode Says On the other hand, the indicator having a value under zero implies the holders are taking a net number of tokens out of the custody of the exchange. Such a trend may be a sign that the investors are accumulating, which is naturally something that can be bullish for BTC. Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow for Binance, the largest exchange in terms of trading volume, over the past month: As displayed in the above graph, the Bitcoin Binance Exchange Netflow has been negative for the last nine days, indicating that investors have constantly been pulling supply out of the platform. In the same period as these outflows, BTC has seen a recovery run toward the $117,000 level, so it would appear possible that the withdrawals have had a role to play in it. The outflows are also interesting in the context of the two-day Federal Open Market Committee (FOMC) meeting, which kicked off on Tuesday and will conclude on Wednesday with a speech from US Fed Chair Jerome Powell. “Most analysts expect the Fed to cut rates this week, with prediction markets like Polymarket showing a 92% probability of a rate cut,” notes Maartunn. “The steady outflows from Binance may reflect early positioning ahead of this event.” It now remains to be seen how the market will react when Powell delivers the Fed decision, and whether the streak of Bitcoin net outflows from Binance will continue. Related Reading: Bitcoin Bull Score Sees Sharp Jump, No Longer Signals Bear Phase Bitcoin outflows aren’t the only thing that has occurred on Binance ahead of the FOMC meeting. As CryptoQuant author Darkfrost has pointed out in a Quicktake post, the exchange has also seen massive stablecoin inflows. From the chart, it’s visible that Binance has seen a large stablecoin netflow spike corresponding to the deposit of nearly $2 billion worth of stablecoins. Investors transfer their fiat-tied tokens to exchanges when they want to buy into an asset like Bitcoin, so this could be another indication of investors repositioning in anticipation of the Fed decision. BTC Price At the time of writing, Bitcoin is trading around $116,400, up around 3.6% over the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin is trading above the $115K level as the market enters a decisive week, with attention squarely on tomorrow’s Federal Reserve meeting. Investors prepare for potential policy changes, as they expect the Fed to announce its decision on interest rates—an outcome that could set the tone for global markets in the coming months. Related Reading: Whale Unstakes 2M HYPE After 9 Months – $89.8M Profit On The Line Top analyst Axel Adler explains that Bitcoin’s price action reflects cautious optimism. Ahead of the FOMC meeting, BTC is locked in a narrow corridor of $114.6K–$117.1K, with its high/low levels gradually shifting upward. Adler points out that this structure suggests a constructive trend, indicating that buyers are slowly gaining the upper hand despite the lack of a decisive breakout. Currently, Bitcoin is holding in the upper third of its range, but without a strong impulse before the Fed event. This positioning reflects a market waiting for confirmation rather than aggressively speculating. Traders and long-term investors alike are watching closely, knowing that the Fed’s policy stance—whether a modest or aggressive cut—could spark volatility across risk assets. Bullish Sentiment Supports Breakout Scenario According to Axel Adler, bullish sentiment currently dominates the Bitcoin market, creating conditions that favor an upward breakout. Adler highlights that Advanced Sentiment sits at 68.8%, a level that is close to the upper boundary of High Bull Sentiment. This indicates that optimism is prevailing among traders and investors, with market psychology leaning heavily toward an expectation of higher prices. Such a backdrop provides a clear advantage should tomorrow’s FOMC outcome be interpreted positively by the market. Adler emphasizes that while the market remains in a consolidation range, bullish sentiment tilts the balance toward strength. When bullish sentiment rises to such elevated levels, it often signals that large participants are positioning themselves in anticipation of a breakout. Historically, similar sentiment dynamics have accompanied strong upward moves, especially when combined with supportive macroeconomic events. The Federal Reserve’s decision on interest rates is seen as the key trigger that could unleash this next leg higher. Even amid ongoing uncertainty and inherent volatility, most analysts align with Adler’s perspective that Bitcoin and the broader crypto market are setting up for higher levels. If the Fed confirms a moderate rate cut, it could provide the spark that aligns technical structure, sentiment, and macro drivers in favor of Bitcoin’s continuation toward uncharted highs. Related Reading: Dormant Bitcoin Moves Align With Recent Price Reactions: 7,547 BTC Awakens Bitcoin Price Analysis: Sideways With Bullish Bias The 8-hour chart of Bitcoin shows the price currently trading at $116,607, consolidating near short-term highs after a steady recovery from early September’s dip around $110K. This sideways price action is forming just below the major resistance zone at $123,217, which remains the key breakout level for bulls. The moving averages provide important context: the 50 SMA has turned upward, signaling renewed momentum, while the 100 SMA is flattening, and the 200 SMA still acts as a deeper support at $115,387. Bitcoin holding above these averages reinforces the constructive setup, with buyers continuing to defend key levels. Related Reading: Bitcoin Risk Index Signals Stability: All Eyes On Fed Decision The narrow range between $114.6K and $117.1K highlights indecision ahead of tomorrow’s FOMC meeting. A break above $117.5K would increase the probability of a retest toward $123K, while a drop below $114K could expose Bitcoin to deeper corrections around $112K–$113K. Overall, the chart suggests that Bitcoin is in a sideways consolidation with a bullish bias. Momentum remains constructive, but a decisive move will likely depend on the Federal Reserve’s decision. Traders are watching for a breakout confirmation, as the current positioning favors bulls but leaves room for volatility. Featured image from Dall-E, chart from TradingView

Bitcoin’s price action has managed to break above $115,000 after spending the majority of the past two weeks trading below this level. Bitcoin is now holding firm above $114,000, and the leading cryptocurrency has regained momentum over the past week that shows signs of renewed bullish strength.  According to technical analysis, a hidden bullish divergence is forming with the recent price action this week, and this could be the setup that pushes Bitcoin to new price highs. Bitcoin Revealing Hidden Bullish Divergence Technical analysis of Bitcoin’s weekly candlestick timeframe chart, which was posted on the social media platform X by crypto analyst CrypFlow, shows that Bitcoin could be on track to resume its journey of new all-time highs. Related Reading: Here’s How The Bitcoin Price Macro Correction Could Play Out Next Last week’s close means that Bitcoin has confirmed a higher price low in the weekly timeframe following the pullback that began after its August all-time high. As shown in the weekly candlestick chart below, this low is a higher low compared to June’s low below $100,000.  On the other hand, while the price printed a higher low, the Relative Strength Index (RSI) posted a lower low in the same time frame. This mismatch between price and momentum creates what is called a hidden bullish divergence, which is a technical pattern that suggests bullish continuation.  The weekly candlestick chart shared by CrypFlow shows Bitcoin defending an important support level around $114,000 and is now on two bullish weekly candlesticks. According to the analyst, if this divergence is confirmed as expected, it could provide the foundation for Bitcoin to push to new highs again. At the time of writing, Bitcoin is trading 5.7% below its current all-time high of $124,128. Stochastic RSI Flips Bullish The stochastic RSI indicator on the weekly timeframe has just flipped bullish, though confirmation will depend on how Bitcoin closes in the coming sessions. The last time such a bullish flip occurred on the weekly timeframe was in April, just before Bitcoin kickstarted a run that saw it close at bullish prices for seven consecutive weeks. A similar playout could see Bitcoin register at least five more bullish weekly closes in the coming weeks. Related Reading: Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible? The upcoming macroeconomic events could introduce volatility into the crypto industry, and this is worth keeping an eye on. The Federal Open Market Committee (FOMC) is set to meet on Wednesday, and expectations are running high that policymakers will announce an interest rate cut of 25 basis points or possibly even 50 basis points. An interest rate cut could have different effects, and history has shown that this could shift investor sentiment toward Bitcoin and other large-cap cryptocurrencies. At the time of writing, Bitcoin is trading at $117,040, already playing out bullish continuation by being up by 9% from its September open. Featured image from Pixabay, chart from Tradingview.com

On-chain analytics firm Glassnode has explained how the Bitcoin price trend remains constructive as long as the asset trades above the short-term holder cost basis. Bitcoin Is Still Maintaining Above Short-Term Holder Realized Price In a new post on X, Glassnode has discussed about the Realized Price of the Bitcoin short-term holders. The “Realized Price” here refers to an indicator that keeps track of the cost basis of the average investor or address on the BTC network. Related Reading: Bitcoin Bull Score Sees Sharp Jump, No Longer Signals Bear Phase When the value of the metric is greater than BTC’s spot price, it means the investors as a whole are sitting on some net unrealized profit. On the other hand, it being under the asset’s value implies the overall market is in a state of net loss. In the context of the current topic, the Realized Price of a specific segment of the userbase is of interest: the short-term holders (STHs). This cohort includes the investors who purchased their tokens within the past 155 days. Now, here is the chart shared by Glassnode that shows the trend in the Bitcoin Realized Price for the STHs over the last few years: As displayed in the above graph, Bitcoin retested the STH Realized Price at the start of the month and found support at it. Since then, the coin’s price has seen some recovery. This pattern of the STH Realized Price acting as a support barrier has actually been seen many times through this bull market. The reason behind the pattern may lie in investor psychology. Statistically, the longer an investor holds onto their coins, the less likely they become to sell them in the future. Since the STHs have a relatively low holding time, however, they don’t tend to be resolute, and thus, easily make panic moves when shifts occur in the market. The STHs can particularly be susceptible to panic when the cryptocurrency retests their break-even level. When the market mood is bullish, the reaction comes in the form of buying. This is because the STHs look at drawdowns to their cost basis as dip-buying opportunities. Similarly, STHs react to surges to their Realized Price by selling during bearish periods instead, fearing that the asset would decline again in the near future and send them back into a state of loss. Related Reading: Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data For now, Bitcoin is maintaining above the STH Realized Price. “As long as the price respects this level, the trend remains constructive,” notes the analytics firm. “Losing this support has coincided with phases of contraction or pullbacks.” BTC Price At the time of writing, Bitcoin is floating around $116,200, up almost 5% over the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

CryptoQuant’s Bitcoin Bull Score Index has jumped from 20 to 50 in just four days, suggesting a swift shift out of bearish territory for the asset. Bitcoin Bull Score Index Is Back In Neutral Region In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the analytics firm’s Bull Score Index. This indicator basically tells us about which phase of the market Bitcoin is in right now. The index combines the data of several key on-chain metrics to determine its value. Some of these indicators include the Market Value to Realized Cap (MVRV) Ratio, keeping track of average investor profitability on the network, and the Stablecoin Liquidity, measuring the amount of capital stored in the form of fiat-tied tokens. Related Reading: Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data When the Bull Score Index has a value of 60 or higher, it means the majority of the underlying metrics are currently giving a bullish signal. On the other hand, the metric’s value being 40 or lower implies BTC is in a bear phase according to its indicators. Now, here is the chart shared by Moreno that shows the trend in the Bitcoin Bull Score Index over the past year: As is visible in the above graph, the Bitcoin Bull Score Index was sitting at a low of just 20 four days ago, but since then, its value has witnessed a sharp climb to the 50 level. This means that on-chain metrics are signaling neutral market conditions for the asset now. This shift comes just as the Federal Open Market Committee (FOMC) kicks off its two-day meeting on Tuesday. BTC price itself has taken to sideways movement ahead of it, indicating that the market is divided about the event’s outcome. Analytics firm Santiment has shared in an X post about how social media users are reacting to the meeting. In the chart, Santiment has attached the data of the “Positive/Negative Sentiment,” an indicator that compares the bullish and bearish posts related to Bitcoin that are appearing on the major social media platforms. This metric has surged recently and hit the 1.77 mark, suggesting that there are 1.77 positive comments being made for every negative comment related to the cryptocurrency. This is the most bullish that retail traders have been on social media in around 10 weeks. Related Reading: XRP Bearish Signal: Whales Offload $486 Million In Asset While some excitement can be normal, an excess of it isn’t usually a positive sign. As the analytics firm explains, “historically, markets move in the opposite direction of retail’s expectations.” BTC Price At the time of writing, Bitcoin is trading around $115,700, up more than 2.5% over the last week. Featured image from Dall-E, Santiment.net, CryptoQuant.com, chart from TradingView.com

Bitcoin price is moving higher above $116,200. BTC is now consolidating and might gain bullish momentum if it clears the $116,850 resistance zone. Bitcoin started a fresh increase above the $116,000 zone. The price is trading below $116,000 and the 100 hourly Simple moving average. There was a break above a contracting triangle with resistance at $115,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $116,850 zone. Bitcoin Price Hits Resistance Bitcoin price started a fresh upward wave above the $114,500 zone. BTC managed to climb above the $115,000 and $115,500 resistance levels. The bulls were able to push the price above $116,200 and $116,500. Besides, there was a break above a contracting triangle with resistance at $115,750 on the hourly chart of the BTC/USD pair. The price traded as high as $116,959 and is currently consolidating gains. It is stable above the 23.6% Fib retracement level of the recent move from the $114,156 swing low to the $116,959 high. Bitcoin is now trading above $116,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $116,850 level. The first key resistance is near the $117,200 level. The next resistance could be $117,500. A close above the $117,500 resistance might send the price further higher. In the stated case, the price could rise and test the $118,400 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250. Another Decline In BTC? If Bitcoin fails to rise above the $116,850 resistance zone, it could start a fresh decline. Immediate support is near the $116,250 level. The first major support is near the $115,550 level or the 50% Fib retracement level of the recent move from the $114,156 swing low to the $116,959 high. The next support is now near the $115,200 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,550, followed by $115,200. Major Resistance Levels – $116,850 and $117,200.