Bitcoin Price at Crossroads ⚡ – Key Resistance Will Decide t
koinmilyoner
Updated at: 3 hours ago
{"content":"Bitcoin Price at Crossroads ⚡ – Key Resistance Will Decide the Next Move
Bitcoin price is rising beyond $116,500. BTC may gain momentum if it breaks $117,250 barrier.
Bitcoin rose again beyond $116,200.
The price is below $116,200 and the 100-hour SMA.
On the hourly BTC/USD chart, a positive trend line with support around $115,500 is formed.
If it breaks $117,250, the pair may rise again.
bitcoin price faces major hurdle
Bitcoin began rising beyond $115,500. BTC broke $116,000 and $116,200 barrier.
Bulls pushed price beyond $117,000. A negative decline began once the price reached $117,291. Price fell below $116,800. The price fell below the 50% Fib retracement line of the $114,157 swing low to $117,291 high.
However, bulls were active at $115,000 and the 61.8% Fib retracement line of the current advance from $114,157 swing low to $117,291 high. Bitcoin is over $116,200 and the 100-hour SMA. On the hourly BTC/USD chart, a positive trend line with support around $115,500 is formed.
The $116,950 level represents immediate upward barrier. Near $117,250 is the first major resistance. The next hurdle may be $117,800. A closing over $117,800 barrier might boost prices. The price may soar to $118,500 resistance. More advances might push the price beyond $118,800. Bulls may face $119,250 next.
Another BTC Drop?
Bitcoin may fall again if it fails to break $117,250. Near $116,200 is immediate support. Near $115,500 or the trend line is the first big support.
The next support is at $115,000. More losses might push the price toward $114,500. BTC may go below $112,500, the primary support.
The technical indications
The MACD is rising in the positive zone.
Relative Strength Index hourly BTC/USD RSI is over 50.
Major Support Levels: $115,500 followed by $115,000.
Key Resistance Levels: $116,950, $117,250.
#FedRateCut25bps #StrategyBTCPurchase #AltcoinSeasonComing? #Writer2Earn $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/18/da1c379eb01c437197c175e9d25562f9.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}