Bitcoin Keeps Climbing 🚀 – Hours Away From a Major Breakout
koinmilyoner
Updated at: 2 hours ago
{"content":"Bitcoin Keeps Climbing 🚀 – Hours Away From a Major Breakout?
Bitcoin price is rising beyond $116,650. BTC may continue advances if it breaks $118,000 barrier.
Bitcoin rose beyond $116,500 again.
The price is below $116,500 and the 100-hour SMA.
On the hourly BTC/USD chart, a positive trend line with support around $115,800 is formed.
If it breaks $117,850, the pair may rise again.
Bitcoin Price Expects Growth
Bitcoin price rose over $116,000 again. BTC broke $116,200 and $116,500 barriers.
Bulls drove price over $117,500. A negative decline began once the price reached $117,920. Price fell below $117,200. The price dropped below the 50% Fib retracement level of the $115,247 swing low to $117,920 high.
But bulls were aggressive at $116,750. Bitcoin is over $116,500 and the 100-hour SMA. On the hourly BTC/USD chart, a positive trend line with support around $115,800 is formed.
Near $117,500 is immediate upward resistance. Near $117,850 is the first major resistance. Possible next resistance: $118,000. A closing above $118,000 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 $117,850. Near $116,550 is immediate support. Initial support is approaching $115,800, the trend line and 76.4% Fib retracement level of the upward run from $115,247 swing low to $117,920 high.
Around $115,250 is the next support. More losses might push the price toward $114,500. BTC may go below $112,500, the primary support.
The technical indications
Hourly MACD | MACD is falling in the positive zone.
Relative Strength Index hourly BTC/USD RSI is over 50.
Major Support Levels: $116,550, $115,800.
Major Resistance Levels: $117,850, $118,000.
#FedRateCut25bps #AltcoinSeasonComing? #BitcoinETFMajorInflows #StrategyBTCPurchase #Write2Earn $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/19/44266e54fb7c46c2989dc73623328fdc.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}