13 hours ago
Key points:
Bitcoin bulls are engaged flipping cardinal levels backmost to enactment — tin they ace $118,000 next?
New all-time highs are connected the skyline if the Fed absorption uptrend continues.
Exchange traders are already bringing successful ample lines of liquidity either broadside of price.
Bitcoin (BTC) sought to flip $117,000 to enactment connected Thursday arsenic the Federal Reserve interest-rate chopped boosted crypto markets.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Watch these Bitcoin terms levels next, accidental traders
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 1.3% aft the regular close.
Volatility deed arsenic the US Federal Reserve announced its first complaint chopped of 2025, coming successful astatine 0.25% to lucifer marketplace expectations.
After a little dip beneath $115,000, Bitcoin rebounded, liquidating some agelong and abbreviated positions to the tune of implicit $100 cardinal implicit 24 hours.
$BTC update:
FOMC Price Action nailed 🔨
Boring Monday and Tuesday; Wednesday volatile with the classical retrace of an archetypal mendacious move.
$105M liquidated successful 30mins during FOMC, that's what it's important to beryllium alert of this.
Absolutely emotion this market. Probably $120k next. https://t.co/azE7Fg6J10 pic.twitter.com/x3EPCmIlOx
Among traders, hopes were precocious that bulls would cement enactment and proceed connected to situation all-time highs.
“The much important part; volition $BTC interruption done this important absorption zone?” crypto trader, expert and entrepreneur Michaël van de Poppe queried successful a station connected X.
An accompanying illustration showed the bulls’ adjacent conflict astatine $118,000.
“All I’m definite astir is that, erstwhile Bitcoin stabilizes, we’ll commencement to spot large breakouts connected Altcoins occur,” helium added.
BTC/USDT one-day illustration with RSI, measurement data. Source: Michaël van de Poppe/XPopular trader Daan Crypto Trades agreed connected the value of the $118,000 mark. During dovish comments by Fed Chair Jerome Powell astatine the Jackson Hole symposium successful August, that level formed a section apical arsenic BTC terms enactment strengthened.
“$BTC The $118K level is important arsenic it is the precocious measurement node wrong this range. Meaning astir measurement traded astatine this terms level,” helium noted connected X.
The station concluded that BTC/USD would “quickly visit” all-time highs should $118,000 flip to support.
BTC/USDT perpetual declaration one-day with measurement data. Source: Daan Crypto Trades/XLiquidity builds with BTC terms wedged
A look astatine speech order-book information showed thickening liquidity connected either broadside of the spot terms connected Thursday.
Related: Bitcoin terms gains 8% arsenic September 2025 connected way for champion successful 13 years
After the archetypal Fed shake-out, traders returned to enactment up “guardrails,” keeping terms pinned wrong the corridor betwixt them.
Data from CoinGlass frankincense enactment $116,500 and $119,000 arsenic the cardinal levels to ticker for connected the day.
BTC liquidation heatmap (screenshot). Source: CoinGlassThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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