Bitcoin Analyst Highlights Critical Support Range for Bull Cycle
Crypto analyst Kevin (Kev Capital TA) discussed Bitcoin's market dynamics on September 25, emphasizing a critical support range for the next bullish cycle: $107K to $98K. He highlighted:
- The current dip to $108,651 aligns with expected seasonal patterns and structural considerations.
- Past weeks showed bearish trends across Bitcoin, Ethereum, and altcoins, approaching significant resistance levels.
- Kevin stressed the importance of USDT dominance as a market indicator, identifying key support around 3.9–3.7%.
- He emphasized the significance of maintaining $106.8K support for BTC, while $98K should hold firm to preserve the cycle.
- Q4 seasonality could be favorable if macroeconomic data supports risk appetite, with key indicators in early October.
- A potential major BTC move is anticipated soon, contingent on maintaining the $107K–$98K range.
- Kevin identified $125K as major resistance and noted that surpassing this level would confirm a bullish trend continuation.
- He advised against focusing on altcoins until inter-market signals indicate a shift back to them.
The analysis suggests patience and monitoring of higher time frames and macroeconomic factors. At the time of reporting, BTC traded at $109,607.