NewsBTC
Sep 17, 2025
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Bitcoin Price Faces Resistance at $116,850 Amid Consolidation

Bitcoin Price Analysis

  • Bitcoin is consolidating above $116,200 and may gain bullish momentum if it surpasses the $116,850 resistance.
  • The price broke a contracting triangle at $115,750 on the BTC/USD hourly chart.
  • Immediate resistance levels are $116,850 and $117,200, with potential further resistance at $117,500 and $118,400.

Bitcoin Price

Potential Decline

  • If Bitcoin cannot clear $116,850, it may decline toward support at $116,250 and $115,550.
  • Further declines could test supports at $115,200 and $114,500, with major support at $112,500.

Technical Indicators

  • Hourly MACD: Gaining pace in the bullish zone.
  • Hourly RSI: Above 50, indicating bullish momentum.