Sep 18, 2025
2 0
Bitcoin Targets $118,000 Amid Bullish Momentum and Potential New High
Bitcoin is aiming for the $118,000 level, indicating a potential bullish momentum towards a new all-time high. Recent market volatility has been controlled by buyers, suggesting a possible move toward $120,000.
Market Reaction and Analysis
- Crypto VIP Signal reports a sharp pullback in Bitcoin due to a rate cut and remarks from Jerome Powell, leading to market volatility.
- The pullback is viewed as a final shakeout rather than the start of a broader correction.
- Bitcoin has shown resilience, indicating that demand remains strong and the bullish trajectory continues.
- A breakout above $118,000 resistance could accelerate the rally toward $120,000, signaling a continued bullish cycle.
Technical Indicators and Future Outlook
- EGRAG CRYPTO highlights key technical indicators reinforcing Bitcoin's bullish outlook.
- A decisive close above the middle upper section of the Bollinger Bands (BB) may propel the price higher.
- Analysts suggest this technical formation could signal building momentum and spark a breakout from consolidation.
- If Bitcoin breaks through $120,000, it could set a new all-time high, increasing investor excitement and liquidity.
- Traders should watch the $117,300 mark; a rejection here might lead to a temporary reversal to $113,300 support.
