CoinDesk
Sep 12, 2025
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Bitcoin Rally Toward $120K Faces Resistance Near $115K

Bitcoin (BTC) Trends and Market Analysis

  • Bitcoin has broken out of an inverse head-and-shoulders pattern, suggesting a potential rally toward $120,000.
  • BTC's price is above the 50-day SMA, indicating bullish momentum. The GMMA indicator hints at a possible bull cross.
  • Concerns exist about BTC nearing a "bull fatigue zone" above $115,000, as past patterns show resistance at this level.

    • BTC's monthly price action in candlestick format.

    Dollar Index and Federal Reserve Rate Cuts

    • Traders have priced in significant Fed rate cuts by the end of 2026, suggesting a shift to lower interest rates.
    • The dollar index remains stable between 97.00 to 98.00, despite predictions of falling USD value.
    • Bollinger bands indicate a potential major move in the dollar index, which could impact BTC negatively if it strengthens.

      • Dollar Index's daily price action in candlestick format.

      10-Year Treasury Yield Insights

      • Expectations of rapid Fed rate cuts have led to predictions of a decline in the 10-year Treasury yield.
      • Long-term charts show a generational bullish shift in yields, suggesting limited downside potential.
      • This may prevent a significant influx into riskier assets like BTC, as fixed-income instruments remain appealing.

        • The monthly chart of the 10-year Treasury yield.