NewsBTC
Sep 16, 2025
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Bitcoin Faces Resistance, Potential Decline Below $113K

Bitcoin Price Analysis

  • Bitcoin experienced an increase, surpassing the $115,000 mark.
  • The price remains below $115,500 and the 100-hour simple moving average.
  • A bearish trend line is forming with resistance at $115,350 on the BTC/USD hourly chart.
  • For an upward move, Bitcoin needs to clear the $116,500 resistance zone.

Current Situation

  • Bitcoin reached a high of $116,743 before starting a correction.
  • The price dropped below the 23.6% Fib retracement level from the recent upswing.
  • Immediate resistance levels are at $115,350 and $116,150.
  • If Bitcoin breaks above $116,750, it could test $117,500 or even $118,800.

Bitcoin Price

Potential Downside

  • If Bitcoin fails to surpass $116,150, a decline may ensue.
  • Support levels are at $114,500 and $113,750.
  • Further declines could push the price to $112,500 or $110,500.

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Below the 50 level.