{"id":53899,"date":"2025-09-22T05:25:17","date_gmt":"2025-09-22T05:25:17","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53899"},"modified":"2025-09-22T05:25:18","modified_gmt":"2025-09-22T05:25:18","slug":"bitcoin-traders-have-these-btc-price-levels-in-mind-at-116k","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53899","title":{"rendered":"Bitcoin traders have these BTC price levels in mind at $116K"},"content":{"rendered":"<div class=\"post__block post__block_lead-text\" data-v-43e640e6=\"\">\n<p class=\"post__lead text-fg-default\" data-v-43e640e6=\"\">Bitcoin market participants saw the area at $117,200 and above as particularly important heading into the weekly close and fresh US macro data.<\/p>\n<\/div>\n<div class=\"flex flex-wrap justify-between items-center post__block post__block_post-actions mb-4\" data-v-43e640e6=\"\">\n<div class=\"flex items-center\">\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>Key Bitcoin price levels above and below spot price are here as BTC is about to start a new week.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">A quiet weekend is slated to give way to volatility as fresh macro catalysts appear.<\/p>\n<\/li>\n<li>\n<p>A \u201cbusy week\u201d will see the release of the Federal Reserve\u2019s favorite US inflation gauge.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin kept traders guessing into Sunday\u2019s weekly close as analysis focused on the final resistance before all-time highs.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01996c8e-5adf-7ec1-b797-f87a4e06c211\" alt=\"\" \/><figcaption><em>BTC\/USD one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<h2>BTC price wedged between crunch levels<\/h2>\n<p>Data from\u00a0Cointelegraph Markets Pro\u00a0and\u00a0TradingView\u00a0showed BTC\/USD hovering below $116,000.<\/p>\n<p>This meant that the price remained wedged between support and resistance at $114,000 and $117,200, respectively.<\/p>\n<p>As\u00a0Cointelegraph reported, both levels were on the radar throughout last week as price reacted to US macroeconomic volatility triggers.<\/p>\n<p>\u201cThe retest of $114k (black) into support continues to be successful but there is resistance at ~$117.2k (blue),\u201d popular trader and analyst Rekt Capital\u00a0summarized\u00a0while uploading a corresponding chart to X on the day.<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThis makes for a range-bound construction and we&#8217;ll soon find out how weak or strong a resistance $117.2k really is.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01996c88-d5b2-7137-b0f6-f0e33dc5f1af\" alt=\"\" \/><figcaption><em>BTC\/USD one-week chart. Source: Rekt Capital\/X<\/em><\/figcaption><\/figure>\n<p>Fellow trader Daan Crypto Trades had an expanded view, focusing on $112,000 and $118,000 for market cues.<\/p>\n<p>\u201cVery little happening indeed. It\u2019s now the 4th weekend in a row where we have seen little volatility and likely no gap being created,\u201d he\u00a0acknowledged, referring to weekend \u201cgaps\u201d in CME Group\u2019s Bitcoin futures market.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cWe&#8217;ll see where this wants to go next week. Main short term levels for me to watch are $112K &amp; $118K.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01996c89-5701-79c6-9941-f20fed6e013c\" alt=\"\" \/><figcaption><em>BTC\/USDT 15-minute chart. Source: Daan Crypto Trades\/X<\/em><\/figcaption><\/figure>\n<p>Crypto investor and entrepreneur Ted Pillows agreed on the lack of movement on BTC\/USD.<\/p>\n<p>\u201cIt has been consolidating around the $116,000 level for some time now,\u201d part of an X post\u00a0stated.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cIf bulls are able to push Bitcoin above the $117,000 region, a rally could happen. Otherwise the plan will be a dump followed by a rally in Q4.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01996c89-df8b-7c75-a273-5bea6caf206b\" alt=\"\" \/><figcaption><em>BTC\/USDT one-day chart. Source: Ted Pillows\/X<\/em><\/figcaption><\/figure>\n<h2>Bitcoin faces new week of Fed volatility triggers<\/h2>\n<p>The macro outlook looked set to provide more volatility for crypto and risk assets into the end of September.<\/p>\n<p><em><strong>Related:\u00a0<\/strong><\/em><em><strong>Bitcoin price $150K target comes as analyst sees weeks to all-time highs<\/strong><\/em><\/p>\n<p>The US Federal Reserve\u2019s \u201cpreferred\u201d inflation gauge, the Personal Consumption Expenditures (PCE) index, was due out on Sept. 26.<\/p>\n<p>Various Fed officials, including Chair Jerome Powell, were due to speak throughout the week, just days after they voted to enact the\u00a0first interest-rate cut of 2025.<\/p>\n<p>\u201cWe have another busy week ahead,\u201d trading resource The Kobeissi Letter\u00a0commented\u00a0in an X thread on the topic.<\/p>\n<p>Kobeissi noted that markets would be looking for hints as to future Fed policy in the upcoming macro data, with its next interest-rate decision due on Oct. 29.<\/p>\n<p>Data from CME Group\u2019s\u00a0FedWatch Tool\u00a0showed markets overwhelmingly confident that another 0.25% cut would result.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01996c8a-575e-7f97-a543-3a917aa2b4ac\" alt=\"\" \/><figcaption><em>Fed target rate probabilities for October FOMC meeting (screenshot). 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Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin market participants saw the area at $117,200 and above as particularly important heading into the weekly close and fresh US macro data. Key points: Key Bitcoin price levels above and below spot price are &hellip; <a title=\"Bitcoin traders have these BTC price levels in mind at $116K\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53899\"><span class=\"screen-reader-text\">Bitcoin traders have these BTC price levels in mind at $116K<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53901,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin traders have these BTC price levels in mind at $116K - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53899\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin traders have these BTC price levels in mind at $116K - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin market participants saw the area at $117,200 and above as particularly important heading into the weekly close and fresh US macro data. 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