Technical and Fundamental Analysis of Bitcoin – 2025-09-08

🟡 Current Market Overview

• Current Price: $116,911


• Daily High: $117,689


• Daily Low: $115,917


• Daily Change: -0.49% decline


• Market Cap: $2.32 trillion


• 1-Year Return: +92%

📊 Technical Analysis

1. Key Levels

Type	Price	Description
Resistance	$117,500	Tested multiple times, yet unbroken
Support	$113,000	Stabilized floor over the past week
Critical Support	$109,000	Breakdown could trigger major correction

2. Chart Patterns

• Lower High / Lower Low structure in short-term timeframes → bearish pressure


• Negative RSI divergence → weakening buying momentum


• Symmetrical triangle on 4-hour chart → nearing breakout

3. Indicators

• RSI below 50 → bearish bias


• 50 & 200-day moving averages → bullish structure still intact


• Low trading volume → potential for sudden breakout if volume spikes

🌐 Fundamental Factors

🔸 Federal Reserve Interest Rate

• 87% probability of rate cut in September


• Rate cut → increased risk appetite → Bitcoin rally

🔸 Institutional Investor Behavior

• Major firms like MicroStrategy and ETFs increasing purchases


• This behavior supports demand during price corrections

🔸 Market Sentiment

• Fear & Greed Index recently shifted from “Extreme Greed” to “Neutral”


• This shift often precedes high volatility

✅ Conclusion & Trading Suggestions

• Bitcoin is currently consolidating and preparing for its next move


• If resistance at $117,500 breaks, next targets are $120,000 and $124,000


• If support at $113,000 fails, price may drop toward $109,000 or even $105,000

🔸 Trading Recommendations

• For short-term traders: consider entry after resistance breakout, with stop-loss below $115,000


• For medium-term outlook: hold long positions targeting $124,000