Overview
- Bitcoin trades near $111,000–$113,000, roughly 9% below its $124,500 all‑time high, with $108,000–$110,000 acting as support and a daily close above $114,000 flagged as the trigger for bullish continuation.
- On‑chain data show 7,626 BTC aged 3–5 years moving, signaling long‑term holder distribution as analysts note ETFs and institutional vehicles continue to absorb supply.
- A resistance cluster around the 50‑, 100‑ and 200‑day moving averages near $112,000–$115,000 caps rebounds, while a loss of $110,000 could open tests toward $106,000–$108,000.
- September’s track record remains a headwind, with researchers highlighting it as Bitcoin’s weakest month and identifying September 21 as a historically poor trading day.
- Outlooks diverge: K33 Research cites a tactical buy zone at $94,000–$101,000, CoinSpectator compiles bearish targets as low as $72,000–$80,000, and CryptoBirb estimates roughly 50 days remain before a potential cycle peak in late October to mid‑November.