Surpassing the key resistance level of $117,500 could pave the way for Bitcoin to reach new all-time highs, according to MN Capital founder Michaël van de Poppe.
#Bitcoin is still nicely consolidating.
The crucial resistance remains the same, this is the $117.5K area.
If that breaks, we’ll be in a great territory for a potential new ATH. pic.twitter.com/IV4PZ5EOcK
— Michaël van de Poppe (@CryptoMichNL) September 16, 2025
The price of Bitcoin has risen by 9% from its local September low of $107,270. However, the rally has slowed near $118,000.
At the time of writing, the digital gold is trading around $115,000.
According to van de Poppe, significant liquidity for long positions is concentrated at the $118,000 mark. The expert believes this level is crucial for further growth.
Currently, all market attention is focused on the meeting of the Federal Reserve, during which the regulator will decide on the key rate. The event is scheduled for September 17.
An analyst known as AlphaBTC predicted that Bitcoin will test the $118,000 level within the next 24 hours. He expects a correction following the Federal Reserve’s meeting results.
📈#Bitcoin LTF game plan 📈
No change to my plan, I still think that 118K level gets taken out in the next 24-48hrs, then we see how much conviction or sell pressure comes in as the FOM Rate Decision is confirmed.
Can #Bitcoin hold 115K post the decision? Or will it sell off… https://t.co/7JleDfrKgR pic.twitter.com/x6d9EB9pTW
— AlphaBTC (@mark_cullen) September 16, 2025
What Could Support the Upward Trend?
Corporate treasuries and spot Bitcoin ETFs continue to accumulate cryptocurrency, creating a favorable backdrop for its price. Over six trading sessions, these instruments attracted more than $2 billion.
US Spot #Bitcoin ETFs saw net inflows of ~5.9k BTC on Sept 10th, the largest daily inflow since mid-July.
This pushed weekly net flows positive, reflecting renewed ETF demand as BTC consolidates above the $114k level.
Chart Link: https://t.co/HngTwoZ2Mv pic.twitter.com/cseoA9cxrx
— glassnode (@glassnode) September 15, 2025
“On September 10, US spot Bitcoin ETFs recorded a net inflow of ~5900 BTC, the largest daily intake since mid-July. Weekly inflows turned positive, reflecting renewed demand for ETFs,” noted Glassnode analysts.
Since the beginning of 2025, the volume of Bitcoin under the management of public companies and exchange-traded funds has increased by 30%—from 2.24 million BTC to 2.88 million BTC.
Investor interest in digital gold is also confirmed by CoinShares data. According to the latest report, Bitcoin-based investment products received $2.4 billion last week.
Earlier, a trader identified a key support level for the leading cryptocurrency ahead of the Federal Reserve meeting.