{"id":88977,"date":"2025-09-16T17:56:14","date_gmt":"2025-09-16T14:56:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88977"},"modified":"2025-09-16T18:01:57","modified_gmt":"2025-09-16T15:01:57","slug":"analyst-highlights-the-significance-of-the-117500-level-for-bitcoins-rally","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-highlights-the-significance-of-the-117500-level-for-bitcoins-rally\/","title":{"rendered":"Analyst Highlights the Significance of the $117,500 Level for Bitcoin&#8217;s Rally"},"content":{"rendered":"<p>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 Micha\u00ebl van de Poppe.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is still nicely consolidating. <\/p>\n<p>The crucial resistance remains the same, this is the $117.5K area.<\/p>\n<p>If that breaks, we&#8217;ll be in a great territory for a potential new ATH. <a href=\"https:\/\/t.co\/IV4PZ5EOcK\">pic.twitter.com\/IV4PZ5EOcK<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1967852201298268563?ref_src=twsrc%5Etfw\">September 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The price of Bitcoin has risen by 9% from its local September low of $107,270. However, the rally has slowed near $118,000.<\/p>\n<p>At the time of writing, the digital gold is trading around $115,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"599\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9661657ed0c01d59-4426661526172831-1024x599.png\" alt=\"image\" class=\"wp-image-265870\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9661657ed0c01d59-4426661526172831-1024x599.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-9661657ed0c01d59-4426661526172831-300x175.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-9661657ed0c01d59-4426661526172831-768x449.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-9661657ed0c01d59-4426661526172831-1536x898.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-9661657ed0c01d59-4426661526172831.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>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.<\/p>\n<p>Currently, all market attention is focused on the meeting of the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Federal Reserve<\/span>, during which the regulator will decide on the key rate. The event is scheduled for September 17.<\/p>\n<p>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&#8217;s meeting results.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> LTF game plan \ud83d\udcc8<\/p>\n<p>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.<\/p>\n<p>Can <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> hold 115K post the decision? Or will it sell off\u2026 <a href=\"https:\/\/t.co\/7JleDfrKgR\">https:\/\/t.co\/7JleDfrKgR<\/a> <a href=\"https:\/\/t.co\/x6d9EB9pTW\">pic.twitter.com\/x6d9EB9pTW<\/a><\/p>\n<p>\u2014 AlphaBTC (@mark_cullen) <a href=\"https:\/\/twitter.com\/mark_cullen\/status\/1967798307041816983?ref_src=twsrc%5Etfw\">September 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">What Could Support the Upward Trend?<\/h2>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">US Spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs saw net inflows of ~5.9k BTC on Sept 10th, the largest daily inflow since mid-July.<\/p>\n<p>This pushed weekly net flows positive, reflecting renewed ETF demand as BTC consolidates above the $114k level.<\/p>\n<p>Chart Link: <a href=\"https:\/\/t.co\/HngTwoZ2Mv\">https:\/\/t.co\/HngTwoZ2Mv<\/a> <a href=\"https:\/\/t.co\/cseoA9cxrx\">pic.twitter.com\/cseoA9cxrx<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1967490111890940324?ref_src=twsrc%5Etfw\">September 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;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,&#8221; noted Glassnode analysts.<\/p>\n<\/blockquote>\n<p>Since the beginning of 2025, the volume of Bitcoin under the management of public companies and exchange-traded funds has increased by 30%\u2014from 2.24 million BTC to 2.88 million BTC.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"262\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a1f95644a08ad312-4426718064731017-1024x262.png\" alt=\"image\" class=\"wp-image-265871\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a1f95644a08ad312-4426718064731017-1024x262.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1f95644a08ad312-4426718064731017-300x77.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1f95644a08ad312-4426718064731017-768x197.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1f95644a08ad312-4426718064731017-1536x393.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-a1f95644a08ad312-4426718064731017.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"http:\/\/bitcointreasuries.net\">BitcoinTreasuries.NET<\/a>.<\/figcaption><\/figure>\n<p>Investor interest in digital gold is also confirmed by CoinShares data. According to the latest report, Bitcoin-based investment products <a href=\"https:\/\/forklog.com\/en\/news\/crypto-funds-attract-3-3-billion-in-a-week-amid-weak-us-macroeconomic-data\">received<\/a> $2.4 billion last week.<\/p>\n<p>Earlier, a trader <a href=\"https:\/\/forklog.com\/en\/news\/trader-flags-key-bitcoin-level-ahead-of-the-fed-meeting\">identified<\/a> a key support level for the leading cryptocurrency ahead of the Federal Reserve meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surpassing Bitcoin&#8217;s key resistance at $117,500 could lead to new all-time highs, says MN Capital&#8217;s Micha\u00ebl van de Poppe.<\/p>\n","protected":false},"author":1,"featured_media":88978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"ETF inflows may support Bitcoin's upward trend.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,569,1249],"class_list":["post-88977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-etf","tag-federal-reserve-system"],"aioseo_notices":[],"amp_enabled":true,"views":"187","promo_type":"1","layout_type":"1","short_excerpt":"ETF inflows may support Bitcoin's upward trend.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88977"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88977\/revisions"}],"predecessor-version":[{"id":88979,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88977\/revisions\/88979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88978"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}