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Bitcoin rises on Federal Reserve expectations

Technical Analysis
By Mostafa Mahmoud
Bitcoin rises on Federal Reserve expectations
0 6

BTCUSD

البيتكوين 2-9-2025

Bitcoin is trading above the $107,690 support level, and prices are likely to retest the $113,350 resistance level. This scenario would be invalidated if the mentioned support level is broken to the downside.​

Support

 107690​ 105100​ –
Resistance 113350​ 118280​

–

Bitcoin continued its upward climb, approaching the $110,000 level after a daily increase ranging between 2% and 3%, supported by higher liquidity and growing investor confidence in the markets. Analyses indicate that Bitcoin is moving around a critical support zone near $110,000, and if it manages to break through the resistance at $111,000, it could pave the way for a larger bullish wave that may extend beyond $140,000 by the end of the year. Although September is historically known for weaker performance of the cryptocurrency, current data suggests strong positive momentum that reinforces the likelihood of a continued rally.
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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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