‎Bitcoin Bullish Continuation Amid Short-Term Pullback

‎BTCUSD Market Analysis – September 20

‎Bitcoin (BTCUSD) continues to maintain its long-term bullish trajectory despite facing a temporary retracement.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $110,400.00, $102,800.00
‎Resistance Levels: $120,300.00, $129,400.00

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin has recorded a significant bullish break of structure, reinforcing the prevailing uptrend that began in May 2025. The market has consistently printed new highs, further confirming the strength of the bullish momentum.
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‎Recently, BTC briefly surpassed the $120,300 supply level before retreating toward the $110,400 demand zone. Price rejected this key level and surged higher, breaking structure once more and signaling the continuation of the broader bullish trend with eyes set on retesting the $120,300 level.
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‎The daily Relative Strength Index (RSI) adds confluence, as rising momentum underscores strong buyer dominance. While a slight decline is unfolding, this move is expected to trigger the daily order block before price resumes its upward trajectory.

‎BTCUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, Bitcoin’s pullback becomes more evident. Following the recent break of structure, bullish momentum has slowed, with price slipping below the 4-hour Moving Average — a short-term bearish signal.
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‎The 4-hour RSI confirms this weakness, showing a sharp decline toward the oversold region. Once price taps into the daily bullish order block, the 4-hour RSI is also expected to align by reaching oversold territory. This confluence should provide additional confirmation for the bullish resumption, supporting the continuation of the broader uptrend.

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