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.
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.
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.
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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