BTCUSD Market Analysis – September 13
Bitcoin continues to showcase strong bullish momentum, and traders are closely watching its ability to clear major resistance levels that could open the way for a fresh rally.
Bitcoin (BTCUSD) Key Levels
Support Levels: $109,100.00, $98,500.00
Resistance Levels: $119,600.00, $128,500.00
BTCUSD Long-Term Trend: Bullish
From the consolidation phase that held between May and July 2025, Bitcoin broke out with a bullish expansion that set the tone for the overall upward trend. Price initially advanced toward the $119,600 supply level, breaching it but failing to establish a higher high. This weakness triggered a significant bearish retracement, pulling price back to the $109,100 demand level.
At that point, a reverse head-and-shoulders pattern emerged, signaling the birth of a renewed bullish phase. The momentum has since strengthened, and price is once again testing the $119,600 supply level. This time, buyers are expected to push beyond it, potentially driving Bitcoin toward the $128,500 mark.
BTCUSD Medium-Term Trend: Bullish
On the 4-hour chart, Bitcoin remains in a strong bullish structure, consistently forming higher highs and higher lows. The 4-hour Moving Average also confirms this stance, with price steadily trading above it.
Recently, price reacted positively to a key order block, fueling further bullish momentum as it approaches the $119,600 supply level. With the Moving Average maintaining its bullish bias, market sentiment strongly favors an eventual breakout to higher targets.
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