Bitcoin Eyes New Highs as Bullish Momentum Builds

‎BTCUSD Market Analysis – September 11 ‎

‎Bitcoin continues to display resilience in the market, with recent technical patterns signaling the possibility of a renewed push toward fresh all-time highs.

Bitcoin (BTCUSD) Key Levels

‎Support Levels: $109,500.00, $100,500.00
‎Resistance Levels: $120,500.00, $129,200.00

‎BTCUSD Long-Term Trend: Bullish

‎In August 2025, Bitcoin entered a notable bearish retracement as buyers briefly paused after sustaining a prolonged bullish run. Price declined toward the $109,900 demand level, where a failed low pattern emerged—an early signal of a potential bullish reversal.
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‎The presence of this failed low, reinforced by the daily Moving Average, provides strong confirmation that bullish momentum may soon resume. This setup reflects increasing buyer confidence, suggesting that another upward rally could propel Bitcoin beyond its previous records.
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‎Additionally, the daily Relative Strength Index (RSI) highlights rising buyer strength, signaling a clear advantage over sellers. With momentum building, Bitcoin appears to be in the early stages of bullish resumption, with the $120,500 supply level serving as the next key upside target.

‎BTCUSD Medium-Term Trend: Bullish

‎On the 4-hour chart, Bitcoin reveals a clear bullish structural outlook. A market structure shift has occurred following the failed low formation, reinforcing the onset of a new bullish phase.
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‎The 4-hour RSI, however, shows price edging closer to oversold conditions, which may prompt a brief retracement before further gains. Such a pullback could retest the 4-hour order block, offering buyers another opportunity to strengthen their positions before price continues its upward trajectory.

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