‎Bitcoin Regains Momentum as Bullish Trend Strengthens
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‎Bitcoin Regains Momentum as Bullish Trend Strengthens

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Azeez Mustapha

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‎BTCUSD Market Analysis – September 7

Bitcoin regains momentum as the broader bullish trend resumes, signaling renewed buying pressure after a temporary bearish retracement. The recent recovery suggests that the market is preparing for further upward movement, with buyers taking control at key demand levels.

Bitcoin (BTCUSD) Key Levels

‎Support Levels: $112,400.00, $101,500.00
‎Resistance Levels: $123,700.00, $131,500.00

 ‎Bitcoin Regains Momentum as Bullish Trend Strengthens

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin has successfully reestablished its bullish trajectory after rising above the $101,500 level, which confirmed the continuation of its broader uptrend. The bullish drive extended past the $112,300 demand zone and reached as high as the $123,700 supply level, demonstrating strong buyer commitment during that phase of the rally.

‎However, selling pressure emerged at the $123,700 supply level, triggering a corrective bearish trend. This decline briefly pushed price action below the $112,300 zone, yet sellers were unable to secure a breakdown. Instead, the level acted as firm support, preventing a deeper move lower and preserving the bullish market structure.

‎This recovery has now led to the formation of a rising bullish trendline, serving as a key indicator of market sentiment. Technical signals also favor this outlook, with price trading above the Moving Average while the Relative Strength Index reflects improving buying strength. Together, these indicators highlight the likelihood of continued bullish momentum as Bitcoin eyes higher levels once again.

 ‎Bitcoin Regains Momentum as Bullish Trend Strengthens

BTCUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, Bitcoin shows the early phase of renewed bullish momentum at a fractal level. The breakout above minor bearish resistance has shifted the short structure into bullish alignment, suggesting growing strength in the market.

‎If price decisively clears the $112,300 demand level, larger bullish momentum is expected to follow, with the potential to retest and possibly breach supply levels above. This reinforces the medium-term outlook, which continues to lean strongly in favor of the bulls.

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