Market participants now speculate that Bitcoin’s next move could test $116,000 — a key resistance level that could set the stage for a renewed rally toward its all-time high.
As of September 9, 2025, Bitcoin price stands near $111,917, posting a modest 0.7% gain in the last 24 hours. According to market data, BTC’s 24-hour trading volume hovers around $25.57 billion, signaling healthy liquidity as traders position for the next move.
Bitcoin (BTC) was trading at around $111,917, up 0.74% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
Technical indicators show a neutral setup, with Bitcoin’s Relative Strength Index (RSI) at 48, approaching the neutral 50 mark. This suggests momentum is shifting away from bearish territory. A bullish crossover on the MACD also points to improving buying pressure, supporting the case for a potential breakout.
Macroeconomic data released last week added fuel to the bullish narrative. The latest U.S. Nonfarm Payrolls report showed only 22,000 jobs were added in August, missing expectations and signaling labor market weakness. Revisions to June’s data even revealed job losses for the first time since 2020.
September Fed rate cut odds have surged to 100%, signaling near-certainty of a policy shift. Source: Whale Insider via X
With the unemployment rate climbing to 4.3% and wage growth slowing to 3.7% YoY, markets now expect the Federal Reserve to cut interest rates three times by the end of 2025. Lower borrowing costs generally encourage risk-on sentiment, driving demand for cryptocurrencies like Bitcoin.
This macro backdrop has been a major catalyst for the recent recovery. Risk appetite has returned across global markets, and Bitcoin price predictions suggest that if momentum continues, BTC could challenge the $116K barrier sooner than expected.
Beyond macro factors, institutional participation is giving Bitcoin bulls fresh confidence. Japanese investment company Metaplanet topped up another 136 BTC into its wallet on Monday, raising its total holdings to 20,136 BTC.
Metaplanet acquired 136 BTC for $15.2M at $111,666 each, bringing total holdings to 20,136 BTC worth $2.08B with a 487% YTD yield. Source: Simon Gerovich via X
El Salvador, which became the pioneer country to declare Bitcoin as legal tender, celebrated its fourth year of its Bitcoin Law by purchasing 21 BTC. The country now has approximately 6,313 BTC worth over $706 million using today’s market prices.
Adding to the bull case, Bitcoin spot ETFs saw $246.42 million inflows last week, a second straight week of positive flows. While lower than July inflows that sent BTC to near $120,000, this continued demand indicates stronger institutional interest.
After three consecutive weeks of retreats from its record high of approximately $124,474, BTC rebounded nearly 3% over the last week. If bulls remain in charge, the next major resistance will be about $116,000, and that will set the stage for an even larger rally.
BTC’s breakout above a long-term descending trendline signals a sentiment shift, clearing sell-side liquidity and paving the way for a potential bullish continuation. Source: Louigi_24 on TradingView
Should Bitcoin fall victim to a rejection, there are good support levels at $105,500–$110,000 that have been deeply stacked by whales. A drop below there would invalidate the bullish setup and trigger an extended correction.
On the current front, sentiment is optimistic on a cautionary basis, with traders closely monitoring Fed speak, ETF inflows, and levels of support and resistance. With momentum continuing, a retest of all-time highs for Bitcoin will be back in the picture come Q4.
Also read: Avalanche (AVAX) Price Prediction: ETF Momentum and On-Chain Growth Point Towards $100+ Breakout
