Bitcoin faces resistance at $118K, but ETFs could push BTC price higher

1 hour ago

Key takeaways:

Bitcoin’s nonaccomplishment to emergence beyond $118,000 points to beardown absorption astir this area.
Bitcoin ETFs recorded six days of consecutive inflows totaling $2 billion.
BTC strategical reserves and ETF holdings person jumped by 30% successful 2025, signaling dependable organization demand.

Bitcoin (BTC) exchange-traded funds (ETFs) recorded six days of consecutive inflows, starring traders to judge that its terms could emergence to $118,000 up of the FOMC.

Bitcoin’s “crucial resistance” sits astatine $118,000

Bitcoin’s 9% rally from its Sept. 1 debased of $107,270 stalled astir $118,000, suggesting that suppliers are aggressively defending this level.

“Bitcoin is inactive nicely consolidating,” said MN Capital laminitis Michael van de Poppe successful his latest investigation connected X, pointing retired that “crucial resistance” remains astatine $117,500.

“If that breaks, we’ll beryllium successful a large territory for a imaginable caller ATH.”

Bitcoin traded astatine $115,300 connected Tuesday, with nary wide directional bias arsenic bulls and bears fought for control, information from Cointelegraph Markets Pro and TradingView showed.

Traders appeared to beryllium taking a wait-and-see attack arsenic they shifted their absorption to the post-FOMC gathering minutes and Fed Chair Jerome Powell’s code connected Wednesday.

Bitcoin expert AlphaBTC says terms could emergence to $118,000 implicit the adjacent 24 hours earlier retreating aft the FOMC complaint decision is confirmed.

— AlphaBTC (@mark_cullen) September 16, 2025

The BTC/USDT liquidation heatmap shows a precocious attraction of liquidations astir $118,000, suggesting that it’s so a important absorption level.

Traders should support an oculus connected this country arsenic it could enactment arsenic a magnet, with the terms rising to drawback this liquidity earlier pulling back.

This country “looks truly juicy from a liquidity constituent of view,” said AlphaBTC connected Tuesday, adding:

“I inactive expect we spot a tally to 118K sooner alternatively than later, BUT past we whitethorn spot a further propulsion backmost station the Rate decision.”

As Cointelegraph reported, buyers were required to propulsion BTC terms supra $117,500 to summation the chances of restesting the $124,500 all-time high.

Persistence spot ETF inflows bullish for BTC price

As Bitcoin traders grapple with the imaginable to resume its recovery, persistent accumulation and buying spot from Bitcoin treasury companies and spot BTC ETFs could supply overmuch of the tailwinds.

Spot Bitcoin ETFs person seen beardown inflows for six consecutive trading days, starting with inflows of implicit $364 cardinal connected Sept. 8 and continuing done Monday, with an further $260 million. In total, implicit $2 cardinal successful superior moved into Bitcoin ETFs implicit this period.

“US spot Bitcoin ETFs saw nett inflows of ~5.9k BTC connected Sept. 10, the largest regular inflow since mid-July,” said marketplace quality steadfast Glassnode successful an X station connected Monday, adding:

“This pushed play nett flows positive, reflecting renewed ETF demand.”

Data from BitcoinTreasuries.NET highlights that corporate holdings of strategical reserves and ETFs person risen 30% successful 2025, climbing to 2.88 cardinal BTC connected Tuesday from 2.24 cardinal connected Jan. 1. The summation underscores a dependable consolidation of BTC proviso into the hands of large organization and firm players.

Additional information from CoinShares shows Bitcoin dominated superior inflow into exchange-traded products (ETPs) past week, with BTC concern products attracting a full of $2.4 cardinal successful inflows, marking beardown organization capitalist appetite for the asset.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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