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Bitcoin rises on Federal Reserve expectations

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BTCUSD

البيتكوين 2-9-2025

Bitcoin is trading above the $107,690 support level, and prices are likely to retest the $113,350 resistance level. This scenario would be invalidated if the mentioned support level is broken to the downside.​

Support

107690​ 105100​ –
Resistance 113350​ 118280​

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Bitcoin continued its upward climb, approaching the $110,000 level after a daily increase ranging between 2% and 3%, supported by higher liquidity and growing investor confidence in the markets. Analyses indicate that Bitcoin is moving around a critical support zone near $110,000, and if it manages to break through the resistance at $111,000, it could pave the way for a larger bullish wave that may extend beyond $140,000 by the end of the year. Although September is historically known for weaker performance of the cryptocurrency, current data suggests strong positive momentum that reinforces the likelihood of a continued rally.
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