Key points:
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Bitcoin does not close above $ 117,200, opening the to support the reestimations.
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An event of expiration of giant options of $ 4.9 billion adds more friction for Bitcoin Bulls on Friday.
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Order book liquuidity shows offers of $ 110,000 and more, creating a “magnet” for the price.
Bitcoin (BTC) a key daily closure was lost on Friday since merchants expected short -term BTC price losses.
Bitcoin adds winds against the daily failure of the lady
Co -Intelegraph Markets Pro and TrainingView data showed that BTC/USD has become limited to a daily closure above $ 117,200.
This had one of the key lines in the sand in the precious short -term time: a recovery would allow the price to review $ 120,000, the analysis said.
Bitcoin is on the cusp to print a daily closure within the range to start the recovery process
Bitcoin is a daily closure above ~ $ 117.2k of the preparation for a review of ~ $ 120k+$ BTC #Crypto #Bitcoin https://t.co/amroy2kut pic.twitter.com/efi4cjtpob
– Rekt Capital (@rektcapital) September 18, 2025
“Once we won this level, the road to $ 120K is open in my opinion,” the popular merchant Crypto Caesar wrote a bad Thursday in part of an X post on the subject in an explanatory table.
“However: the last time we rejected this level and returned to the light blue zone.”
The investor and cryptographic entrepreneur Ted Pillows predicted the pressure of the BTC downward prices that continues during the expiration event of the options of the week.
“$ BTC could not claim the level of $ 117,200 again. Today, $ 4.9 billion in futures and American shares options will expire,” he told X followers.
“Historically, this has resulted in volatility and consolidation downward in the stock market. And because the cryptography market follows the actions of the United States, volatility will change to Bitcoin and ALTS too. Be prepared.”
Commercial offers create $ 113,000 BTC Price “Magnet”
Other arguments in favor of the lowest levels focused on the liquuidity of the exchange order book.
Related: Bitcoin Price $ 150k Target arrives when the analyst sees weeks at the maximum of all time
Upding x followers, commercial resources Theingingfisher pointed out that most liquuidity is now below the price. The area between $ 110,000 and $ 113,000 was or particular interests.
Here is the deal, most merchants are still guessing. But look at this Kingfisher heat map for $ BTC.
Do you see those dense areas around 110k and 113k? Those are long LIQ areas. The price is magnets at these levels, eliminating snorted positions.
Above the current price, there are thin … pic.twitter.com/jdyseufdbg
– Thekingsher (@kingfisher_btc) September 19, 2025
The Ochain Glassnode Analytics platform agreed, pointing out the changes in the composition of the orders book after the Federal Reserve meeting on Wednesday.
There, the Federal Open Market Committee (FOMC) reduced interest rates for the first time in 2025, which led to new maximums of all time for gold markets and US stock markets.
“After FOMC, we can see that the shorts of $ BTC at 117K were tasks outside, and the long liquidations appear at 112.7k,” Glassnode summarized.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
