According to the analysis by Coinidol.com, the price retracement suggests that BTC will reach $122,647.80.
Bitcoin price long-term prediction: bullish
The price of Bitcoin (BTC) has recovered after falling to a low of $107,650 on August 29. On September 1, BTC price rallied twice and broke through the 21-day SMA barrier and eventually rose above the moving average lines. The BTC price has risen from a low of $107,650 to a high of $116,610.
The cryptocurrency is experiencing a minor retracement above the moving average lines. If the 50-day SMA support level holds, the uptrend will resume. Furthermore, the price indicator has predicted that the cryptocurrency will continue to rise.
On September 5, the candlestick body of the uptrend tested the 38.2% Fibonacci retracement. The retracement suggests that BTC will reach the 2.618 Fibonacci extension or $122,647.80. However, at the time of writing, Bitcoin was trading at $115,450.
Technical indicators
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Key supply zones: $120,000, $125,000, $130,000 -
Key demand zones: $100,000, $95,000, $90,000
BTC price indicators analysis
After the recent breakout, the price bars have risen back above the moving average line. However, as it retraces above the moving average lines, the BTC price is facing initial resistance at its recent high. Bitcoin will rise if the retracement remains above the 50-day SMA support.
On the 4-hour chart, the retracement will remain above the 21-day SMA support, allowing the cryptocurrency to continue its uptrend.
BTC/USD daily chart – September 13, 2025
What’s the next move for Bitcoin?
Bitcoin is in an uptrend after breaking above the $107,000 support level. On the 4-hour chart, the upward momentum has stalled below the $117,000 level.
Meanwhile, BTC prices are oscillating above the 21-day SMA support but below the $117,000 level. Bitcoin will rise if buyers keep the price above the $117,000 mark. Similarly, Bitcoin will fall if it breaks below the 21-day SMA support.
BTC/USD 4-hours chart – September 13, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.