Bitcoin’s uptrend will face resistance at $120,000, as Coinidol.com reports in the latest BTC price analysis.
Bitcoin price long-term prediction: bullish
The price of Bitcoin (BTC) is currently trading in an uptrend zone following the breakouts of September 11. Since its rally, Bitcoin has risen to a record high of $117,640.
Since September 18, the upward momentum has stalled below the $118,000 mark. Bitcoin price has fluctuated below the recent high and above the 50-day SMA support over the last 48 hours. However, the formation of doji candlesticks has kept the price movement stable.
Now, the uptrend will face resistance at $120,000. If buyers push the price above $120,000, Bitcoin will return to its previous high of $123,640. At the time of writing, the price of Bitcoin stands at $116,153.
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
The price bars on the daily chart are above the horizontal moving average lines. The 21-day SMA is moving upwards, just below the 50-day SMA. On the 4-hour chart, the price bars are above the upward moving average lines, indicating an uptrend. Doji candlesticks also dominate the price action. This has led to Bitcoin remaining stationary.
BTC/USD price chart – September 19, 2025
What is the next step for Bitcoin?
Bitcoin is steadily rising above the moving average lines but has stalled below the $118,000 level. On the 4-hour chart, Bitcoin is trading in a narrow range above the moving average lines but below the $118,000 mark. The Bitcoin price is fluctuating but remains firmly above the $117,000 support level. Bitcoin’s uptrend will continue if it rises above the current support level.
BTC/USD 4-hour price chart – September 19, 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.