Bitcoin $BTC Losing $115,440 Support Could Spell Trouble Ahead

Key Points:

• Bitcoin holds above $115,440, with $137,302 as the next upside target if support remains intact.
• Bearish divergence signals weakening momentum despite recent higher highs near $115,745.
• VWAP support at $114,500 cushions selling pressure as Futures Pressure Index drops sharply.

Bitcoin is trading around $115,925 as of September 16, 2025, showing signs of consolidation near a critical support level. According to Glassnode’s MVRV Pricing Bands, $115,440 marks the +0.5σ support, which currently acts as a pivot.

A move below this support could open downside targets toward the mean band at $93,576, exposing BTC to a deeper correction. However, if bulls maintain strength above this zone, price may aim for the +1.0σ resistance at $137,302.

Bearish Divergence Signals Momentum Weakness

Despite a recent higher high at $115,745, momentum indicators show a lower high, signaling potential weakness in upward strength. This bearish divergence indicates that buying pressure may be fading, increasing the chance of a short-term reversal.

If sellers gain control, price could retest key zones between $114,000 and $112,800, where previous buying emerged.

Futures Market Adds Pressure as VWAP Support Holds

Furthermore, data from CryptoQuant shows the Futures Pressure Index has dropped to 32.5, reflecting a surge in bearish sentiment. Yet, Bitcoin’s spot price remains resilient above the 14-day VWAP at $114,500, where strong absorption is observed.

This ongoing defense above VWAP suggests futures-driven selling is being offset by steady spot demand, which supports a consolidation phase. If BTC maintains this level, it may continue ranging with slight bullish bias and limited downside.

Price Movement Remains Mixed Amid Uncertain Momentum

Bitcoin shows minimal hourly changes with a -0.02% move, while daily and weekly charts reflect mild declines of -0.91% and -0.11%. Despite short-term pressure, key supports remain intact, providing room for recovery if momentum returns.

The $115,440 and $114,500 zones remain critical, as breakdowns below these levels could accelerate further losses. Holding current support may prevent bearish continuation and help preserve the broader trend.