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Bitcoin Price Keeps Climbing to $118K: Breakout Signals and Targets
The Bitcoin price keeps climbing, settling above $116,500 with a high near $117,920 before a minor correction, as MACD loses pace and RSI stays above 50. A bullish trend line at $116,500 supports potential for $118,500 if $117,850 clears. This article analyzes the Bitcoin price keeps climbing setup, technicals, levels, scenarios, and implications in the $3.5 trillion cryptocurrency market on September 19, 2025.
Price Snapshot
The Bitcoin price keeps climbing after breaking above $116,500, reaching $117,920 before correcting below $117,200. It tested the 50% Fib retracement from $115,247 low to $117,920 high, holding above $116,500. This reflects recovery amid Fed liquidity, maintaining stability above the 100 hourly SMA. Trading volumes support the uptrend, tying to broader market gains. The Bitcoin price keeps climbing if supports endure.
Technical Cues
In the Bitcoin price keeps climbing analysis, the hourly MACD loses pace in the bullish zone, signaling potential slowdown. The hourly RSI remains above 50, indicating moderate strength. A bullish trend line at $116,500 aligns with the 76.4% Fib level, providing support. These cues suggest the Bitcoin price keeps climbing if momentum rebounds. Divergence risks consolidation without volume.
Support/Resistance Map
The Bitcoin price keeps climbing depends on supports at $116,500 (initial) and $116,000 (major), with further downside to $115,250 and $114,500. Resistances start at $117,500, followed by $117,850 and $118,000. Clearing $118,000 could target $118,500, $118,800, or $119,250. The Bitcoin price keeps climbing above $118,000 enhances upside.
Breakout Scenarios
For the Bitcoin price keeps climbing to accelerate, a close above $117,850 could push toward $118,000 and beyond. Failure at $117,500 risks a pullback to $116,500, with breaks below $116,000 targeting $115,250. The bullish trend line at $116,500 is key; holding it favors recovery. The Bitcoin price keeps climbing if resistances clear.
Market Implications
The Bitcoin price keeps climbing ties to Fed liquidity in a $3.5 trillion market, potentially leading altcoins. If supports hold, BTC could rally; otherwise, corrections deepen. This setup reflects sensitivity to policy and technicals.
Final Insights
The Bitcoin price keeps climbing above $116,500, with a high at $117,920, eyes $119,250 if $118,000 clears, despite MACD caution. In a $3.5 trillion market, $116,500 support is crucial post-Fed trends. Monitor $117,500 for Bitcoin price keeps climbing resolution. Track technicals for updates.