BTC Technical Analysis Report 29 September, 2025
BTC cryptocurrency can be expected to rise further toward the next round resistance level 120000.00.
- BTC reversed from support zone
- Likely to rise to resistance level 120000.00
BTC cryptocurrency recently reversed up from the support zone set between the round support level 110000.00 (former strong resistance from May and June, which has been reversing the price from the end of August, as can be viewn from the daily BTC chart below), lower daily Bollinger Band and 50% Fibonacci correction of the sharp upward impulse from the end of June. The upward reversal from this support area stopped begined the active short-term impulse wave 3 of the medium-term impulse wave (3) from the begin of September.
Given the bullish sentiment viewn across the cryptocurrency markets today and the clear uptrend on the daily BTC charts, BTC cryptocurrency can be expected to rise further toward the next round resistance level 120000.00.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you viewk independent professional advice or conduct your own independent research before acting upon any information contained in this article.
