Tl; Dr.
- The price of Bitcoin crashed hard last week and at a certain point from more than $ 115,000 to less than $ 109,000.
- However, the Active succeeded in staying above an important level of support, so that it could fly to its highest peak of more than $ 124,000.
Crash does not stop BTC (for now)
When we zoom out for a few more days, the Bitcoin price disaster becomes even clearer. The Cryptocurrency challenged $ 118,000 on September 18, just after the American Federal Reserve has lowered the interest rates for the first time this year.
However, it could not reclaim that level and go to $ 120,000. Exactly the opposite, it started to lose value gradually and withdrew into $ 115,500 during the weekend. However, the actual pain came at the start of the business week when the bears took full control over the market and BTC drove to $ 112,000 in the beginning and to the lowest price position since the beginning of September of less than $ 109,000.
Bitcoin tested that support with a few times, which succeeded in it for the time being. According to Ali Martinez, the actual Make-Or-Break level is $ 107,200. If BTC stays above it, the chances on a solid rebound are quite high up to $ 115,000 and even $ 123,000, he said.
Bitcoin $ BTC Defending $ 107,200 could feed a rebound to $ 115,000 and even $ 123,000. pic.twitter.com/lr7ootfmru
– Ali (@ali_charts) September 28, 2025
The analyst with nearly 160,000 followers on X outlined another graph, which could be further short -term pain for BTC, but would also lead to a new all time in the coming months, if history repeats.
Wonder if Bitcoin $ BTC plays the same fractal … pic.twitter.com/qavpmyhre7
– Ali (@ali_charts) September 27, 2025
More forward for us?
Cryptowzrd also relied on historical data to predict a more positive future for BTC. The analyst noted that Bitcoin fell in the same month in 2023 and 2024, because September usually ends in the red for the cryptomarkt.
Both September corrections were followed by parabolic runs and cryptowzrd sketched The possibility of another meeting towards the end of the year.
Crypto Tony is also bullish on BTC because he can ‘smell a dirty huge pump’. He believe October is ‘Uptober’, as many in the community refer to it, given the increase in the crypto market in that month in previous years.
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