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BTC/USD: Shows Exhaustion
I am a buyer of BTC at 117,000 with a stop at 115,000 and a target 0f 119,900. Bitcoin initially rallied during the trading session on Friday but pulled back to show signs of hesitation. In fact, it looks like the $116,000 level is a major barrier, and if we can break above that level, then it has to deal with the $117,000 level, which is resistance as well. Ultimately, the pair has rallied quite nicely, and now it looks as if it might be a little bit overextended at the moment. The technical analysis for this market is a bit overextended, so the fact that we are struggling doesn’t surprise me too much. Ultimately, ... (full story)
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Sep 15, 2025 4:06am
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