Bitcoin’s Wild Ride: Will $118K Be the Magic Number to Rule Them All? 🐂🔥

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Key points:

  • Bitcoin bulls, those relentless dreamers, are playing their eternal game of “flip the level”-can they actually break $118,000 next, or is it just another episode of financial soap opera?

  • New all-time highs loom on the horizon like a mysterious stranger at a midnight train station, if the Fed continues its dance of rate cuts and market tickles.

  • Exchange traders, armed with wallets fat enough to make any czar envious, are sprinkling liquidity on both sides of the price like a confectioner with sugar.

Bitcoin (BTC), that volatile wizard of digital wealth, attempted the noble feat of turning $117,000 into support last Thursday-prompted by the Federal Reserve’s interest-rate cut, a move that seemingly made Wall Street’s ghosts dance with glee.

Eyes peeled like a babushka watching her samovar: Bitcoin’s price levels to watch

Data from the omniscient oracles of CryptoMoon Markets Pro and the chart gods at TradingView revealed BTC/USD gaining a modest 1.3% after the day’s curtain call.

Volatility strutted onto the stage as the US Federal Reserve unveiled its first rate cut of 2025: a neat 0.25%, perfectly fitting market expectations like a tailored suit. 🎩

After a dramatic tumble below $115,000 that had all the suspense of a Dostoevsky novel, Bitcoin sprang back, annihilating over $100 million in long and short positions as if erasing unwanted debts at a cosmic creditors’ meeting.

$BTC update:

FOMC Price Action nailed 🔨

Monday and Tuesday: a lull so boring that even the ghosts took a nap;
Wednesday: volatility with the finesse of a tragicomic ballet, featuring the classic “false move” retrace.

$105M vaporized in 30 minutes during FOMC-note this well, my friends.

Simply adore this market madness. Next stop? Probably $120k, or as they say in our circles, “the moon’s cousin.”

– CrypNuevo 🔨 (@CrypNuevo) September 17, 2025

Traders, those hopeful optimists armed with charts and restless fingers, dared to dream that bulls would cement their kingdom and storm the gates of all-time highs.

“The truly pressing question: will $BTC smash this indomitable resistance zone, or retreat like a timid cat from the stranger’s doorstep?” pondered the crypto sage Michaël van de Poppe in a cryptic X post.

Lo and behold, a chart appeared! The bulls’ next battleground marked at a majestic $118,000, glowing like a beacon for greedy eyes and trembling hands alike.

“One certitude I clutch like Iván’s pistol: once Bitcoin steadies its wild heart, the Altcoins will erupt like volcanic geysers at a dacha party,” he added with reckless prophecy.

The formidable Daan Crypto Trades, a trader whose wisdom could fill a Tolstoy novel, agreed on the sacredness of the $118,000 mark. At the august gathering in Jackson Hole, Fed Chair Jerome Powell’s gentle words formed a local peak, a monument carved by the market gods.

“$BTC: $118K is the ‘high volume node,’ dear reader. Simply put, this is where the crowd gathered, the vodka flowed, and fortunes changed hands,” he noted gravely on X.

The prophecy was thus-and clear-the BTC/USD would “quickly visit” its all-time highs if $118,000 were to transform from villain to hero, from resistance to support.

Liquidity thickens around Bitcoin like Moscow fog, awaiting its moment

Exchange order books, those ledgers as mysterious and opaque as bureaucratic Russian archives, showed swelling liquidity on either side of Bitcoin’s spot price last Thursday.

After the Fed’s initial tremor-a polite way to say “chaos in slippers”-traders returned, erecting “guardrails” to hold the price hostage’s narrow corridor between despair and ecstasy.

The wise sages at CoinGlass highlighted $116,500 and $119,000 as the sacred boundaries to watch, lest one loses their head in the frenzy. 🎩

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2025-09-18 13:57