Bitcoin at 117K: Breakout or Bull Trap?
Bitcoin tests 117K resistance after breakout. Key supports at 116.7K and 116.3K - next move depends on a clean break or pullback toward 115K.
16 Sep., 2025
16 Sep., 2025
BTC Knocks on 117K 🚪
Bitcoin surged through 116.3K and 116.7K, even tagging above 117K before sellers pushed back. That makes 117K the big line in the sand.
The setup now:
📈 Bullish path: Hold 116.7K or 116.3K as support, another push at 117K. Break it clean, and momentum could carry higher.
📉 Bearish path: Lose 116.3K → opens risk of a deeper pullback toward the old support box around 115K–114.5K.
Big picture:
BTC has left the 115K floor behind for now, with stacked supports below.
The 200 MA on the 1H still sits way under that zone, a safety net if sellers really press.
👉 Translation: BTC is right under resistance, with buyers defending fresh breakout levels below.
The next move depends on whether 117K breaks or holds.
Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.
