The post Bitcoin (BTC) Bulls Target $113,000 Resistance: Breakout Ahead? appeared on BitcoinEthereumNews.com.

The Bitcoin bulls are currently helping the $BTC price to drill through the important $113,000 horizontal resistance level. If this level can be surpassed and confirmed as support, the next task would be to break out of the ascending channel formation, and make a higher high beyond $117,400. $BTC changing back to bullish mode We are only 9 days into September and that is also the time since the $BTC price switched into bullish mode. The descending channel that encompassed the price since its all-time high of $124,000 was only 18 days long, but for many it seemed like an eternity, and for some it was as if Bitcoin had been to the top and that now it was going to descend into a huge correction, or even into a bear market. Of course, one only has to remember that monetary easing is ongoing across the world and that the US will potentially be entering a rate cut cycle as soon as next week. At least for the next several months Bitcoin is likely to be in a benign monetary environment. Will it make hay?  $BTC meets important $113,000 horizontal resistance Source: TradingView The 4-hour chart for $BTC illustrates how the bulls are attempting to drive the price through the important $113,000 resistance level. Looking left, it can be seen how this horizontal level has formed the strongest resistance over the last couple of weeks. If this level can be overcome and flipped into support, the next target would be a breakout of the top of the ascending channel. Ascending channels break down the majority of times, so an upside break would be very bullish. Next would be a higher high above $117,400, and if this could be confirmed above, $120,000 would be the only barrier before the all-time high.…

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Filed under: News - @ September 9, 2025 5:41 pm