The post Bitcoin’s Monthly Candle Signals Strong Upside As Market Eyes $128K appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) has ended the month on a good footing as analysts identified a good technical setup that may lead to further gains. One of the most popular crypto strategists, Michael van de Poppe, referred to the monthly candle as phenomenal, indicating that the market is going to a new level of strength. The monthly candle of #Bitcoin looks absolutely phenomenal. It’s a strong signal that we’ll start to see more upside from here. What’s next, in the short-term? I think that we’ll see some consolidation, the $117K level is an important resistance zone and basically the final… pic.twitter.com/Pg4IDoS7zc — Michaël van de Poppe (@CryptoMichNL) September 13, 2025 Following weeks of consecutive gains, Bitcoin is currently poised for a crucial short-term consolidation before it can reach new heights. Key Resistance at $117K Van de Poppe says that the immediate resistance traders should observe is at the level of $117,000. According to the analyst, this is essentially the last zone before Bitcoin can be able to enter the uncharted and approach a new all-time high. Although there is still a lot of optimism, it may be anticipated that consolidation will take place in the coming days as the market digests the recent gains. A sustained breakout above 117,000 would almost certainly validate an additional increase in Bitcoin’s price. Indicators Support Bullish Momentum for Bitcoin Technical indicators are recording better conditions. The Relative Strength Index (RSI) is at 59 today, up from 54 in the last three weeks, indicating that it has the momentum and has yet to reach the overbought status. This slow ascending of the RSI indicates that Bitcoin can yet gain momentum, in line with the forecast of Van de Poppe, who believes that there could be a breakout following a short period of consolidation. Altcoins See Strong Gains…

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Filed under: News - @ September 14, 2025 1:23 am