The post Bitcoin Hovers Near $116K as Crypto Euphoria Fades – BTC Technical Analysis appeared on BitcoinEthereumNews.com.

Rongchai Wang
Sep 14, 2025 09:08

Bitcoin trades at $115,905 with mixed signals as investor enthusiasm wanes. RSI shows neutral momentum while BTC approaches key resistance levels.

Quick Take • BTC currently trading at $115,905.88 (-0.04% in 24h) • Bitcoin’s RSI at 58.89 signals neutral momentum with room for upward movement • Fading crypto euphoria among institutional Bitcoin buyers creates headwinds What’s Driving Bitcoin Price Today? The BTC price faces pressure from diminishing institutional enthusiasm, as companies holding significant Bitcoin reserves have experienced sharp declines in their share prices. This shift represents a notable cooling of the crypto euphoria that previously drove institutional accumulation strategies. Recent market dynamics have been influenced by historical patterns, particularly around September 8th, which historically shows a 72% probability of Bitcoin declines with an average drop of 1.30%. While this date has passed, the psychological impact continues to weigh on trader sentiment. Despite these headwinds, Bitcoin has shown resilience by recovering from recent lows around $110,000 to current levels above $115,000. The BTC price remains well above its 200-day simple moving average of $102,490, indicating the underlying bullish structure remains intact even as short-term sentiment deteriorates. BTC Technical Analysis: Mixed Signals Emerge Bitcoin technical analysis reveals a complex picture with both bullish and cautionary signals. The most significant bullish indicator comes from the MACD histogram at 823.6849, suggesting strong underlying momentum despite recent price consolidation. Bitcoin’s RSI currently sits at 58.89, positioning the cryptocurrency in neutral territory with room for further upward movement before reaching overbought conditions. This BTC RSI reading suggests that selling pressure hasn’t reached extreme levels, leaving space for potential rallies. The Bollinger Bands analysis shows Bitcoin trading near the upper band at $116,669.54, with a %B position of 0.9209. This indicates the BTC…

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Filed under: News - @ September 14, 2025 10:26 am