The post Bitcoin Price Drop To $113K Before New FOMC Highs Possible appeared on BitcoinEthereumNews.com.

Key takeaways: Bitcoin could retest the $111,000–$113,000 zone, mirroring the breakout structure seen in Q2. The URPD metric shows 5.5% of BTC supply clustered between $110,000–$113,000. Fresh mid-sized holders absorbed whale distribution of 715,000 BTC. Bitcoin (BTC) has rallied nearly 6% in September, defying its bearish seasonality. After a strong weekly performance, the asset topped near a major supply zone between $115,600 and $117,300. A decisive close above $117,300 would signal a potential push toward new highs. With the upcoming Federal Open Market Committee (FOMC) meeting and expectations of interest rate cuts on Wednesday, Bitcoin is undergoing a mild correction on Monday, dipping below $114,500. Analysis suggests this dip could present a favorable buying opportunity. From a technical perspective, the critical retest zone sits between $111,000 and $113,000. This mirrors the structure observed in Q2. In June, BTC rallied from sub-$100,000 lows to $109,000, consolidating just below the $110,000 resistance. After an initial rejection, the market absorbed liquidity near $105,000 before breaking out to fresh highs in July above $120,000. Bitcoin one-day chart. Source: Cointelegraph/TradingView A similar pattern appears to be developing now. If the current uptrend is to remain intact, Bitcoin should hold the $111,000–$113,000 range. A deviation below this level would weaken the bullish case, while stability here could confirm another structural breakout. The relative strength index (RSI) also aligns with this view, having reclaimed the 50 level and now testing it as support. Historically, this setup has preceded renewed buying momentum, as witnessed in June. Crypto analyst ShayanBTC noted that miner behavior is reinforcing the constructive outlook, “The combination of a technical structure shift and miner accumulation provides a constructive outlook. As long as $112K holds, Bitcoin appears well-positioned to sustain momentum.” Related: Bitcoin daily dip hits 2% as ‘classic’ BTC price action precedes FOMC “Fresh” Bitcoin…

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Filed under: News - @ September 16, 2025 11:29 am