The post Bitcoin Price Hits 1-Month High As Expert Predicts $123,288 Soon Amid New Long Positions appeared on BitcoinEthereumNews.com.

Key Insights: Bitcoin price rose to a new monthly high near $118,000 as optimism built around the Federal Reserve’s latest rate cut. Bitcoin’s order flow indicates that new long positions are entering the market. Other altcoins also staged strong gains after Jerome Powell’s speech. A top expert highlighted $115,440 as a strong support base for a price rally to $137,300. Bitcoin climbed to a monthly high near $118,000 as optimism built around the Federal Reserve’s latest rate cut by 25 basis points. Notably, this marks a one-month peak for BTC price, which has sparked market optimism. At the time of writing, BTC price was trading at $117,415, which represents a daily uptick of 1%. During Jerome Powell’s speech, he noted that job growth had slowed, unemployment was slightly up, and inflation had risen. The central bank also noted that risks to employment had increased, pointing to a more dovish stance moving forward. Additionally, on-chain data shows an increase in new long positions, which could be a major driving force for BTC to reach $120,000. Bitcoin Price Eyes New ATH, Analyst Predicts According to an analysis by Michael van de Poppe on X, Bitcoin price is testing a crucial resistance at $119,000. He said that this level will determine the next phase of movement to the next high. Meanwhile, if the market breaks through, the next target sits near $123,700. This level also lines up with a previous liquidity grab. However, on the downside, support rests at $114,700 and then around $111,900, where buyers may look for entry. Bitcoin Price Analysis | Source: Michael van de Poppe, X Overall, momentum is positive, but traders should watch for confirmation at resistance before expecting another leg higher. A clean retest could open the door to new highs. In addition, crypto analyst Ali Martinez…

---

Filed under: News - @ September 19, 2025 12:31 am