Bitcoin is consolidating just around the $114K level after weeks of volatility. The daily chart suggests momentum is fading, while the 4-hour chart highlights a tightening structure near resistance. Meanwhile, on-chain data continues to point to structural accumulation. On the daily chart, Bitcoin has broken out of its rising channel but is now struggling to reclaim higher levels. If bulls can close above the moving average, the next target will be the $124K all-time high zone. The $104K fair value gap is the key demand area supported by the 200-day moving average.
Source: CryptoVizArt
More posts by this author, 2025-09-11; https://cryptopotato.com/bitcoin-price-analysis-btc-battles-key-resistance-on-path-to-new-ath/