The Bitcoin market has recently shown remarkable performance, with price fluctuations attracting investor attention. Currently, the Bitcoin trading price is around $109,420, with a slight daily fall of 0.25%. Despite the minor pullback, analysts remain optimistic about its upward potential.

Market observers point out that Bitcoin is challenging the key resistance level of $112,000. If it successfully breaks through this level, it could quickly advance to $117,000. Technical indicators show that the Relative Strength Index ( RSI ) is in the oversold region, while the 50-day exponential moving average provides support, all of which support the sustainability of the current bull market trend.

However, some analysts also remind investors to pay attention to downside risks. If Bitcoin fails to hold the support level of $109,000, it could lead to a pullback to around $101,000, where the 200-day exponential moving average provides potential support.

Looking ahead, some market forecasts suggest that the price of Bitcoin could fluctuate between $98,700 and $118,000 in September 2025, with an average price of around $108,000. By October, the price is expected to rise to around $122,000. This optimistic expectation is partly based on the potential rate cut policy of the Federal Reserve and the continued inflow of funds into Bitcoin ETFs.

Despite potential fluctuations in the short term, long-term investors remain confident in the growth prospects of Bitcoin. Market participants suggest that investors should closely follow key price levels and macroeconomic factors to develop appropriate investment strategies.