#Bitcoin is trying to hold the $112,000 level but is struggling. A close below this level will push the price toward the key support area of $110,000. We may see an upward movement in the market at any time. Avoid using high leverage.
Bitcoin Options Update
The max pain point is concentrated near $110K, where most options would expire worthless. This level often acts like a gravitational pull into expiry.
🔹 The size of this contract means hedging flows could heavily influence spot price until roll-off at 8:00 am UTC, Friday, Sept 26.
🔹 Once expired, the market may see sharper volatility moves, with price action freed from options pressure.
#Bitcoin continues to show choppy movement, and there is no clear direction yet. This pattern is likely to persist, so let's see how the global markets open on Monday. The resistance level remains unchanged.
#Bitcoin experienced a significant drop due to the news about the war in Iran. The price tested a lower support level and then rebounded from that point. We'll have to monitor how the situation in the war unfolds in the coming days. If the price breaks below $103,000, it could fall to the support area between $100,000 and $101,000.
#Bitcoin tested the resistance area three times but was rejected. The price broke the local support area and is now heading towards the next support level. The recent price drop is due to escalating war news from Iran.
😨 Investor Sentiment Takes a Hit Despite Shallow Pullback
Even though Bitcoin only dipped to $101K, market sentiment reacted sharply.
🔻 The Fear and Greed Index briefly slipped into Fear territory
📉 Concerns are rising over a potential double-top pattern — similar to what we saw in the 2021 cycle
🤔 Many investors remain cautious, fearing history might repeat
While the drawdown was mild, the psychological impact is real. Watch key levels closely — the next few days are critical for trend confirmation.
#Bitcoin Dominance broke the rising wedge pattern in downward direction as expected. Altcoin are showing some upward movement and we may see good rally if BTC remains stable in a range. We may see a drop to the local support area of 61.90%-62.20% in the following week.
