Key points:
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Bitcoin does not close above $ 117,200, opening the door to support the reestes.
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A giant event of $ 4.9 billions of expiration of options adds additional friction for Bitcoin Bulls on Friday.
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The liquidity of the order book shows the mass of offers at $ 110,000 and more, creating a “magnet” for the price.
Bitcoin (BTC) missed a key daily life on Friday while traders expected BTC price loss in the short term.
Bitcoin adds opposite winds after a daily closed miss
Cointelegraph Markets Pro and TradingView data have shown that BTC / USD narrowly avoided a daily fence greater than $ 117,200.
This had been one of the key lines of sand on short deadlines – recovery would allow Price to review $ 120,000, the analysis said.
Bitcoin is about to print a daily closure inside the range to launch the recovery process
Bitcoin is a daily newspaper above ~ $ 117.2K of the preparation of a revisit of ~ 120K $ +$ BTC #Crypto #Bitcoin https://t.co/amroy2kutn pic.twitter.com/fi4cjtpob
– Rekt Capital (@RectCapital) September 18, 2025
“Once we have reached this level, the path at $ 120,000 is opened in my opinion,” the popular Crypto Caesar merchant wrote on Thursday in a post X on the subject alongside an explanatory table.
“However: the last time we rejected this level and returned to the light blue zone.”
The crypto investor and the entrepreneur TED pillows predicted the downward price pressure of the BTC continuing in the event expiration event of the week.
“$ BTC failed to recover the level of $ 117,200 again. Today, $ 4.9 billion in US and expire on US stock contracts,” he told followers.
“Historically, this has led to a drop in volatility and stock market consolidation. And because the cryptography market follows American actions, volatility will also pass through Bitcoin and Alts. Be ready. “
Trader’s offers create $ 113,000 BTC “loving” prices
Other arguments in favor of the lower levels have focused on the liquidity of the exchange book.
In relation: Bitcoin Price $ 150K The objective came while the analyst sees weeks at peaks of all time
Update of X subscribers, Trading Resource Thekingfisher noted that most liquidity is now below the price. The area between $ 110,000 and $ 113,000 was of particular interest.
Here is the agreement, most traders still guess. But look at this Kingfisher thermal card to $ BTC.
Do you see these dense areas around 110k and 113k? These are long LIQ areas. The price is magnets at these levels, eliminating the suspended positions.
Above the current price, there are thin,… pic.twitter.com/jdyseufdbg
– Thekingfisher (@Kingfisher_Btc) September 19, 2025
The Onchain Analytics Glassnode platform has agreed, noting changes in the composition of the order book after the meeting of the Federal Reserve on Wednesday.
There, the Federal Open Market Committee (FOMC) reduced interest rates for the first time in 2025, which resulted in new heights of all time for the stock markets of gold and the United States.
“Post FOMC, we can see that the short films from $ BTC to 117K have been withdrawn and that long liquidations appear at 112.7k,” said Lenode.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.