Strong Resistance at $118,000 for Bitcoin
Bitcoin’s inability to surpass $118,000 indicates significant resistance in this zone.
The strategic reserves of BTC and ETF holdings have increased by 30% in 2025, indicating consistent institutional demand.
Bitcoin (BTC) exchange-traded funds (ETFs) experienced six consecutive days of inflows, leading traders to speculate that its price may approach $118,000 ahead of the FOMC meeting.
The 9% rally in Bitcoin from its September 1 low of $107,270 encountered resistance around $118,000, suggesting that sellers are firmly defending this price point.
“Bitcoin is still nicely consolidating,” stated MN Capital founder Michael van de Poppe in his recent analysis on X, noting that “crucial resistance” is positioned at $117,500.
On Tuesday, Bitcoin traded at $115,300, showing no distinct directional tendency as bulls and bears competed for dominance, according to data from TradingView.
Traders seemed to be adopting a wait-and-see strategy as they redirected their attention to the upcoming FOMC meeting minutes and Fed Chair Jerome Powell’s speech scheduled for Wednesday.
Bitcoin analyst AlphaBTC suggests the price might reach $118,000 within the next 24 hours, before pulling back once the FOMC rate decision is confirmed.
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No adjustments to my strategy; I still believe the 118K level will be breached within the next 24-48 hours. Then we will gauge the level of conviction or selling pressure following the FOMC Rate Decision.
The BTC/USDT liquidation heatmap reveals a significant concentration of liquidations near $118,000, underscoring its status as a critical resistance level.
Traders should monitor this region, as it could act as a magnet, with prices potentially rising to capture this liquidity before retreating.
This area “looks really juicy from a liquidity point of view,” remarked AlphaBTC on Tuesday, adding:
According to news, buyers need to push the BTC price above $117,500 to enhance the likelihood of retesting the all-time high of $124,500.
As Bitcoin traders consider the prospect of resuming recovery, ongoing accumulation and buying momentum from Bitcoin treasury firms and spot BTC ETFs could provide substantial support.
Spot Bitcoin ETFs have experienced solid inflows for six straight trading days, beginning with over $364 million in inflows on September 8, followed by an additional $260 million through Monday. Altogether, more than $2 billion has entered Bitcoin ETFs during this time frame.
“US spot Bitcoin ETFs saw net inflows of approximately 5.9k BTC on September 10, marking the largest daily inflow since mid-July,” stated market intelligence firm Glassnode in a post on X, adding:
Data from BitcoinTreasuries.NET reveals that the combined strategic reserves and ETF holdings have grown 30% in 2025, increasing to 2.88 million BTC on Tuesday from 2.24 million on January 1. This rise highlights a consistent consolidation of BTC supply among major institutional and corporate stakeholders.
Further insights from CoinShares indicate that Bitcoin led capital inflow into exchange-traded products (ETPs) last week, with BTC investment products drawing a total of $2.4 billion in inflows, reflecting strong interest from institutional investors in the asset.
This article does not provide investment advice or recommendations. Every investment and trading decision carries risks, and readers should perform their own research before making choices.
