Bitcoin (BTC) Update – September 8, 2025

■ Current Situation: We mentioned in the previous post that the monthly close was negative at $108,193, and we have seen a current weekly close at $111,137, which is also a negative close..

Currently, the price is moving above the support at 111,844$ with continued selling pressure below the descending trend line shown in the chart. If the price can hold above the resistance at $111,844, we may see an upward movement towards the next resistance at: 115,726 – 118,492

If this area is broken and maintained above, it will support a retest of the peak area at: 121,360 – 122,763 and breaking this peak is expected to extend the movement towards areas: 132,000 – 157,000, God willing, if the upward momentum continues.

■ Initial Targets:

First Target: 115,726 – 118,492  (+3.9% – +5.9%)

Second Target: 121,360 – 122,763  (+9.2% – +10.4%)

■ Current Support: $111,844 if broken, the price returns to test the broader support at: 108,000 – 106,000 (−2.7% – −4.3%)

■ Next Support (if the main support is broken):

103,531 – 101,324 (−6.8% – −8.8%)

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Summary: The price is currently within an important technical support range. Holding above 111,844$ strengthens the bullish scenario to test resistance levels, while the scenario of a pullback remains possible if this support is broken and returns towards 108k – 106k.