{"id":96394,"date":"2025-09-14T08:00:55","date_gmt":"2025-09-14T08:00:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=96394"},"modified":"2025-09-14T08:00:55","modified_gmt":"2025-09-14T08:00:55","slug":"analyst-says-bitcoin-is-a-strong-buy-if-it-overcomes-118k-heres-why","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=96394","title":{"rendered":"Analyst Says Bitcoin Is A Strong Buy If It Overcomes $118K \u2014 Here\u2019s Why"},"content":{"rendered":"

The price of Bitcoin has struggled to capitalize on its recent bullish momentum<\/a>, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency\u2019s potential to resume its bull run and reach a new all-time high price.<\/p>\n

A crypto expert on social media platform X has come forward with an interesting outlook for the Bitcoin price, stating that the market leader could be gearing up for its next explosive move. However, the on-chain analyst added that a certain condition must be met for BTC to resume its uptrend.<\/p>\n

A Break Above $118,000 Could Precede Price Explosion: Analyst<\/h2>\n

In a September 13 post on X, Alphractal founder and CEO Joao Wedson revealed<\/a> that the price of Bitcoin could be preparing for an extended rally over the next few weeks. The on-chain data expert shared that the premier cryptocurrency will need a convincing break above the $118,000 level to confirm the resumption of the bull run.<\/p>\n

Wedson noted in his post that $117,000 is actually the price mark<\/a> to watch out for, as it represents a zone of strong interest and indecision. Specifically, two on-chain indicators\u2014the CVDD Channel and the Fibonacci-Adjusted Market Mean Price\u2014have designated this price level as a point where the market is likely to slow down or form a local top.<\/p>\n

According to analytics platform Alphractal, the CVDD Channel is a metric that estimates historical price floors and risk zones based on the coin destruction data and Fibonacci envelopes. Meanwhile, the Fibonacci-Adjusted Market Mean Price combines the market mean price with Fibonacci bands to identify structural expansion and value zones.<\/p>\n

Wedson highlighted that both the CVDD Channel and the Fibonacci-Adjusted Market Mean Price have revealed \u201ceerily accurate levels\u201d of support and resistance throughout Bitcoin\u2019s price history. Currently, these metrics are pointing to $117,000 as a level that could provide resistance to the upward movement of the Bitcoin price.<\/p>\n

In the end, Wedson concluded that this zone could be critical to the market leader\u2019s next move to the upside<\/a>. However, the Alphractal founder advised Bitcoin investors to wait for a clear, sustained breakout above $118,000 to confirm that bullish momentum is back.<\/p>\n

Bitcoin Price At A Glance<\/h2>\n

As of this writing, the price of BTC stands at around $115,905, reflecting no significant change in the past 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency\u2019s potential to resume its bull run and reach a new all-time high price. A crypto expert on social media platform […]<\/p>\n","protected":false},"author":0,"featured_media":96395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96394"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96394"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96395"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}