{"id":98306,"date":"2025-09-21T01:30:41","date_gmt":"2025-09-21T01:30:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=98306"},"modified":"2025-09-21T01:30:41","modified_gmt":"2025-09-21T01:30:41","slug":"bitcoin-tests-weekly-open-as-113300-fair-value-gap-looms-what-it-means","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=98306","title":{"rendered":"Bitcoin Tests Weekly Open As $113,300 Fair Value Gap Looms \u2014 What It Means"},"content":{"rendered":"

Over the past week, the Bitcoin market experienced significant volatile price action, resulting in a net price loss of 0.07%. Notably, the crypto market leader initially surged to $118,000 as bullish sentiments rose after the US Federal Reserve announced the first interest rate cut<\/a> of 2025. <\/p>\n

However, Bitcoin has since retraced to around $115,700 in the past 24 hours, as transaction activity cooled off. In studying the asset\u2019s price structure, a popular market analyst with the X username KillaXBT has highlighted two important price levels.\n<\/p>\n

Bitcoin\u2019s Weekly Open Faces Pressure Amid Daily Imbalance Threat<\/h2>\n

In an X post<\/a> on September 19, KillaXBT shares a vital cautionary insight on the present Bitcoin market, identifying two support zones in danger. Notably, as of the latest session, BTC has retested its weekly open at $115,219, a level that has served as a key pivot point for both bulls and bears. <\/p>\n

Holding above this threshold would be a strong sign of strength, while a decisive move lower could tilt market sentiment bearish. However, there is also a heavy focus on a daily fair value gap extending down to $113,355, highlighted on the charts as an area of imbalance left behind by rapid price action.<\/p>\n

KillaXBT explains that losing the weekly open would likely trigger a price decline to $113,355 because such inefficiencies eventually get filled, as price retraces into the zone to rebalance order flow. However, there is also the presence of the previous wick low at $114,367, which currently sits just above the FVG zone. This intermediate support may act as a buffer before any deeper probe toward the $113,355 mark. <\/p>\n

According to KillaXBT, Bitcoin price holding above the weekly open and FVG price zone is critical for price action going into the next week. A successful price defence at these levels could result in a reclaim of $118,000 claim and potentially the present ATH at $124,000. Meanwhile, a decisive price fall below $113,355 would expose the premier cryptocurrency to downside targets around $112,000, $110,000, and $108,000.\n<\/p>\n

Bitcoin Price Overview<\/h2>\n

At the time of writing, Bitcoin is trading at $115,700, reflecting a 0.98% decline in the past day. Meanwhile, the trading volume is down by 17.14% and valued at around $35.8 billion. Despite a market cap of $2.3 trillion, Bitcoin\u2019s dominance now stands at 57.1% indicating an ongoing outperformance by altcoins as the altseason<\/a> potentially commences.<\/p>","protected":false},"excerpt":{"rendered":"

Over the past week, the Bitcoin market experienced significant volatile price action, resulting in a net price loss of 0.07%. Notably, the crypto market leader initially surged to $118,000 as bullish sentiments rose after the US Federal Reserve announced the first interest rate cut of 2025. However, Bitcoin has since retraced to around $115,700 in […]<\/p>\n","protected":false},"author":0,"featured_media":98307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98306","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\/98306"}],"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=98306"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98307"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}