Bitcoin tests resistance area which may cap
Bitcoin is digging into its $111,982.45-to-$113,510.23 resistance area which may cap ahead of Friday’s options expiry.
Bitcoin roundup
Bitcoin's recent pullback may have been exacerbated by “max pain” positioning in options markets. With a $17.5 billion options expiry looming on Friday, the “max pain” price - the strike level that causes the greatest collective loss for option holders - is positioned near $107,000.00. That could act as a magnet if selling pressure intensifies.
Some analysts argue that the recent decline could offer a compelling entry point for the rest of 2025, especially if broader conditions improve.
Looking forward, a few key themes are likely to determine Bitcoin’s next moves. First, central bank and macro policy announcements will be critical: any indication of further easing or dovish pivoting could reignite momentum. Second, institutional and whale demand will matter more than ever; if large capital continues flowing in during dips, it limits how far downside can go. Finally, technical and derivatives levels - options max pain zones, key support ranges, and open interest clusters - must be monitored closely, since they often dictate short-term inflection points in such a leveraged, sentiment-sensitive market.
Bitcoin drops to key support zone
Bitcoin bearish scenario:
Bitcoin is digging into the lower boundary of its $111,982.45-to-$113,510.23 resistance zone which may cap this week. If so, the June peak and 4 September low at $110,617.03-to-$109,385.95 may be revisited. Further down lie last week's low at $108,709.05 and also the early September low at $107,286.25.
Bitcoin bullish scenario:
As long as Bitcoin remains above last week's $108,709.05 low and managed to break through the $111,982.45-to-$113,510.23 resistance area, recent bullish momentum may be maintained.
In this case the 24 September high at $114,042.32 may be reached as well as the mid-September low at $114,398.76.
Bitcoin daily candlestick chart
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