Key Points:
Bitcoin cannot close over $117,200 and opens the door to support Retosto.
More friction will be added to the Bitcoin Bulls on Friday.
The liquidity of the order book indicates that the bid is over $110,000 and creates a “magnet” of the price.
Bitcoin (BTC) missed the daily key on Friday as traders expected a loss in the short-term BTC price.
Bitcoin adds headwinds after a close mistake every day
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD avoided a daily day by more than $117,200.
This was one of the key lines of sand in a short time frame. The recovery will allow the price to be revisited $120,000, the analysis says.
#BTC
Bitcoin is in cusp printing daily closures within range to kickstart the recovery process
Bitcoin is away from preparing for a revisiting of $120k+$btc #crypto #crypto #bitcoin https://t.co/amroy2kutn picitter.com/efi4cjtpob, beyond one day of ~117.2k
– Rekt Capital (@rektcapital) September 18, 2025
“In my opinion, once you get this level, the road to $120K is paved by,” popular trader Crypto Caesar wrote Thursday in part of an X post on the topic along with an explanatory chart.
“But last time I refused this level and returned to the Light Blue Zone.”
Crypto Investor and Antrepreneur Ted Pillows predicted downward pressure on BTC prices through this week’s Option Expiry event.
“$BTC was unable to regain the $117,200 level again. Today, $4.9 trillion in US stock futures and options is expired,” he told X-followers.
“Historically, this has resulted in negative side volatility and integration in the stock market. And as the crypto market continues to follow US stocks, volatility will also shift to Bitcoin and alt. Be prepared.”
Trader Bid creates a BTC price “magnet” of $113,000
Other arguments in favour of a lower level focus on the liquidity of exchange order books.
Related: Bitcoin price $150K goal comes as analysts are watching the best weeks of history
Updating X Followers, The Kingfisher’s trading notes that most liquidity is below prices. The $110,000 to $113,000 area was particularly interesting.
This is the trade, most traders still speculate. But look at the $BTC heatmap for this Kingfisher heatmap.
Do you see the dense zones of 110k and 113k? They are long liq zones. Prices are magnets at these levels and wash away excess positions.
More than the current price, thin, pic.twitter.com/jdyseufdbg
– Thekingfisher (@kingfisher_btc) September 19, 2025
GlassNode, the Onchain Analytics platform, agreed and noted the changes in order book composition after Wednesday’s Federal Reserve meeting.
So, in 2025, the Federal Open Market Committee (FOMC) cut interest rates for the first time, bringing its highest ever high in both gold and the US stock market.
“I post the FOMC and see that 117K $BTC shorts are taken out and a long liquidation is manifesting at 112.7K,” GlassNode summed up.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
