On the daily bitcoin chart, price has recovered from the early-September dip near $107,270 and is stair-stepping higher toward the $116,500 to $118,000 area that capped rallies in August. The structure shows successive higher lows and higher highs, while participation eased on the latest push, which argues for confirmation before expecting continuation. A decisive daily close above $118,000 would open $124,000; failure to clear that zone risks a rotation toward the $113,500 to $114,500 support window carved by recent pullbacks.
BTC/USD 1-day chart via Bitstamp on Sept. 12, 2025.
On the 4-hour bitcoin chart, the advance that started Sept. 7 from roughly $110,021 remains intact, with rising swing lows pressing into a shelf near $116,358. Momentum has been constructive on impulsive candles, but the ceiling remains nearby and has rejected advances several times. Clearing $116,358 would put 118,000 in view; if momentum stalls again, higher-probability entries historically formed on retracements into 113,500 to 114,000, where prior demand emerged and invalidation is easier to define.
BTC/USD 4-hour chart via Bitstamp on Sept. 12, 2025.
The 1-hour view shows a clean break from the $113,460 per bitcoin area, followed by a mild countertrend sequence of lower highs as volume tapered. For intraday participants, the $114,500 to $115,000 pocket serves as a first reaction zone to monitor for reversal candles and renewed turnover. If bounces continue to stall below $116,300 to $116,500, trimming risk into that band remains prudent until breadth and volume expand enough to resolve the range.
BTC/USD 1-hour chart via Bitstamp on Sept. 12, 2025.
Oscillators are mixed and slightly constructive. The relative strength index (RSI) is 56 (neutral), the Stochastic oscillator (Stoch) is 93 (neutral), the commodity channel index (CCI) is 196 (neutral), the average directional index (ADX) is 16 (neutral), the Awesome oscillator (AO) is −467 (neutral), momentum (MOM) is 3,616 (bearish), and the moving average convergence divergence (MACD) level is −152 (bullish). Taken together, this blend favors a cautiously bullish stance near support and patience at resistance until momentum confirms.
Trend filters lean upward across time frames. The exponential moving average (EMA) 10 is $112,826 (bullish), the simple moving average (SMA) 10 is $112,252 (bullish), the EMA 20 is $112,610 (bullish), the SMA 20 is $111,386 (bullish), the EMA 30 is $112,940 (bullish), the SMA 30 is $112,889 (bullish), the EMA 50 is $113,122 (bullish), the SMA 50 is $114,554 (bullish), the EMA 100 is $111,028 (bullish), the SMA 100 is $112,328 (bullish), the EMA 200 is $104,964 (bullish), and the SMA 200 is $102,206 (bullish). In combination with the 1-day and 4-hour higher-low structure, which supports a constructive outlook while the market holds above the mid-$113,000s, with $118,000 the next pivotal inflection.
Bull Verdict:
While bitcoin holds above the mid-$113,000s and secures a clean reclaim of $116,358 followed by $118,000, the higher-low structure and broadly bullish exponential moving averages (EMA) and simple moving averages (SMA) stack across 10–200 periods favor continuation toward $120,000–$124,000. Confirmation would be an hourly or 4-hour close above $116,500 with expanding volume; risk shifts if price loses $114,000 intraday or a daily close falls below $113,500.
Bear Verdict:
If rallies keep stalling beneath $116,300–$116,500 and price rolls through $114,500–$113,500, the combination of a mid-range relative strength index (RSI), subzero awesome oscillator (AO), and negative momentum (MOM) would tilt the tape lower toward $112,000–$110,000. Confirmation would be a daily close under $113,500 with rising turnover; this view is invalidated on sustained acceptance above $118,000 with improving breadth.
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