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The Bitcoin worth has dropped a fraction of a % within the final 24 hours to commerce at $116,936 as of 1 a.m. EST on a 35% lower in each day buying and selling quantity to $42.55 billion.
The slight drop within the BTC worth comes as a big golden statue of President Donald Trump holding a Bitcoin seems exterior the US Capitol in Washington, DC.
The statue was revealed simply after the US Federal Reserve minimize rates of interest by 25 foundation factors on Wednesday, bringing the benchmark fee right down to 4% to 4.25%.
JUST IN: 🇺🇸 Golden statue of President Trump holding a Bitcoin positioned exterior US capital. pic.twitter.com/LSoOqiwHHr
— Bitcoin Junkies (@BTCjunkies) September 17, 2025
Crypto traders organised the show to spark dialogue about digital cash and its place in politics and finance. The organisers known as Trump the “Bitcoin President,” saying his help helped Bitcoin acquire recognition and belief.
New protest sculpture on the Nationwide Mall pays tribute to “The Bitcoin President.” pic.twitter.com/EiE5vbc8Ty
— Andrew Leyden (@PenguinSix) September 17, 2025
In the meantime, NBA star Kevin Durant can be within the information after lastly regaining entry to his Bitcoin account on Coinbase, which he had been unable to entry for years.
Durant’s early funding in Bitcoin, which began means again in 2016, has became an enormous win.
NEW: NBA star Kevin Durant invested in Bitcoin in 2016 however was locked out of his Coinbase account till this week. 🚨
BTC was $650 then, now $117K, up 180x.
A $10K purchase could be value $1.8 MILLION as we speak. 🔥 pic.twitter.com/4kSlpU5XV9
— Bitcoin Archive (@BTC_Archive) September 18, 2025
Bitcoin Worth: On-Chain Developments Stay Bullish
On-chain information reveals that the variety of Bitcoin transactions retains climbing, and extra wallets are lively than ever earlier than. Bitcoin remains to be being moved off exchanges to long-term storage, that means many holders plan to maintain their cash for some time somewhat than promote at present costs.
Bitcoin Transaction Rely Supply: Crypto Quant
This reduces promoting strain and normally helps help the worth. The general well being of the Bitcoin blockchain stays sturdy. Regular progress in exercise and transactions offers confidence to merchants and traders.
Whereas there may be some warning, with folks ready to see what the Fed does subsequent, the on-chain image seems constructive for now.
Bitcoin Alerts Extra Upside as Momentum Stays Sturdy
Bitcoin is buying and selling at $116,962, after shifting up 1.43% within the final day. The worth is holding above vital help ranges at $110,000 and $105,000. These zones have not too long ago stopped any sharp drops.
The chart additionally reveals BTC above its 50-week shifting common, now at about $98,000. This shifting common is a key long-term help for bullish buying and selling. Resistance is at $124,533, slightly below its latest excessive.
If Bitcoin stays above help 1 at $110,000, there might be one other rally, with worth aiming for the $124,000–$125,000 space. A breakout above this might push the coin worth towards new all-time highs.
BTCUSD Evaluation Supply: Tradingview
The technical indicators are principally constructive: the MACD line is presently above its sign line, which is a bullish sign, although the hole between them is narrowing. The histogram shows small constructive bars, indicating that momentum stays upward however could also be slowing down.
This sample means that whereas Bitcoin nonetheless has shopping for energy, the tempo of the rally might reasonable quickly except the MACD line pushes additional away from the sign line.
Bitcoin Bulls Goal $124K Resistance
The Relative Power Index (RSI) sits round 60.5, which suggests Bitcoin has constructive momentum however just isn’t but overbought. This means there may be nonetheless room for the worth to rise earlier than merchants ought to fear a few potential reversal brought on by overextended positive factors.
The Common Directional Index (ADX) reads close to 24.7, indicating the present pattern is reasonably sturdy however not extraordinarily dominant. An ADX beneath 25 means that whereas an upward pattern exists, it might not be very highly effective, and Bitcoin might expertise sideways motion or small pullbacks.
If Bitcoin breaks beneath $110,000, the worth might fall again towards the $98,000 help. Till then, the bulls have management, and extra positive factors are potential.
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