Bitcoin (BTC) trades at $112,838 today (Wednesday, 24 September 2025) after recovering from early session lows near $111,000 , its lowest level in approximately two weeks. The cryptocurrency shows resilience with a 0.73% intraday gain, reflecting bulls stepping in at critical support levels as MicroStrategy Executive Chairman Michael Saylor forecasts Bitcoin will "move up smartly again toward the end of the year".

Bitcoin Price Daily Market Overview

Bitcoin began Wednesday with further declines, extending its depreciation for a fourth straight day and testing session lows near $111,000, the weakest level in about two weeks. However, during the early European session, bulls regained control, and at the time of writing, Bitcoin is up nearly 1% at $112,800, holding above a local support zone.

Similar rebounds have also been seen in other major cryptocurrencies, including Ethereum, which is up 0.2% at just under $4,200, as well as XRP and Dogecoin, both rising around 2% to $2.87 and $0.24, respectively.

BTC Technical Analysis Points to Bullish Reversal

According to my technical analysis, Wednesday's price action demonstrates classic accumulation patterns as Bitcoin tested the $111,000 support zone before recovering above $112,180. The intraday recovery from session lows suggests bulls are defending the lower boundary of the consolidation range that has persisted since early July, with only brief exceptions during the August-September transition period.

Key Technical Levels:

• Immediate Resistance: $114,000-$115,000 zone
• Critical Support: $112,000 (23.6% Fibonacci retracement)
• Deeper Support: $107,000 (200-day EMA + 38.2% Fib)
• Major Support: $100,000 (psychological + 50% Fib)

Maintaining the current consolidation above $112,000 remains crucial, as this level coincides with the 23.6% Fibonacci retracement level. A close above this zone could form a bullish pin bar or doji candle, rejecting the breakdown attempt and signaling potential recovery toward August highs near $124,000.

However, a decisive break below $112,000 opens the path to deeper correction targeting $107,000 - September's monthly lows combined with the 200-day exponential moving average and 38.2% Fibonacci retracement zone. The critical psychological support remains at $100,000, aligning with 50% Fibonacci retracement levels and late June lows.

“A decent pullback with many over-leveraged lacking catalyst. The reset here is inline with historical tests we have seen before new all-time-highs (ATHs) are made," Paul Howard from Wincent commented for FinanceMagnates.com. "The potential inclusion of crypto majors in 401ks and loosening macro environment should now position the majors for further advance assuming the steam hasnt already run out of the DAT trade. I don't expect we go far below $110,000 and see long term traders adding at these levels.”

Corporate Adoption Driving Supply Shortage

Saylor revealed during Tuesday's CNBC interview that corporate Bitcoin adoption creates unprecedented supply dynamics for price prediction models. Companies capitalizing on Bitcoin purchase approximately 1,755 BTC daily while ETFs acquire another 1,430 BTC per day, far exceeding the 900 Bitcoin mined daily by network operators.

"Companies that are capitalizing on Bitcoin are buying even more than the natural supply being created by the miners," Saylor explained, emphasizing this creates "upward pressure on the price" through supply scarcity mechanics.

Corporate Treasury Categories:

• Operating Companies: Replace dividends/buybacks with Bitcoin reserves
• Treasury Companies: Create digital credit instruments backed by Bitcoin
• Strategic Benefits: Strengthened capital structure and improved returns

The strategy behind corporate treasury adoption involves two distinct categories according to Saylor's analysis. Operating companies replace traditional dividend returns and buybacks with Bitcoin treasury reserves, strengthening capital structures while "true treasury companies" capitalize directly on digital gold-backed credit instruments.

Daily Bitcoin Supply vs Demand

Market Sentiment and Bitcoin Price Seasonal Outlook

LMAX market strategist Joel Kruger provides balanced perspective on Bitcoin's near-term trajectory: "While near-term weakness is possible between now and month-end, the market is also entering what is historically the strongest quarter of the year for crypto. Seasonally favorable flows and positioning have often set the stage for powerful year-end rallies, and fresh record highs in both bitcoin and ether remain in view if the macro backdrop cooperates".

Market Sentiment Indicators:

• Fear & Greed Index: 43 (Cautious optimism)
• RSI: Recovering from oversold to 51 (neutral)
• Q4 Historical Performance: Strongest quarter for crypto
• Seasonal Flows: Traditionally bullish October-December

However, Kruger notes caution remains warranted: "For now, however, the balance of risks leans toward consolidation or modest downside unless bitcoin can decisively clear overhead resistance".

Current Fear & Greed Index readings around 43 indicate cautious market sentiment, while technical indicators show mixed signals with RSI recovering from oversold conditions below 30 toward neutral territory around 51.

You may also check my previous articles and analysis including Bitcoin price predictions:

• Why Bitcoin Price Is Surging Today? Bulls Target $140K BTC as Crypto Rally Accelerates
• Bitcoin Price Prediction 2025: Why BTC Price Is Going Up Today
• Why Bitcoin is Surging Today? Technical Analysis and BTC Price Predictions Point to $160K Target

ETF Inflows and Institutional Support

Bitcoin ETF markets demonstrate robust institutional commitment with recent inflows supporting price momentum. Weekly data shows sustained institutional appetite despite short-term volatility, with major ETFs like BlackRock's IBIT continuing consistent accumulation patterns.

Recent market volatility included nearly $1.62 billion in leveraged position liquidations on Monday - the largest single-day liquidation event of 2025. However, analysts attribute this to technical factors and excessive leverage rather than fundamental weakening.

Price Targets and Technical Levels

Price prediction models forecast Bitcoin reaching maximum levels around $126,139 during September 2025 with average expectations near $119,480. October forecasts suggest continued momentum with potential ranges between $117,145 and $125,304.

Rally Confirmation Requirements:

• Decisive breakthrough of $114,000-$115,000 resistance
• Volume confirmation above 50,000 BTC daily
• Sustained close above previous breakdown levels
• Maintenance of $109,899 bull-bear dividing line

For meaningful rally confirmation, Bitcoin needs decisive breakthrough of the $114,000-$115,000 resistance zone, which coincides with previous breakdown levels. Success above this threshold could enable retesting August highs around $124,000.

Critical support monitoring focuses on Matrixport's identified $109,899 level - the 21-week moving average serving as the bull-bear market dividing line. Maintaining this level preserves the broader uptrend structure while slipping below could signal more challenging correction phases.

Corporate Treasury Leadership

MicroStrategy maintains the largest corporate Bitcoin treasury with 638,985 BTC, demonstrating continued confidence in Bitcoin's long-term value proposition. Saylor's treasury model influences broader corporate adoption as companies recognize Bitcoin's role as "digital gold" backing future credit instruments.

Saylor's Vision:

• Historical Precedent: "The world ran on gold-backed credit for 300 years"
• Future Outlook: "The world's going to run on digital gold-backed credit for the next 300 years"
• Strategic Positioning: Bitcoin as ideal digital capital for credit instruments

The strategic Bitcoin reserve concept gains momentum among policymakers as corporate demand demonstrates practical implementation success. Saylor's meetings with Washington policymakers highlight institutional recognition of Bitcoin's strategic importance for national competitiveness.