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 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.

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:

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.