{"id":7033,"date":"2025-09-15T05:00:51","date_gmt":"2025-09-15T05:00:51","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/analyst-says-bitcoin-is-a-strong-buy-if-it-overcomes-118k-heres-why\/"},"modified":"2025-09-15T05:00:51","modified_gmt":"2025-09-15T05:00:51","slug":"analyst-says-bitcoin-is-a-strong-buy-if-it-overcomes-118k-heres-why","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/analyst-says-bitcoin-is-a-strong-buy-if-it-overcomes-118k-heres-why\/","title":{"rendered":"Analyst Says Bitcoin Is A Strong Buy If It Overcomes $118K \u2014 Here\u2019s Why"},"content":{"rendered":"<p>The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency\u2019s potential to resume its bull run and reach a new all-time high price.<\/p>\n<p>A crypto expert on social media platform X has come forward with an interesting outlook for the Bitcoin price, stating that the market leader could be gearing up for its next explosive move. However, the on-chain analyst added that a certain condition must be met for BTC to resume its uptrend.<\/p>\n<h2><b>A Break Above $118,000 Could Precede Price Explosion: Analyst<\/b><\/h2>\n<p>In a September 13 post on X, Alphractal founder and CEO Joao Wedson <a href=\"https:\/\/x.com\/joao_wedson\/status\/1966877885139947872\" target=\"_blank\" rel=\"noopener nofollow\">revealed<\/a> that the price of Bitcoin could be preparing for an extended rally over the next few weeks. The on-chain data expert shared that the premier cryptocurrency will need a convincing break above the $118,000 level to confirm the resumption of the bull run.<\/p>\n<p>Wedson noted in his post that $117,000 is actually the price mark to watch out for, as it represents a zone of strong interest and indecision. Specifically, two on-chain indicators\u2014the CVDD Channel and the Fibonacci-Adjusted Market Mean Price\u2014have designated this price level as a point where the market is likely to slow down or form a local top.<\/p>\n<p>According to analytics platform Alphractal, the CVDD Channel is a metric that estimates historical price floors and risk zones based on the coin destruction data and Fibonacci envelopes. Meanwhile, the Fibonacci-Adjusted Market Mean Price combines the market mean price with Fibonacci bands to identify structural expansion and value zones.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/pbs.twimg.com\/media\/G0vAuErW8AAnlqf?format=jpg&amp;name=4096x4096\" alt=\"Bitcoin\" width=\"2880\" height=\"1620\" \/><\/p>\n<p>Wedson highlighted that both the CVDD Channel and the Fibonacci-Adjusted Market Mean Price have revealed \u201ceerily accurate levels\u201d of support and resistance throughout Bitcoin\u2019s price history. Currently, these metrics are pointing to $117,000 as a level that could provide resistance to the upward movement of the Bitcoin price.<\/p>\n<p>In the end, Wedson concluded that this zone could be critical to the market leader\u2019s next move to the upside. However, the Alphractal founder advised Bitcoin investors to wait for a clear, sustained breakout above $118,000 to confirm that bullish momentum is back.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/pbs.twimg.com\/media\/G0vAwFTWkAAdwkm?format=jpg&amp;name=4096x4096\" alt=\"Bitcoin\" width=\"2880\" height=\"1620\" \/><\/p>\n<h2><b>Bitcoin Price At A Glance<\/b><\/h2>\n<p>As of this writing, the price of BTC stands at around $115,905, reflecting no significant change in the past 24 hours.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/S9w6hoKS\/\" alt=\"Bitcoin \" width=\"2250\" height=\"1484\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency\u2019s potential to resume its bull run and reach a new all-time high price. A crypto expert on social media platform&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7034,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,29,32,34,36],"class_list":["post-7033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=7033"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7034"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}