Bitcoin continues to hover between well-defined price levels, frustrating traders who are waiting for a decisive move.
According to market analyst Kevin Capital, BTC has been “trapped” in the $125,000–$106,800 range throughout the latter half of summer, with little momentum beyond reacting to macroeconomic data.
The analyst noted that spot trading volumes continue to decline, with most activity driven by leverage, while liquidity pockets act as magnets for price action. For now, the goal is to break the weekly bearish divergence and push the candles above the $125,000 area. Failing to do so, Kev warned, calls for caution.
Seasonal trends and liquidity sweeps add pressure
Market history also weighs on sentiment. Analyst Timothy Peterson noted that September 21 has historically been Bitcoin’s weakest day of the year, with losses occurring 80% of the time.
Adding to the short-term jitters on Monday, 22 September, CryptoMichNL described the latest pullback as a “classic Monday morning liquidity sweep.” According to him, the flush in Bitcoin and altcoins was overdue, clearing overleveraged positions from the market. He argued that these dips often present opportunities for accumulation for those willing to hold for the longer term.
Meanwhile, Bitcoin is trading near $109,383 at the time of writing, with a slight 7% decline over the past week. Yet, the crypto still managed a dominance of 57.7%, even as the global crypto market cap dropped 3.9% in 24 hours.
That said, it has mixed technical indicators, as the MACD leans bullish, while RSI hovers in neutral territory around 52.
In other news, regulatory shifts and institutional developments continue to influence Bitcoin’s trajectory.
The SEC’s approval of listing standards for crypto exchange-traded products has paved the way for Grayscale’s multi-asset ETF, which includes Bitcoin.
Nonetheless, analysts note that Bitcoin remains caught between optimism and caution, as whale accumulation, ETF inflows, and macroeconomic uncertainty will define the coming weeks.
