Gate Research Institute: BTC breaks 116,900 USD with a short-term bullish trend|GAI big pump 119.35% leading the wayencryption asset panorama
BTC (+1.41% | Current Price 116,656 USDT)
After several days of horizontal fluctuations, BTC experienced a significant surge in the early morning of September 17, with the price briefly breaking through the $116,900 mark and reaching a high of $116,956. The short-term moving averages (MA5, MA10) quickly turned upward and are in a bullish arrangement, with the price operating above the MA30, indicating strong short-term bullish momentum. The trading volume increased simultaneously during the breakout, suggesting strong buying interest. If it can stabilize above $116,500 subsequently, there is still a chance to continue testing upward towards $117,000 or even higher pressure zones. However, caution is needed regarding the risk of chasing prices at high levels; if the price falls back below $116,000 and is accompanied by decreasing volume, a short-term pullback and consolidation may occur. Overall, the trend remains strong, and it is advisable to control positions.
GateResearch·2025-09-17 06:22