Bitcoin Price Slips Below Key Technical Indicators – Is the Bull Market Over?

Bitcoin price slipped below key technical indicators as it dropped over 2% on the day, testing lows of $111,800 before recovering above $112,000 at the time of ￰0￱ is now losing ground against critical moving averages , including the 100-day and 200-day EMAs positioned at $114,635 and $114,180, ￰1￱ breach of these technical levels has analysts questioning whether the bull market has reached its end, as multiple indicators now point toward bearish ￰2￱ Price Slip Points to Bull Market Exhaustion CryptoQuant data reveals Bitcoin’s taker buy/sell ratio has fallen to -0.86, a key sentiment indicator that signals bearish market ￰3￱ metric serves as a barometer for market control – values below 1 suggest selling pressure dominates, while readings above 1 indicate buying strength prevails.) September 22, 2025 “ So, even if BTC hits new all-time highs, and there’s nothing wrong with that, profitability will remain low, and the real focus will be on altcoins ,” Wedson ￰4￱ trader Honey_xbt believes BTC is in a consolidation zone, with the next direction dependent on where Bitcoin ￰5￱ to her analysis, a 1-day close above $117,500 would be highly bullish and could send Bitcoin to new highs above $124,000.

okay enough drama for the day, let's get back to business BTC seems to be in our chop zone and our next direction would be based on where we close 1D above 117.5k = super bullish and we probably go for new highs below 111.8k = bearish and we probably go for new lows around… ￰6￱ — Honey (@honey_xbt) September 22, 2025 However, a close below $111,800 would be bearish and could see BTC target new lows around the 1-day EMA200 near $106,000. Historical Q4 Rally Could Overwrite Bitcoin Bearish Price Slip Market observers show conflicting views regarding potential October gains following the recent bearish ￰7￱ current bearish indicators, several positive factors could send the Bitcoin price upward by next ￰8￱ Federal Reserve’s recent pivot to monetary easing shows that market participants expect the rate-cutting cycle to continue with two additional reductions projected before the end of ￰9￱ trends also support optimism for the final quarter of the ￰10￱ 2013, Bitcoin has demonstrated particularly strong performance during Q4, delivering average returns of roughly 85% during this seasonal ￰11￱ Wedge Pattern Signals a BTC Dip to $108k On the technical front, Bitcoin’s 4-hour chart shows a clear bearish wedge pattern breakdown from the recent uptrend ￰12￱ failing to sustain momentum near $117,836, the price broke down from the rising wedge, confirming weakness and shifting the short-term bias ￰13￱ rejection has already taken BTC toward the first target zone around $112,967, with momentum signaling further downside ￰14￱ selling continues, the next key support sits near $110,662, followed by a deeper retracement toward $108,073, which aligns with the final projected target of the wedge.

Overall, the technical setup suggests Bitcoin is likely to extend lower in the short term, with rallies more likely to face resistance unless buyers reclaim $115,000 levels to invalidate the bearish outlook.