Bitcoin futures are currently priced at 116,995, having reached a high of 117,240. A positive outlook may arise if prices dip to 115,590 and then bounce back above 116,150. Targets for this move are 116,400, 116,700, 116,995, 119,470, and 121,450. On the downside, if prices drop below 115,355, it signals a bearish trend, with targets of 115,120, 114,070, 113,770, 113,555, 112,910, and 111,100. Today’s analysis indicates that Bitcoin is retreating from the resistance level at 117,240, hinting at a possible dip before continuing upward. A bullish scenario kicks in if prices first hit 115,590 and then rise back above 116,150. In the wider crypto market, traditional finance is showing more interest in Bitcoin, as evidenced by Capital Group’s major investment. For a bullish trade plan on Bitcoin futures, consider taking profits starting at 116,400 and holding for higher targets if conditions are favorable. In contrast, the bearish plan begins if prices fall below 115,355, with specific points highlighted for potential profit-taking. TradeCompass recommends being cautious and taking profits at logical levels, focusing on protecting gains through strategic management. Traders should manage risks carefully by setting stop-loss levels near activation points and adjusting them as targets are achieved, all while recognizing market volatility. Bitcoin futures are currently just below the 117,240 resistance level, indicating a likely pullback ahead. Over the next few weeks, we’re looking for a bullish setup that needs a dip to 115,590 followed by a strong recovery above 116,150. If prices fail to stay above 115,355, it may indicate that sellers are gaining control in the short term. The overall economic climate seems to support this buying dip scenario since last week’s August 2025 CPI data came in slightly lower than expected at 3.1%. This reduces expectations for more Federal Reserve rate hikes, creating a favorable environment for risk assets. Therefore, any weakness in Bitcoin could attract buyers instead of signaling a major downturn. However, we should be cautious due to historical trends, as September has often been tough for Bitcoin, evident from the volatility seen in 2023 and 2024. If prices fall below 115,355, traders should get ready for a rapid move toward liquidity zones near 114,000. It’s essential to stick to predefined stop-loss levels during this period. In the derivatives market, open interest in Bitcoin futures on the CME has surged to over $25 billion, a level not seen since the second quarter of 2025. This increase in leverage indicates that significant capital is in place for a big movement, making the points at 116,150 and 115,355 very critical. Positive funding rates suggest a dominance of long positions, but this could lead to a liquidation cascade if support levels break. This short-term uncertainty is tempered by strong institutional support, highlighted by Capital Group’s recent multi-billion-dollar investment. Market data shows spot Bitcoin ETFs have recorded over $500 million in net inflows this month. This suggests that while we manage daily levels, larger players are likely accumulating for a longer-term strategy.

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