Bitcoin (BTC) has concluded the month on a positive note, as analysts have pinpointed a favorable technical configuration that could pave the way for additional profits. Renowned crypto strategist Michael van de Poppe described the monthly candle as remarkable, suggesting that the market is poised to enter a new phase of strength.
The monthly candle of #Bitcoin looks absolutely phenomenal.
It’s a strong signal that we’ll start to see more upside from here.
What’s next, in the short-term?
I think that we’ll see some consolidation; the $117K level is an important resistance zone and basically the final… pic.twitter.com/Pg4IDoS7zc
— Michaël van de Poppe (@CryptoMichNL) September 13, 2025
After several weeks of continuous gains, Bitcoin appears ready for an essential short-term consolidation before reaching new peaks.
Critical Resistance at $117K
According to Van de Poppe, traders should keep an eye on immediate resistance around $117,000. He asserts this is essentially the last barrier Bitcoin must overcome before venturing into uncharted territory and approaching a new all-time high.
Despite prevailing optimism in the market, it’s likely there will be some consolidation in upcoming days as traders process recent gains. A sustained breakout above $117,000 would almost certainly confirm further increases in Bitcoin’s value.
Bullish Momentum Supported by Indicators
The current technical indicators are reflecting improved conditions. The Relative Strength Index (RSI) stands at 59 today—up from 54 over three weeks—which indicates ongoing momentum without yet reaching overbought levels.
This gradual rise in RSI suggests Bitcoin still has room for growth and aligns with Van de Poppe’s prediction of potential breakouts following brief periods of consolidation.
Altcoins Experience Significant Gains
A surge in Bitcoin’s price has also led to substantial returns for altcoins. Ethereum is currently valued at $4,750—a figure indicative of overall strength within the cryptocurrency market.
Additonally, Tether (USDT) dominance has dipped to 4.2%, which many view as encouraging news for altcoins since it signals capital flowing into alternative assets.
This shift towards altcoins further reinforces that we are witnessing robust growth within various assets participating actively during this boom period.
Taken together—the bullish close for September combined with favorable technical indicators and strong performance across numerous altcoins—suggests that we may be on track for upward movement soon. Should Bitcoin successfully surpass $117K analysts believe it could set up momentum toward hitting $128K shortly thereafter.