Will Bitcoin’s 9th RSI Signal Send Prices Soaring or Just Make Us Dream?

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Key takeaways:

  • Bitcoin’s weekly stochastic RSI has once again raised its hand for the 9th time this round-because apparently, repetition breeds hope.

  • Bright-eyed analysts gaze at charts, whispering numbers between $155,000 and $200,000, assuming history is as obedient as their morning coffee habits.

  • Meanwhile, barely mentioned are the short-term liquidity jitters and the looming FOMC decision, threatening to turn Bitcoin’s dance into a jitterbug.

Bitcoin (BTC) sits there, steady as a gentleman hunched over a chessboard, holding above $115,000 while the anxious traders await the grand pronouncement of the Federal Open Market Committee this Wednesday. The gatekeepers sit at $117,000 to $118,000, and should Bitcoin gather the courage to leap beyond, we might witness what the wise call a “significant structural shift” on charts high enough to make a philosopher dizzy.

Bitcoin chart in a tense moment

The mood in the crypto salon has brightened thanks to some technical signals. An investor named Jelle (who presumably knows his stochastic from his elbow) notes that the weekly stochastic RSI flashes bullish again, for the ninth time-because apparently Bitcoin likes to tease. Each of these flirtations with hope has stirred about a 35% rally in the past, nudging Bitcoin toward a rather ambitious $155,000.

On the sidelines, the economist Timothy Peterson peers through his models with skepticism, admitting he’s not much sold on the mystical arts of chart reading. Yet even he grants that cycles repeating themselves is an argument hard to ignore, projecting a $200,000 milestone about 170 days hence-if the stars align and the neighborhood cats remain indoors.

Economist pondering Bitcoin's fate

However, before celebrations break out, caution lingers. Analyst Skew points to a congested band of ask-bid liquidity clustered near $116,000 – a “consensus trade”, which hopefully isn’t just a polite way of saying everyone’s holding their breath. Skew worries the market may be the puppeteer’s playground, with subtle manipulations rather than genuine enthusiasm pulling the strings.

Markets Disagree, as Traders Debate Which Side the Wind Blows

Outside this private theatre, the grand market narrative is caught in an argument – the kind that can make one nostalgic for a simple dinner table quarrel. Despite whispers of possible interest rate cuts this year, CryptoQuant’s data reveals that eight of ten bull signals have vanished like smoke, hinting momentum has gone to sleep.

🚨 ALERT: 8 out of 10 Bitcoin bull market indicators now favor gloom, “momentum clearly cooling,” or so says the CryptoQuant soothsayer.

– CryptoMoon (@CryptoMoon) September 12, 2025

Yet not all voices have surrendered to despair. RookieXBT reminds us the dollar limps on long-term support like an old horse, while stocks chime upward with the S&P 500 rallying 12% and gold gleaming 40% brighter this year, as if to say, “Let’s keep the party going.”

Instinctively, risk-takers suggest Bitcoin might still dance under this brighter sky, feeding on liquidity and economic cheerfulness, fueled by on-chain signs. Darkfost, a trader of presumably mysterious tendencies, notes whales have bravely defended the $108,000 to $109,000 line-once again proving that even giants have soft spots.

Whales defending Bitcoin levels

As Bitcoin hovers a mere 8% shy of its all-time high, the market stands before a metaphorical fork in the road – will the RSI’s ninth act deliver a triumphant rally or simply another neat story for crypto campfires? The answer, dear reader, lies somewhere hidden in the smoke of this week’s FOMC decision, while we all clutch our hats and maybe a little hope. 🧐

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2025-09-16 21:02