Buying Bitcoin as market is poised to resume growth

Bitcoin (BTCUSD) is showing signs of stabilization during today's early trading, following a sharp sell-off that liquidated over $1.5 billion in positions. The token has fluctuated near its $112,676 opening, suggesting that the recent bearish momentum is waning, and a corrective bottom may be forming.

The chart structure over the past few days reveals a telling technical picture. A small-bodied candlestick is emerging right now after a large bearish one on September 22, which could create a Morning Star pattern. Although sellers drove the price down to $111,500, buyers have since intervened, hinting at a new trend reversal.

In line with technical indicators, a short-term halt is expected before the market makes its next move. The RSI (14) has leveled off at 52, indicating a reversion to neutral market parameters from overbought conditions after the previous extreme high ($117,895.99) and an even footing between demand and supply. This equilibrium could pave the way for a new accumulation phase before a potential bullish turn. Moreover, the Chaikin Oscillator, despite being negative, is falling less steeply, which points to a reduction in bearish force. A cautious mood persists, but the lack of intense selling pressure suggests the corrective stage may be nearing its end.

Underlying fundamentals present two opposing narratives. On the one hand, less vigorous action from some corporate actors like Strategy and Metaplanet is preventing new capital from flowing, but on the other, the Federal Reserve's recent interest rate cut is fostering a favorable macroeconomic environment for high-risk assets, including Bitcoin.

All in all, the market seems to be transitioning from a correction to a consolidation phase. Technical indicators are slowing, and chart patterns suggest that a bottom is forming. The odds of Bitcoin's rebound toward the $115,100–$117,200 range within the next week have increased, provided that the price maintains support above $111,500.

Consider the following trading strategy:

Buy BTCUSD at the current price. Take profit: $117,200. Stop loss: $110,000.

This forecast is valid from September 23 to September 30, 2025.