Bitcoin Falls As Trump BTC Statue Seems In Washington DC

Contents

Bitcoin Value: On-Chain Traits Stay Bullish Bitcoin Indicators Extra Upside as Momentum Stays Sturdy Bitcoin Bulls Goal $124K Resistance Associated Articles:

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The Bitcoin value has dropped a fraction of a p.c within the final 24 hours to commerce at $116,936 as of 1 a.m. EST on a 35% lower in each day buying and selling quantity to $42.55 billion.

The slight drop within the BTC value comes as a big golden statue of President Donald Trump holding a Bitcoin seems exterior the US Capitol in Washington, DC.

The statue was revealed simply after the US Federal Reserve minimize rates of interest by 25 foundation factors on Wednesday, bringing the benchmark charge right down to 4% to 4.25%.

JUST IN: 🇺🇸 Golden statue of President Trump holding a Bitcoin positioned exterior US capital. pic.twitter.com/LSoOqiwHHr
— Bitcoin Junkies (@BTCjunkies) September 17, 2025

Crypto traders organised the show to spark dialogue about digital cash and its place in politics and finance. The organisers known as Trump the “Bitcoin President,” saying his assist helped Bitcoin acquire reputation and belief.

New protest sculpture on the Nationwide Mall pays tribute to “The Bitcoin President.” pic.twitter.com/EiE5vbc8Ty
— Andrew Leyden (@PenguinSix) September 17, 2025

In the meantime, NBA star Kevin Durant can also be within the information after lastly regaining entry to his Bitcoin account on Coinbase, which he had been unable to entry for years.

Durant’s early funding in Bitcoin, which began approach again in 2016, has became an enormous win.

NEW: NBA star Kevin Durant invested in Bitcoin in 2016 however was locked out of his Coinbase account till this week. 🚨
BTC was $650 then, now $117K, up 180x.
A $10K purchase could be price $1.8 MILLION right now. 🔥 pic.twitter.com/4kSlpU5XV9
— Bitcoin Archive (@BTC_Archive) September 18, 2025

Bitcoin Value: On-Chain Traits Stay Bullish

On-chain knowledge reveals that the variety of Bitcoin transactions retains climbing, and extra wallets are lively than ever earlier than. Bitcoin remains to be being moved off exchanges to long-term storage, which means many holders plan to maintain their cash for some time fairly than promote at present costs.

Bitcoin Falls As Trump BTC Statue Seems In Washington DC

Bitcoin Transaction Depend Supply: Crypto Quant

This reduces promoting strain and normally helps assist the value. The general well being of the Bitcoin blockchain stays sturdy. Regular progress in exercise and transactions provides confidence to merchants and traders.

Whereas there may be some warning, with individuals ready to see what the Fed does subsequent, the on-chain image seems to be constructive for now.

Bitcoin Indicators Extra Upside as Momentum Stays Sturdy

Bitcoin is buying and selling at $116,962, after transferring up 1.43% within the final day. The value is holding above essential assist ranges at $110,000 and $105,000. These zones have just lately stopped any sharp drops.

The chart additionally reveals BTC above its 50-week transferring common, now at about $98,000. This transferring common is a key long-term assist for bullish buying and selling. Resistance is at $124,533, just under its latest excessive.

If Bitcoin stays above assist 1 at $110,000, there may very well be one other rally, with value aiming for the $124,000–$125,000 space. A breakout above this might push the coin value towards new all-time highs.

BTCUSD Evaluation Supply: Tradingview

The technical indicators are principally constructive: the MACD line is presently above its sign line, which is a bullish sign, although the hole between them is narrowing. The histogram shows small constructive bars, indicating that momentum stays upward however could also be slowing down.

This sample means that whereas Bitcoin nonetheless has shopping for energy, the tempo of the rally may average quickly except the MACD line pushes additional away from the sign line.

Bitcoin Bulls Goal $124K Resistance

The Relative Power Index (RSI) sits round 60.5, which implies Bitcoin has constructive momentum however is just not but overbought. This suggests there may be nonetheless room for the value to rise earlier than merchants ought to fear a few attainable reversal brought on by overextended beneficial properties.

The Common Directional Index (ADX) reads close to 24.7, indicating the present development is reasonably sturdy however not extraordinarily dominant. An ADX under 25 means that whereas an upward development exists, it might not be very highly effective, and Bitcoin may expertise sideways motion or small pullbacks.

If Bitcoin breaks underneath $110,000, the value may fall again towards the $98,000 assist. Till then, the bulls have management, and extra beneficial properties are attainable.