Bitcoin traded at $116,236 as of 14:04 UTC on September 17, up about 1% over the last 24 hours, exceeding key levels as the market awaits the Federal Reserve policy announcement.
Analyst comments
Dean Crypto Trades notes that Bitcoin is about 7% above its post-election local peak, while the S&P 500 rose 9%, with gold surges 36% during the same period. He said Bitcoin is compressed more than these assets and is likely to lead the next bigger move, but could form a “low height” before further extension. He added that once the ether breaks $5,000 and enters price discovery you can take part.
Lark Davis pointed to Bitcoin's history on the September FOMC meeting, saying that the annual September decision since 2020 predates a strong rally, with the exception of the 2022 Bear Market. He stresses that this pattern is about seasonal dynamics, not the Fed's fee choice itself, and argues that Bitcoin tends to go towards “Uptoter” during this period.
Technical analysis of Coindesk Research
Bitcoin rose by about 0.9% in the September 16-17 analysis window, up from $115,461 to $116,520, according to Coindesk Research's technical analytics data model. BTC reached a session high of $117,317 at 07:00 UTC on September 17th and merged.
Following its peak, Bitcoin tested multiple times in the $116,400-116,600 range and confirmed it as a short-term support zone. Between the final time of the session, 11:39 to 12:38 UTC, BTC attempted a breakout. The price moved slightly between $116,351 and $116,376, then spiked to a massive amount of $116,551 at 12:34. This confirmed a consolidated breakout pattern, but profits were modest.
Overall, Bitcoin is over $116,000, with support at around $116,400 and resistance at nearly $117,300.
Latest 24-hour and 1-month chart analysis
The latest 24-hour Coindesk data chart, which closes at 14:04 UTC on September 17, shows BTC at $116,236 after retreating from an intraday high of nearly $117,295. The price is integrated in bands ranging from $116,000 to $116,500, highlighting short-term support.
Bitcoin (BTC) 24-hour price chart, September 17, 2025 (Coindesk)
The monthly chart shows a recent high of more than $117,000 from its recent high, from its near $108,000 low in late August. The past few sessions have shown consolidation, but this trend remains upward, suggesting that the market is paused before the next move.
Bitcoin (BTC) Month Price Chart, September 17, 2025 (Coindesk)
