Price movement BTC/USD pairBitcoin / US DollarBINANCE:BTCUSDvrbncaBitcoin (BTC/USD) Chart Analysis This chart displays the price movement of Bitcoin (BTC) against the US Dollar (USD) on a 1-hour (1H) timeframe. The data is sourced from the Binance exchange, with a timestamp of 06:55 UTC on September 19, 2025. 1. Price Analysis (Top Chart) Short-Term Trend: Bitcoin's price appears to be in a corrective phase after a significant upward move. The dashed rising trendline indicates the previous bullish price action. Key Support Levels: There are two dashed horizontal lines that represent potential support levels: 116,314: This is the first support level currently being tested. The price has briefly touched and is attempting to hold above this level. 115,958.84: This is the next support level, which also coincides with the 61.8% Fibonacci Retracement level. This level is often considered a critical area where the price could rebound and continue its uptrend. Possible Scenarios: If the price successfully holds above 116,314, there's a good chance this correction will end soon, and the price will attempt to move higher again. If the price breaks the 116,314 level, then 115,958.84 will be the next support target. A break below this level could signal a deeper correction. 2. Indicator Analysis (Bottom Chart) RSI (Relative Strength Index) Indicator: The bottom chart shows the RSI indicator. RSI Condition: The RSI line is currently at 52.64, indicating relatively neutral momentum. However, the line is visibly moving down from the previous "overbought" area (above 70). Warning: This declining RSI movement confirms that the upward momentum is weakening. The RSI position above 50 still suggests that the overall uptrend is dominant, but its momentum is correcting. Analysis Summary In conclusion, the chart shows that Bitcoin is in a corrective phase after a strong rally. Traders or investors should closely monitor the support levels at 116,314 and 115,958.84. If the price holds above these levels, it will be a strong indication that the uptrend is still intact and the correction is likely to end soon. Conversely, a break of these levels could signal further weakness.