TLDR:BTC price trades at $116,636, up 0.75% in 24 hours, with $40.6B in daily trading volume.Fresh highs after September 18 could invalidate bearish cycles and hint at extended upside.Analyst sees $117K liquidity target holding if demand from recent triple tap remains intact.Local demand loss may drop BTC toward $113K, making this week crucial for short-term trend.Bitcoin is holding near $116,600 with traders watching a key date that could set the tone for the rest of September. Market participants are looking for price action beyond September 18 to confirm whether the current rally continues or stalls. Bulls want a break to fresh highs that could shift sentiment toward more upside. Bears are watching for rejection at these levels to regain control. The next move could decide whether Bitcoin stays in an uptrend or faces a pullback.BTC Price Hovering at Critical LevelAccording to CoinGecko data, Bitcoin is trading at $116,636 after gaining 0.75% in the last 24 hours. The weekly performance shows a 4.59% increase, keeping BTC near its recent peak.Technical analyst Dr Cat shared that fresh highs after September 18 would invalidate the 26-day and 33-day cycles he has been tracking. He said this could suggest no local top until around September 23–24. His view noted that the weekly chart points to one more bullish wave, but the 1D to 3D charts still remain a risk zone for rejection.$BTC BitcoinSo far fresh highs on the expected dates and now keep in mind that IF fresh highs are further seen after the 18th of Setpember it invalidates the 26 cycle (the 33 one will be invalidated even on the 18th).4⃣2⃣So this would mean no top minimum till the 23rd +-2… https://t.co/2aSAc4xG3V pic.twitter.com/gerqbq8LDv— Dr Cat (@DoctorCatX) September 16, 2025He also warned that if no new high is posted by the 18th, the bearish scenario may stay in play. Daily cloud structure remains heavy, which could mean a bumpy path even if price holds.Key Bitcoin Price Levels for Bulls and BearsCrediBULL Crypto observed what he called a completed “triple tap” on BTC, which often serves as a base for expansion higher. He said local demand from that third tap should hold if the bullish scenario plays out.If that level holds, he expects Bitcoin to move toward the liquidity sitting above $117,000. A breakdown of local demand, however, would shift focus to $113,000 as the next downside target.Nice completed triple tap on $BTC here.Once complete we usually see one of two things:1. The triple tap was a "base" for expansion to the upside, in which case the local demand formed by the 3rd "tap" acts as support and facilitates a move higher.2. The move completes with… pic.twitter.com/ESzalL6Xdx— CrediBULL Crypto (@CredibleCrypto) September 16, 2025The next several days could be critical as traders decide whether to ride the current move higher or protect profits. If price pushes through the September 18 level, it may open the door for a larger upside run before the end of the month.The post BTC Price Faces Key September Test as Bitcoin Bulls Eye $117K Liquidity Zone appeared first on Blockonomi.