Bitcoin traded at $116,393 on Sept. 19, 2025, placing its market cap at $2.31 trillion with a 24-hour trading volume of $36.67 billion. The cryptocurrency’s intraday range spanned from $116,349 to $117,888, reflecting a tight consolidation near key resistance.

On the daily chart, bitcoin has been in a confirmed uptrend since early September, having bounced strongly from the $107,270 support level, where it formed a double-bottom structure. Since then, price action has steadily climbed, albeit now stalling just beneath a significant resistance zone at $119,336.

The uptrend remains intact, but the current consolidation near the $117,000–$118,000 range indicates indecision. Volume has modestly increased during upward pushes, although the latest candles suggest caution as price approaches overhead resistance. Key buy zones lie between $113,500 and $114,500, with an optimal take-profit level between $118,000 and $119,500, and a stop-loss placed under $111,000.

The 1-hour bitcoin chart shows a clear short-term downtrend, characterized by a series of lower highs and lower lows following the $117,968 top. Recent price action touched $116,369, brushing against minor support. This movement appears corrective within the context of a broader bullish structure seen on higher timeframes. Volume is incrementally rising on the sell side, further confirming a retracement phase. Unless a strong bullish candle materializes near the $116,000 level, immediate long entries are discouraged. A tight entry between $116,000–$116,300 may be considered if upward momentum returns, with a suggested exit around $117,000–$117,500 and a stop-loss below $115,700.