Bitcoin Price Prediction: Analysts Expect $113K Rebound Amid CME Gap Support
At press time, Bitcoin is hovering around $110,830, consolidating in the $110,600–$111,000 zone after repeatedly defending channel support. Traders are closely monitoring technical compression, CME gap levels, and cautious inflows shaping the short-term trajectory.
Bitcoin Price Holds Channel Support
BTC Channel Support and Price Dynamics (Source: TradingView)
On the daily chart, BTC is moving within an ascending channel, the structure of which has been formed since April. The lower boundary at $110,600 coincides with the 20-day exponential moving average (EMA), and the nearest resistance is at $113,000, indicated by the 50-day exponential moving average (EMA).
Fibonacci retracement levels highlight $117,300 (0.618) and $120,050 (0.786) as critical breakout targets if momentum reverses higher. On the downside, $107,300 remains the first key support, with the 200-day exponential moving average near $104,400 acting as a long-term low. Momentum indicators are bearish, with the RSI at 44.
CME gap at $110,680 catches market attention
Bitcoin CME Gap: $110,680 pic.twitter.com/YPrBwYjfCi
— Crypto Rover (@rovercrc) September 6, 2025
The market’s attention has shifted to the unfilled CME gap at $110,680, which was highlighted by analyst Crypto Rover. This level has become something of a price consolidation magnet, and BTC is currently trading at this level. Historically, unfilled CME gaps have been frequently revised, making this area a key reference point for traders.
If the BTC price continues to hold above this level, a technical rebound towards $113,000–$115,000 is likely. However, if support fails to hold, this could open up the $107,300 zone, and if selling accelerates, the risks could increase to $104,400.
Chain data shows moderate outflow of funds
Netflows BTC (Source: TradingView)
According to Coinglass, net outflows from exchanges on September 6 were $7.32 million. While that figure is relatively small compared to the larger outflows seen in August, it reflects continued caution among traders.
Investors appear to be self-serving BTC while overall activity remains subdued compared to previous inflow-driven surges that helped push the price to $120,000. It would take a significant increase in inflows to signal the start of an active accumulation phase.
Sentiment turns neutral as traders wait
Cryptocurrency Fear and Greed Index (Source: Coinglass)
The Cryptocurrency Fear and Greed Index was neutral at 49 on September 6, reflecting hesitation after weeks of volatility. This position suggests that neither over-optimism nor panic are driving sentiment.
Historically, neutral sentiment near key technical support levels often precedes larger directional moves. Analysts note that a move into the greed zone could strengthen the upward momentum towards $117,000 and $120,000, while a slide into the fear zone could coincide with a retest of $107,000.
Related: Bitcoin Price Prediction: BTC Jumps to $113K as Analysts See Correlation with Nasdaq
Bitcoin Price Technical Forecast
Bitcoin price levels remain clearly defined. On the other hand, breaking through $113,000 will attract momentum traders and set targets at $117,300 and $120,000. A break above $120,000 could push the price to $123,600, the upper boundary of the channel.
On the other hand, a loss of $110,600 would put pressure on $107,300, with $104,400 the next major line of defense. As long as BTC trades within a broader ascending channel, deeper risks remain limited.
Outlook: Will Bitcoin Rise in Value?
Bitcoin's immediate trajectory depends on whether it can hold above the CME $110,680 mark and recoup $113,000. Neutral sentiment and moderate outflows suggest traders are waiting for confirmation before taking larger positions.
Analysts remain cautiously constructive. If BTC holds above $110,600, it would favor a rally to $117,000–$120,000. However, a loss of this base would likely lead to sellers testing $107,000 before any recovery attempt.
Source: cryptonews.net
