Bitcoin is now challenging important technical levels between $113,000 and $115,000 after getting close to big supply zones between $115,600 and $117,300. The top cryptocurrency has gone against its usual bearish September trend and gained almost 6% for the month. However, it is currently going through a small correction before the Federal Open Market Committee meeting and the expected interest rate cuts. Technical research shows that the $111,000â”$113,000 area is important support that looks like the breakout structure that happened in Q2, when Bitcoin rose from below $100,000 to break through $120,000 in July. The UTXO Realized Price Distribution (URPD) measure shows that 5.5% of Bitcoinâs supply is grouped together between $110,000 and $113,000, which means that a lot of Bitcoin ha
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