Technical analysis by CryptoKnee about Symbol BTC on 9/6/2025

Bitcoin Price Stuck in Neutral – Levels to Watch Closely Bitcoin price levels reactive right now. The Elliott Wave count isn’t giving me much confidence, and until we see a decisive move through key levels, I’m treating this as no-trade territory. The level that stands out is 112k. This has been a major flip point for BTC, and it’s the bulls’ number to beat. A break with an impulsive push followed by a correction that holds above (or even right at it) would start to build a much more convincing bullish case. That would open the door for a potential long setup. On the flip side, the current structure isn’t inspiring confidence. Price is showing lower lows and lower highs, a textbook downtrend, and every push is getting rejected off resistance. Until Bitcoin can reclaim levels it’s been losing, the bias leans bearish. For now, it’s a waiting game. The market needs to pick a side, and until it does, sitting on the sidelines is the safest option. Outlook: 112k break and correction = bullish setup 109k break and correction = bearish setup Lower lows and lower highs = trend still bearish until proven otherwise