Bitcoin Breaks Through Its VWAP Price in Repeat of May Rebound

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Key factors:

  • Bitcoin breaks by its volume-weighted common worth (VWAP), echoing the rebound from April’s sub-$75,000 lows.

  • Shares see recent all-time highs as markets digest the Fed fee minimize.

  • Liquidity means that volatility is incoming as BTC worth targets $118,000.

Bitcoin (BTC) eyed $118,000 at Thursday’s Wall Road open as shares hit new all-time highs.

BTC/USD one-hour chart. Supply: Cointelegraph/TradingView

Bitcoin breakout units the stage for brand new all-time highs

Knowledge from Cointelegraph Markets Pro and TradingView confirmed BTC/USD consolidating day by day beneficial properties above key resistance.

The primary US buying and selling session after the Federal Reserve enacted its first interest-rate cut of 2025 noticed each the S&P 500 and Nasdaq Composite Index hit recent data.

BTC/USD vs. S&P 500 one-day chart. Supply: Cointelegraph/TradingView

Reacting, buying and selling useful resource The Kobeissi Letter noticed the risk-asset uptrend persevering with into subsequent yr.

“2025 now marks the third yr since 1996 the place fee cuts have occurred with the S&P 500 at file highs. The earlier 2 years? 2019 and 2024,” it noticed in a part of its latest analysis on X. 

“When the Fed cuts charges inside 2% of all time highs, the S&P 500 has risen a mean of +14% in 12 months.”

XAU/USD one-hour chart. Supply: Cointelegraph/TradingView

Gold noticed additional volatility after beating all-time highs of its personal the day prior, with $3,700 the extent in focus.

Bitcoin bulls in the meantime tried to cement $117,000 as assist whereas staring down the ultimate block of resistance earlier than worth discovery.

Caleb Franzen, creator of economic analysis useful resource Cubic Analytics, noticed BTC/USD repeating a bullish sample from Could.

Then, as now, worth broke above its volume-weighted common (VWAP) as measured from its newest all-time excessive.

“It is virtually like good issues have occurred since Bitcoin broke above its anchored volume-weighted common worth from the ATHs,” he summarized on X alongside an explanatory chart.

BTC/USD one-day chart with VWAP information. Supply: Caleb Franzen/X

Warning over BTC worth “exit pump”

A phrase of warning got here from trade order-book evaluation.

Associated: Bitcoin price gains 8% as September 2025 on track for best in 13 years

Buying and selling useful resource Materials Indicators was amongst these warning that liquidity was constructing round worth, probably opening the door for unstable strikes.

“Whereas I really feel just like the macro is solidly bullish and the highest is not in but, this at present feels extra like a brief time period exit pump, than accumulation. Time will inform,” a part of accompanying commentary stated

Earlier, Cointelegraph reported on thickening order-book liquidity, with $116,500 and $119,000 the degrees to observe.

BTC/USDT order-book liquidity information with whale exercise. Supply: Materials Indicators/X

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.