Chart of the Day - Friday, September 26, 2025
September 26, 2025
- Despite today’s bounce, Bitcoin is on pace for its worst week since March, down -5% with two days left in the week. It's still up +1% for September with three days before the monthly close.
- Alfonoso notes that Bitcoin is testing a critical area of support between $107k - $110k. It peaked at this level after the election and again in January, before breaking out and turning into support this Summer.
- The AVWAP from the April low further reinforces the significance of this area. Price has formed a potential Head & Shoulders Top in recent months. However, breaking above the right shoulder at $118k would invalidate the top and open the door for fresh highs.
The Takeaway: Bitcoin is on track for its worst week since March as it tests a critical area of support around $107 ~ $110k. The outcome of this test will be very revealing as Bitcoin has been an excellent leading indicator for Stocks and risk appetite.
