Bitcoin Price Targets Include a Return to Take $110,000 Liquidity

Key points:

Bitcoin fails to close above $117,200, opening the door to support retests.

A giant $4.9 trillion options expiry event adds further friction for Bitcoin bulls on Friday.

Order-book liquidity shows bids massing at $110,000 and above, creating a “magnet” for price.

Bitcoin (BTC) missed a key daily close into Friday as traders expected short-term BTC price losses.

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

Bitcoin adds headwinds after daily close miss

Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD narrowly avoided a daily close above $117,200.

This had been one of the key lines in the sand on short timeframes — a reclaim would allow price to revisit $120,000, analysis said.

#BTC

Bitcoin is on the cusp of printing a Daily Close inside the Range to kickstart the reclaim process

Bitcoin is one Daily Close above ~$117.2k away from preparing for a revisit of ~$120k+$BTC #Crypto #Bitcoin https://t.co/AMROY2kutn pic.twitter.com/EFi4CJTpOB

— Rekt Capital (@rektcapital) September 18, 2025

“Once we gain this level the way to $120K is open in my opinion,” popular trader Crypto Caesar wrote Thursday in part of an X post on the topic alongside an explanatory chart.

“However: Last time we rejected this level and came all the way back to the light blue zone.”BTC/USDT one-day chart. Source: Crypto Caesar/X

Crypto investor and entrepreneur Ted Pillows predicted downward BTC price pressure continuing through the week’s options expiry event.

“$BTC failed to reclaim the $117,200 level again. Today, $4.9 trillion in US stock futures and options will expire,” he told X followers.

“Historically, this has resulted in downside volatility and consolidation in the stock market. And because the crypto market follows US stocks, volatility will shift into Bitcoin and alts too. Be prepared.”BTC/USDT one-day chart. Source: Ted PIllows/X