Bitcoin's price is hovering around $116,000, sparking debate over its ability to sustain a bull run. Joao Wedson, founder and CEO of Alphractal, stated on September 13 that Bitcoin needs to break above $118,000 to confirm a continued rally. Wedson pointed to the $117,000 level as a critical resistance, identified by the CVDD Channel and the Fibonacci-Adjusted Market Mean Price, which have historically been reliable indicators for Bitcoin's support and resistance levels. Currently, Bitcoin is priced at approximately $115,905, with little movement in the past 24 hours.