Bitcoin Price Prediction: Bears Rest, Bulls Try A $25,000 Retest

Bitcoin price shows a clean rebound from the $19,547 support area at $19,784.
Investors can expect BTC to trigger a rally to retest the $25,000 psychological level.
If the daily candlestick closes below the $18,500 - $19,909 demand zone, the bullish theory is negated.
Bitcoin price rebounded from August lows, showing resilience, indicating willing buyers. In the lower period, BTC triggered a bullish market structural change confirming a potential reversal.

Bitcoin price ready to hay
Bitcoin price plunged 15% between September 13th and 16th, undoing the 23% gain it witnessed between September 7th and 13th. This sudden move is due to the release of the Consumer Price Index (CPI).
As a result, BTC set a swing high at $22,850 and fell to retest the extended 12-hour demand zone from $18,500 to $19,909. This is one of the main reasons why the reversal seems plausible here.

Despite several attempts, the seller did not break the August low of $19,539, suggesting there are willing buyers. In the future, investors can expect BTC to attempt a recovery rally, and once enough momentum is built, it could generate higher highs than the recently formed $22,850.
If BTC can do the same, it could extend its run to retest $25,000, the mid-point of the 45% drop between May 31st and June 18th.

Although things are looking for Bitcoin price in a lower time frame perspective, the macro outlook is still screaming bearish. So, if the seller comes back and creates a daily candlestick below the 12-hour demand zone, extending from $18,500 to $19,909, it creates a lower low and negates the bullish theory. This development could plunge BTC down to the $17,593 swing low formed on June 18th.