- Bitcoin remains above support at $115K-116.7K, which has not been closed below daily, confirming that short-term bullish momentum is still intact as yet.
- Price snapped briefly under support, probably finishing or contributing to a CME gap, but bulls rallied hard to hold level and soak up selling pressure.
- The risk of a decline to the $111.8K area cannot be ruled out, yet bulls will now be aiming to hold above support on the danger of a further new all-time high.
Bitcoin has remained strong above the $115,000–$116,700 zone; even with recent volatility, the bullish momentum is preserved for now.
Key Demand Zone Remains Intact Amid Price Swings
Bitcoin is proving its resiliency against the short-term volatility. The support zone between $115,000 and $116,700 remains a major feature on the daily time frame. Although price briefly dipped below this level, there was no confirmed daily close beneath it. This wick is believed to have filled a nearby CME gap, a common occurrence that draws price to temporarily move lower.
According to Crypto Candy, this support remains critical. The tweet noted that “BTC didn’t close below the 115k–116.7k zone yet,” reinforcing that the structure remains technically healthy. The market is closely watching this area for clues on Bitcoin’s next directional move.
If this support holds, it may serve as the base for a continued rally toward Bitcoin’s all-time high. So far, buyers have continued to show strength at this level.
Bullish Momentum Builds if Support Holds Steady
As long as Bitcoin maintains daily closes above the $115K–$116.7K zone, the bullish case remains valid. The area is proving to be a strong demand zone, where buyers have stepped in repeatedly. Technical traders consider this a strong bullish signal.
Crypto Candy noted, “We are still expecting to move towards ATH from this zone,” reflecting sentiment among bullish traders. The structure of higher lows and defended support suggests momentum is building.
But if the price does not manage to hold above that level, it may render the setup invalid. The confirmed breakdown would probably throttle any chance of advancing the current structure back toward a new high, at least in the immediate future.
Breakdown Could Shift Market Focus—Why This Level Matters
A daily close below the $115K–$116.7K zone would open the door to a potential drop toward the $111.8K region. This was pointed out by Crypto Candy, who added that such a move might occur “before the next leg up to ATH.”
This level matters because it represents a key decision point for Bitcoin’s trend structure. Holding above it keeps bullish momentum alive. Losing it could change short-term market dynamics, drawing capital away and increasing caution.
In volatile conditions, such key zones often act as psychological barriers. Whether it holds or breaks could shape the broader outlook in the coming weeks.
