- Bitcoin’s push toward the $114.7K–$115.3K zone follows a higher low at $112K, signaling renewed strength in current market structure.
- Reclaiming $116.8K may re-establish bullish momentum and drive BTC toward $119.5K, creating favorable conditions for altcoin market rallies.
- Losing $113K could shift trend momentum, sending Bitcoin toward the $110K–$112K accumulation zone with increased trading interest near support levels.
BItcoin has returned to a crucial resistance zone as it has formed a higher low, lingering speculation in the markets of a breakout. The recent price action has brought BTC into a decision zone where continuation or correction could define the short-term sentiment in the market.
BTC Faces Resistance at $114.7K–$115.3K After Forming Higher Low
The price of Bitcoin has rebounded into the resistance zone of $114.7K to $115.3K after recording a high low at the level of $112K. This technical structure suggests growing bullish momentum after recent weakness. The setup indicates the possibility of a breakout, should price hold above key support.
According to market analyst Michaël van de Poppe, “Bitcoin has made a higher low. Testing the resistance at $115K is usually a sign that we’re going to break into the range.” He further warns that losing $113K could shift the bias downward, exposing BTC to lower levels.
The updated 4-hour chart reinforces this scenario, showing Bitcoin pressing into a zone of high-volume participation. Traders are eyeing $116.8K as a critical level—if BTC reclaims it, a move toward $119.5K may follow, possibly resetting bullish momentum across the board.
Break Above $116.8K Could Trigger Wider Crypto Upside
If Bitcoin breaks above $116.8K and establishes it as support, the market could regain its footing. This move would open the door to a retest of $119.5K, a price area closely aligned with the all-time high range. Altcoins may also benefit as capital rotates back into riskier assets.
In a follow-up tweet, Van de Poppe noted, “Bitcoin is back to resistance and consolidates here. This test should likely bring the bullish breakout.” Market watchers interpret this consolidation as a possible launch point, especially if volume supports the move.
Failure to hold the $113K support would change the outlook. A move back to the $110K–$112K zone could occur quickly, potentially reversing recent optimism. Market participants are watching this range closely, as the next move could set the tone across the entire crypto sector.
