Bitcoin Price Faces $115K Wall: What Traders Should Watch
Bitcoin (BTC) is trading near $114,200 today, holding strong momentum after bouncing from $110,000 last week. Analysts say the next big resistance sits at $115,000 โ a level that could decide whether bulls push toward $120K or face a correction back to $112K.
๐ Key Trading Signals
Support Zone: $112,000 โ $112,500
Resistance Zone: $115,000 โ $115,500
Bullish Breakout: Closing above $115,000 with strong volume may open the door to $118Kโ$120K.
Bearish Risk: A drop below $113,000 could trigger a short-term correction toward $110K.
๐ Indicators to Watch
RSI near 56 โ bullish but not overbought
MACD turning positive โ signals upward momentum
Volume still moderate โ breakout needs confirmation
โก Quick Take
Traders should watch the $115K level closely. A breakout above it could trigger a strong rally, while rejection may bring a healthy dip before the next leg up.
๐ Do you think Bitcoin will smash through $115K this week or face rejection?