Bitcoin stabilizes above $114,200, building momentum; breaking the $115,500 resistance could initiate a new round of rise | BTC price prediction

Bitcoin (BTC) began a rebound after receiving support in the $112,000 area, currently holding above $114,000 and the 100-hour moving average, and has broken through the downward trend line resistance at $114,300. Long positions are building strength to challenge the key resistance level at $115,500. If this level is effectively broken, it may further rise to $116,250 (61.8% Fibonacci retracement level) and even $117,500. Conversely, if it faces resistance and falls back, one should be cautious of the support lines at $113,500 and $112,000. Technical indicators show that the MACD bearish momentum is weakening, and the RSI has returned above the neutral line at 50, with the Bull vs Bear Battle intensifying in the short term.

Rebound Established: Double Resistance Breakthrough Releases Positive Signal The Bitcoin price initiated a rebound after confirming support in the $112,000 area, successfully breaking through two key resistance levels:

1. Key Price Level Breakthrough: Successfully recapturing the psychological levels of $113,500 and $114,200 consecutively.
2. Technical Structure Improvement: The hourly chart breaks through the downward trend line resistance at $114,300. The current price is trading above $114,000 and the 100-hour simple moving average (SMA), and the rebound structure remains intact.

Core Battle: $115,500 Becomes the Bull vs Bear Battle Dividing Line The next phase target for long positions is clearly aimed at the resistance area of $115,500, which is also close to the 50% Fibonacci retracement level of the recent fall (from the high of 118,918 to the low of 112,000). Predicted breakthrough path:

• First resistance: 115,000 USD psychological level
• Key Resistance: $115,500 (Current Bull vs Bear Battle Zone)
• Breakthrough Target:
  • 116,250 USD (61.8% Fibonacci retracement level)
  • 117,500 USD technical resistance
  • 118,000 USD stage high
  • 120,000 USD round number Key Reminder: The daily closing price must effectively hold above $116,250 to confirm the continuation of the uptrend.

Risk Warning: Falling below 114,200 may trigger a deep pullback If the price fails to break through the 115,500 USD resistance, be wary of the risk of a pullback. Support levels below:

• Basic Defense: $114,200 (recent breakout level, now converted to support)
• Key Support: $113,500 (last line of defense for long positions)
• Strong support zone: $112,000 (starting point of this rebound)
• Breakout Target: $110,500 → $108,500 (Mid-term Bull vs Bear Battle)

Technical Indicator Bull vs Bear Interpretation

• MACD (Hourly Chart): The histogram is below the zero axis, but the bearish momentum is weakening, releasing a signal of diminishing downward momentum.
• RSI (Relative Strength Index): Breaks above the neutral level of 50, short-term buying power slightly dominates.
• Key Support: $113,500 > $112,000
• Core resistance: $115,500 > $117,500

Conclusion: Consolidation awaits breakthrough, $115,500 determines the situation Bitcoin is currently in a converging consolidation phase, with the $115,500 resistance and $114,200 support forming a short-term oscillation range. The MACD and RSI indicators suggest that the market is leaning towards long positions, but attention should be paid to the volume correlation at the four-hour level. Traders should keep a close watch on:

1. The breakthrough of 115,500 USD is valid (must be accompanied by increased volume)
2. 114,200 USD defense strength (fall below then trend weakens)
3. $112,000 leverage liquidation concentration area support The choice of breakthrough direction will determine whether BTC can regain its upward momentum to challenge the $120,000 mark or test the $110,000 support level again.