Featured News Headlines
BTC Price Momentum Picks Up Amid Bullish MACD and RSI Signals
Bitcoin (BTC) is showing signs of renewed strength, forming a consolidation base above $112,500 and gearing up for a potential upward breakout. The market appears poised for a test of critical resistance levels, with technical indicators hinting at bullish momentum, though caution remains for potential pullbacks.
BTC Surges Past Key Hurdles
After stabilizing near the $112,500 zone, Bitcoin accelerated past the $113,500 hurdle, opening the door for a move above $115,000. The recent surge saw BTC spike above $116,000, accompanied by consolidation above the 23.6% Fibonacci retracement level of the $106,718–$116,309 swing.
On the hourly chart, a bullish trend line is forming with support around $113,900, further reinforcing near-term strength. Currently, BTC/USD trades above $114,000 and maintains position above the 100-hour simple moving average, signaling sustained bullish momentum.
Resistance Levels to Watch
Immediate resistance lies at $115,000, with the first key barrier at $115,500. Should BTC manage to break this level, the next resistance points are $115,750 and $116,300, with potential further gains pushing the price toward $117,500. For aggressive bulls, the $118,000 level could become the next target if momentum persists.,
Technical indicators reinforce the bullish outlook for Bitcoin. The hourly MACD is currently gaining momentum in the bullish zone, while the hourly RSI sits above 50, signaling renewed buying interest.
These signals suggest that Bitcoin may have room to test higher levels in the short term, provided buyers maintain pressure above key supports.
Potential Pullbacks
While bullish momentum is strong, a failure to breach the $115,500 resistance zone could trigger a corrective phase. Immediate support lies at $114,000, followed by $113,500 along the trend line.
Further downside could target the $111,000 zone, with $110,500 acting as near-term support. The main support at $108,500 remains crucial; a break below this level might challenge BTC’s ability to recover quickly.
Technical Overview
Bitcoin’s major support levels are at $114,000, $113,500, $111,000, $110,500, and $108,500. On the other hand, the key resistance levels stand at $115,500, $116,300, $117,500, and $118,000. Technical indicators show that the hourly MACD is in the bullish zone and the RSI is above 50, signaling positive momentum.
Overall, Bitcoin’s recent consolidation and upward momentum suggest that the cryptocurrency could test higher resistance levels in the coming sessions. However, traders should remain cautious of potential pullbacks if BTC fails to break through key hurdles.
Bitcoin is navigating a delicate balance between bullish momentum and short-term resistance. A successful breakout above $115,500 could reignite upward momentum, while a rejection might lead to a corrective phase toward lower support zones.
As BTC consolidates above $114,000, investors and market watchers will be closely observing price action near key levels. With the MACD and RSI signaling bullish conditions, the next few sessions could determine whether Bitcoin continues its climb toward $117,500–$118,000 or experiences a brief pullback.
