Bitcoin has reclaimed the $115,000 level, restoring momentum after weeks of uncertainty and signaling that bulls are regaining 0 move comes as traders push back against selling pressure, with renewed optimism spreading across the 1 many, the rebound highlights Bitcoin’s resilience and its ability to bounce after testing key support 2 Reading: The Bitcoin Long: Bybit Traders Push BTC Taker Buy/Sell Ratio Above 24 Yet, not everyone feels 3 analysts warn that despite the recent upside, Bitcoin may still face the risk of a deeper 4 recovery looks promising, but the broader structure remains fragile, and cautious voices continue to dominate discussions.
A failure to hold above $115,000 could once again expose the market to volatility and downside 5 another layer of concern, key data shows that Galaxy Digital’s Bitcoin sales remain 6 sales, taking place even as Bitcoin rises, highlight the complex dynamics at play and temper the optimism around the recent 7 Sales Weigh On Bitcoin Top analyst Darkfost shared fresh data that revealed a significant move in Bitcoin markets 8 to him, 1,190 BTC were sent mainly to Binance, most likely to be 9 current prices, that transaction represents more than $135 million worth of Bitcoin, underscoring that large-scale institutional selling continues even as bulls fight to sustain momentum above $115,000.
Such transfers often signal that sellers, in this case Galaxy Digital, are actively reducing exposure, which can pressure the market during sensitive 10 Bitcoin has managed to rebound from its recent lows near $108,000, these heavy sales create an overhang of supply that traders must absorb before a convincing uptrend can take 11 timing adds even more weight, as Bitcoin enters a new stage marked by macro 12 looming US government shutdown now stands as one of the biggest risk factors for global 13 deadlock in Washington threatens to disrupt financial stability and could trigger volatility across equities, bonds, and digital 14 Bitcoin, this situation creates both risk and opportunity: on one hand, fear-driven selling could drag prices lower; on the other, Bitcoin’s role as a hedge may attract inflows from investors seeking 15 Reading: Bitcoin Short-Term Holders At Cost Basis: SOPR At 1 Signals Mareket Equilibrium BTC Approaches Resistance After Strong Rebound Bitcoin is trading near $116,200 after a sharp rebound from last week’s lows around $109,000.
The 8-hour chart highlights renewed bullish momentum, with price now pressing toward the key resistance zone at $117,500. This level has repeatedly capped rallies since late August, making it the line to watch for confirmation of a broader 16 recent move higher also pushed BTC back above its 50-period (blue) and 100-period (green) moving averages, both of which had previously acted as 17 price is now consolidating above these levels, showing that bulls are regaining short-term control. However, the 200-period moving average (red) sits just overhead near $115,000, and Bitcoin has only just cleared it — leaving the breakout 18 Reading: Bitcoin Retail Demand Retreats: 30D Change Falls To Lowest Level Since July Momentum remains constructive, but the market still faces a pivotal test.
A decisive close above $117,500 could invite stronger buying pressure, opening the door for a run toward $120,000 and potentially retesting the yearly highs near $125,000. Conversely, rejection at this level could trigger profit-taking, dragging the price back toward $114,000 or even $112,000. Featured image from Dall-E, chart from TradingView
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