Bitcoin Climbs Past $115,000 on Inflation Relief and ETF Flows, But Bearish Signals Loom

Bitcoin (BTC) has extended, surging to a three-week high of $115,500, fueled by softer ￰0￱ data and steady inflows into Bitcoin ￰1￱ rally coincided with growing investor optimism that the Federal Reserve may deliver a 25 basis-point rate cut next week, further boosting risk ￰2￱ Reading: Dogecoin RSI Signal Returns—Last Time It Sparked A 1,700% Rally According to CoinMarketCap data, Ethereum (ETH) also gained ground, trading above $4,550, while altcoins like Solana (SOL) and Dogecoin (DOGE) recorded sharp ￰3￱ climbed over 7% to $239, while Dogecoin rose 5% to $0.26, signaling broad-based strength across the crypto market. BTC's price trends to the upside on the daily chart.)?

If Bitcoin achieves a sustained breakout above $116,000, analysts believe the next target could be $118,000, with strong support around $113,700. However, volatility remains a risk as traders wait for the Fed’s upcoming interest rate ￰4￱ to the positive outlook, Sean Ono Lennon, son of music legend John Lennon, recently praised Bitcoin as a hedge against “runaway money printing,” emphasizing its appeal as a scarce, decentralized asset during times of economic ￰5￱ Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery For now, Bitcoin’s uptrend remains steady, but looming bearish signals and resistance levels could challenge the strength of the rally in the coming days, possibly leading to another dip below $110,000.

Cover image from ChatGPT, BTCUSD on Tradingview