BTC Holds Key Support: How High Can Bitcoin Go Next?

Bitcoin (BTC) is showing signs of strength after bouncing from key support levels and closing back above a historically important resistance ￰0￱ current recovery follows a sharp move down at the end of the previous week, with traders now watching whether BTC can reclaim higher levels and extend the move toward $117,000. Recent price action shows the market reacting at well-established technical ￰1￱ are tracking these levels as bitcoin continues to trade within a defined ￰2￱ Reclaims Support, Tests Resistance Bitcoin rebounded from a higher low near $110,000 (on most exchanges), a level marked in purple on the daily chart shared by Rekt ￰3￱ same line was the base for previous ￰4￱ has now closed a daily candle above ~$114,300, which has historically served as a strong ￰5￱ the last five cases where bitcoin closed above this level after bouncing from the higher low, it moved toward $117,300. #BTC Bitcoin has rebounded from the very same Higher Low (purple) from which the previous reversal originated from More, $BTC has Daily Closed above ~$114.300 (black) On the previous 5 times this has happened, Bitcoin rallied to at least ~$117,300 (blue) #Crypto #Bitcoin ￰6￱ — Rekt Capital (@rektcapital) October 13, 2025 Rekt Capital notes that the $117,300 level may again act as the next ￰7￱ chart shows repeated reactions around this zone, while $123,000 remains the upper resistance, where past rallies have slowed ￰8￱ and red circles on the chart indicate the areas of past bounces and ￰9￱ Indicators Show Recovery Potential The daily RSI has formed a bullish ￰10￱ the price made higher lows, RSI made lower lows, suggesting momentum may be ￰11￱ RSI is now rising out of oversold territory, which supports the case for further strength.

A new CME gap between $115,690 and $116,865 has formed, while the previous one between $109,700 and $111,310 was revisited by the spot ￰12￱ the CME futures chart technically didn’t fill the gap, Rekt Capital commented , “ Price obviously revisited that CME Gap price area over the weekend ,” suggesting the practical relevance of the ￰13￱ Structure Maintains Bullish Trend On the weekly chart, BTC continues to hold above the 21-week EMA, a level that has supported higher candle-bodied lows across the ￰14￱ Capital marked past reactions where this EMA acted as a base for upward continuation. Bitcoin’s latest bounce has once again respected this moving average, now sitting near $115,578.