BTC Price Analysis: Bitcoin Needs to Reclaim $114K to Confirm Bull Run Continuation

Bitcoin has staged a recovery from the institutional demand zone near $106K, reclaiming key short-term structure ￰0￱ momentum remains cautious, reclaiming $114K–$116K remains essential to confirm a bullish continuation toward the previous all-time ￰1￱ Analysis By Shayan The Daily Chart On the daily timeframe, Bitcoin has rebounded strongly from the $102K–$104K institutional demand zone, which aligns with both the 200-day MA and the ascending channel support that has guided the broader uptrend since ￰2￱ recovery candle structure shows early signs of renewed strength, but the 100-day MA, currently positioned around $115K, acts as immediate ￰3￱ level coincides with the mid-range zone from the recent distribution phase and marks the first critical test for bulls.), aligning with the former range base and local order ￰4￱ region acts as a key decision point (DP) for short-term traders.

A confirmed breakout above this area would confirm a structural shift in momentum, targeting the $120K–$122K liquidity pocket. However, if the price fails to reclaim this range and forms another lower high, BTC could revisit the $102K–$104K area to retest demand before establishing a sustainable mid-term ￰5￱ remains constructive but fragile, suggesting that volatility compression is setting up for the next directional move.) currently stands near 1.9, slightly below its 365-day moving average. Historically, each time the ratio dropped below the 365 SMA, it has marked a buying opportunity and a local bottom signal, as seen during mid-2021, June 2022, and early ￰6￱ consistent pattern indicates that the market is once again entering an undervaluation phase, where long-term holders historically begin ￰7￱ MVRV Ratio’s positioning below its long-term average reflects reduced speculative excess and growing long-term confidence, aligning with the technical reaction from the institutional demand ￰8￱ this metric begins to turn upward from current levels, it could confirm that the recent sell-off was a cyclical bottom formation, supporting a renewed bullish phase into Q4.