Weekly Close Above $114K Boosts Bitcoin’s Bullish Case

TL;DR Bitcoin tests $118K resistance, with $114K support key to confirming the end of correction. On-chain data shows cautious distribution, with no strong accumulation trend among major BTC holding ￰0￱ cap rose $625B in 18 months, surpassing inflows from BTC’s first 15 ￰1￱ Levels in Focus Bitcoin was trading near $115,000 at press time, just under the $117,500–$118,000 resistance ￰2￱ to analyst Michaël van de Poppe, #Bitcoin faces the final resistance before we’re going to be seeing a new all-time ￰3￱ through the $117.5K-118K and we’ll be going towards a new ￰4￱ week, really looking forward to the volatility of this week! ￰5￱ — Michaël van de Poppe (@CryptoMichNL) September 15, 2025 He added that a breakout above this level could trigger a move toward $123,000, while this week’s Federal Reserve rate cut could add to ￰6￱ action depicts higher lows and reinforces the trend since early September, underlining strength in the current ￰7￱ is elevated, indicative of strong momentum , but it stands close to overbought ￰8￱ resistance prove too strong for Bitcoin’s bullish efforts, then the spotlight shifts to $114,800 for near-term support, followed by $112,000 for demand support, then deeper, farther down at $103,000.

Weekly Close Above $114K Analyst Rekt Capital noted Bitcoin’s weekly close above $114,000, calling it a step toward reclaiming its Reaccumulation ￰9￱ wrote , “Successful reclaim of $114k as support would not just enable upside but also confirm a likely end to the corrective phase.” Charts shared by Rekt Capital highlight a repeating pattern since 2023, where former resistance levels turned into support zones before the price continued ￰10￱ current structure mirrors those earlier setups, with a successful retest of $114,000 potentially opening the path to $130,000.),” they ￰11￱ market remains in a neutral-to-distribution range, with no clear signs of renewed accumulation among long-term ￰12￱ suggests that while the price has held firm, supply dynamics remain ￰13￱ are watching closely to see if stronger inflows shift the balance toward ￰14￱ BitBull pointed to realized cap data showing record ￰15￱ wrote, More money entered Bitcoin in the last 18 months than in its first 15 years combined.

That’s what Realized Cap shows: 2009–2024 (15y): $435B 2024–2025 (1.5y): $625B Realized Cap = the value of $BTC at the price they last moved on-chain → a direct measure of capital… ￰16￱ — BitBull (@AkaBull_) September 15, 2025 Data shows realized cap grew by $625 billion between 2024 and 2025, compared to $435 billion from 2009 to ￰17￱ cap measures Bitcoin at the price each coin last moved ￰18￱ metric suggests BTC is not only holding value but is absorbing unprecedented levels of real capital in the current ￰19￱ Bitcoin stands at a decisive ￰20￱ above $118,000 with $114,000 reclaimed as support would signal the end of its corrective phase and pave the way for higher ￰21￱ to hold could bring short-term pullbacks before another attempt ￰22￱ Fed policy shifts ahead, volatility is expected to remain high across markets, keeping Bitcoin’s next move in sharp focus.