Bitcoin Flexes Power 💪 – Can Bulls Keep the Charge Alive? �
Stuart Crown
Updated at: 2 hours ago
{"content":"Bitcoin Flexes Power 💪 – Can Bulls Keep the Charge Alive? 🐂⚡
Bitcoin price improves over $114,500. BTC is stabilizing and might surge if it breaks $116,200.
Bitcoin rose again over $114,200.
Price is below $115,000 and 100 hourly Simple moving average.
The hourly BTC/USD chart shows a bullish trend line with support around $115,000.
If it breaks $116,200, the pair may rise again.
Bitcoin Price Rises
Bitcoin launched a new comeback from $111,200. BTC broke $112,500 and $113,500 barrier.
Bulls pushed price over $114,000 and $115,000. The price reached $116,298 and is consolidating. After a brief drop below $115,800, the price is still above the 23.6% Fib retracement level of the current advance from $110,815 swing low to $116,298 high.
Bitcoin is over $114,500 and the 100-hour SMA. The hourly BTC/USD chart shows a bullish trend line with support around $115,000.
Close to $116,000 is immediate upward barrier. First major resistance is at $116,200. The next hurdle may be $116,800. A closing above $116,800 barrier might boost prices. The price may increase to $117,500 resistance. More advances might push the price beyond $118,400. Bulls may face $118,800 next.
Another BTC Drop?
Bitcoin may fall again if it fails to break $116,200. The trend line zone and $115,000 level provide immediate support. First significant support is at $113,550, the 50% Fib retracement level of the current rise from $110,815 swing low to $116,298 high.
The next support is at $113,000. More losses might push the price toward $112,500. BTC may fall severely below $110,500, the primary support.
The technical indications
The MACD is rising in the positive zone.
Relative Strength Index hourly BTC/USD RSI is over 50.
Major Support Levels: $115,000, $113,500.
Major Resistance Levels: $116,000, $116,200.
#BTC #ETHWhaleWatch #MarketRebound #Write2Earn #AITokensRally $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/12/06d579640192405ba79a4e07d22fcf8c.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}