Bitcoin News Update: BTC is stable above $115,000
Bitcoin ($BTC) makes headlines when consolidating nearby $115,735showing resilience after weeks of volatility. Charts highlight support between $111,350 – $112,142While resistance stands $118,616. For traders, the big question is whether Bitcoin can turn this integration into a breakout, or whether it is being rejected by the card.
BTC/USD 1 Day Chart – TradingView
Technical Photo: BTC was caught between support and resistance
- 50 Day SMA ($114,393): Bitcoin is above this important short-term average and shows ongoing bullish momentum.
- 200 Day SMA ($103,378): The long-term trend is clearly upwards, reinforcing the strength of the market in 2025.
- RSI (55): Leaves space for both neutral, upward continuation or short-term pullbacks.
Bully outlook: Bitcoin targets $120,000
If BTC is cleared $118,600 resistancetraders are hoping to push towards $120,000psychological milestones and major headline drivers. A confirmed breakout can open the path to $124,000boosts bullish sentiment across the crypto market.
Bitcoin Bearish Risk: Pullback to $111,000
Cannot be held above $114K – $115K It can cause decline $111K Support Zone. Deeper corrections are the target A 200-day SMA is $103,000such declines may require broader risk-off sentiment in the global market.
Bitcoin Price Prediction: What to Expect Next
For now, $bitcoin could do so Trade between $111,000 and $118,000 Until the breakout decides the next move. Once September is over, traders need to stay vigilant: Moves above $118K Check your bullish momentum during the break below $114K Risk negative side pressure has been updated.
