Bullish $BTC

If macro-conditions are favourable (e.g., central bank cuts or easing trade/geopolitical tensions), Bitcoin could benefit as a “risk-on” asset.

A view: if Bitcoin can firmly hold above ~$114,000-$115,000 support, it might break toward higher resistance zones.

Some analysts even argue Bitcoin “may never” drop below ~$100K again if momentum and institutional flows align.

Bearish / risk scenarios

Key risk: If Bitcoin fails to defend support around ~$114,000, it could trigger a deeper correction.

On-chain and volume data show some signs of weak participation, meaning the recovery may lack strong conviction.

Some prominent analysts believe we may be at or near the top of this cycle, suggesting a potential drop to much lower levels (e.g., ~$70K).

Key levels & what to watch

Support zone: ~$114,000-$115,000 — need to see this hold to stay bullish.

Immediate resistance: ~$116,000-$119,000 region is cited as a barrier before further breakout.

Macro triggers: Events like the Federal Reserve policy announcement, geopolitical/trade developments (especially US-China) could shift bias fast.

My takeaway

Given the current data, the path of least resistance appears to be a sideways to slightly higher move for now — assuming support holds. But the scenario could flip quickly if momentum or macro conditions change. If I were summarizing:

Bullish if support holds and demand rises.

Cautious if we see breakdown of support or weak participation.#WriteToEarnUpgrade #MarketPullback #FranceBTCReserveBill #AltcoinETFsLaunch