200MA

#Bitcoin Eyes Critical $115K Resistance as Bulls and Bears Battle for Control
Bitcoin ($BTC ) is approaching a crucial resistance zone between $115,000 and $116,000, a region that has acted as a magnet for price action on both the upside and downside in recent weeks. As market participants look for direction, this level is shaping up to be a decisive battleground between bulls and bears.

Key Resistance Confluence: Horizontal Level and 200 EMA/MA on the 4-Hour Chart
From a technical perspective, the $115K–$116K range is not just a psychological threshold but also a highly respected horizontal zone. Bitcoin has consistently reacted to this area, using it as both support and resistance in past cycles. Now, it stands as a formidable resistance that bulls must conquer.

Adding to the complexity of this zone, the 4-hour 200-period Moving Average (#MA ) and Exponential Moving Average (#EMA ) are hovering just above the current price action. Historically, both the #200MA and 200EMA serve as dynamic resistance zones during retracements, further strengthening the significance of this region.

Why This Level Matters
Breaking above this zone could signal a major momentum shift in favor of the bulls, opening the path to retest higher levels such as:

$120,000 psychological level

$124,000, near Fibonacci extension levels

$129,000, the previous local high

However, failure to break this level convincingly could trigger another rejection and potentially a deeper correction toward the $108,000 #support , which has previously attracted significant buying volume.