BTC Struggles to Reclaim Key Levels — Can Bulls Break Through?

Bitcoin is attempting a recovery after dipping to $112,500, now trading back above $114,000. However, multiple hurdles lie ahead before it can reach the $120,000 zone.

BTC bounced above $113,500 but remains under $115,000 and the 100-hourly SMA.

The BTC/USD hourly chart highlights a bearish trendline resistance near $114,800.

A decisive move above $115,000 could trigger another leg higher.

Support Zones:

Bitcoin slipped below $115,500 and tested $112,400 before attempting a rebound. The price is now recovering toward the 23.6% Fib retracement of the $124,420 → $112,400 drop. Immediate support sits at $113,500, followed by $112,400. Deeper losses could open the door to $111,500, $110,000, and even $108,000.

Resistance Zones:

The first barrier lies at $114,800, followed by stronger resistance at $115,000 and $115,500. A close above $115,500 could spark upside momentum toward $118,400 (50% Fib retracement), with extended targets near $120,000–$121,500.

Technical Outlook:

Hourly MACD: Bearish momentum building in negative territory.

Hourly RSI: Holding above 50, showing balanced momentum.

🔑 Key Levels:

Supports: $113,500, $112,400, $111,500

Resistances: $115,000, $115,500, $118,400

#BTC #CryptoAnalysis $BTC

#Binance #