BTC Price Action 🎯 – Breakout Holds, But Rally Faces Key Test Ahead

Bitcoin rallied past $114,000 but now faces a crucial challenge at $115,000.

Key Market Highlights:

• BTC/USD broke above the $112,200 resistance trend line.

• Price trades above $114,000 and the 100-hour SMA.

• Immediate resistance sits at $114,750 – with $115,000 as the next major hurdle.

• A close above $115,500 could open the door to $116,500 and $117,500 targets.

Support Levels to Watch:

• Immediate support at $113,500.

• Key support zones near $112,500 and $111,750.

• Failure to hold could drag BTC toward $111,200 and $110,500.

Technical Indicators:

• MACD remains bullish in the positive zone.

• RSI for BTC/USD stays above 50, signaling strength.

Outlook:

Bitcoin’s breakout is intact, but the $115,000 level is the key barrier to watch. A decisive close above it could fuel further momentum, while rejection may trigger a pullback.

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