After weeks of consolidation, Bitcoin climbs above $115,000, signaling renewed momentum and hinting at a possible trend reversal from its descending channel.
Bitcoin (BTC) has surged past $115,000, breaking out of a month-long downward channel and reigniting bullish sentiment across the crypto market. The move comes after repeated tests of a strong support area near $105,000, where buyers have consistently defended the price, forming what analysts describe as a potential reversal base.
This breakout marks one of the most notable recoveries since early October, when Bitcoin faced heavy rejection near the $118,000 zone — now viewed as the next major resistance level.
Technical Analysis: Channel Breakout Signals Strength
On the daily chart, Bitcoin had been trading within a descending channel since late July. The recent breakout above the channel’s upper trendline suggests growing bullish pressure. The orange support zone between $104,000 and $107,000 has acted as a critical accumulation region, while the green resistance area near $118,000 is expected to test buyers’ strength in the coming sessions.
According to market analyst Ryan Mitchell, “A confirmed breakout above $115,000 could push BTC toward $118,500–$120,000, provided volume continues to rise.” He added that the $105,000 level remains the key invalidation point for the current bullish setup.
Trading volume also shows renewed activity, with several high-volume candles indicating fresh institutional participation. “This looks like the start of a broader recovery phase,”According to BITX . “If Bitcoin can sustain above $113,000 for a few days, the sentiment could quickly shift from caution to confidence.”
The short-term outlook remains cautiously optimistic. If Bitcoin breaks and closes above $118,000, analysts anticipate a move toward $125,000, where the next supply zone lies. Conversely, a rejection from the upper resistance may trigger a retest of the $107,000–$109,000 demand area.
“The technicals suggest a decisive moment for Bitcoin,” According to BITX . “A strong daily close above resistance would mark the end of the current downtrend channel and possibly the beginning of a new bullish leg.”
With momentum building and volatility tightening, Bitcoin’s next move could define its trajectory into late 2025, setting the tone for broader crypto market sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.