BTCUSDT: Buyers Aim for Recovery Toward $115K Resistance

[ed]

Hello everyone, here is my breakdown of the current Bitcoin setup.

Market Analysis

Bitcoin (BTCUSDT) is showing a constructive bullish setup after rebounding from the 106,600–107,000 Support Zone. This area has consistently acted as a strong demand region, confirming buyers’ interest each time price tested the lower boundary of the Upward Channel. The market structure has remained bullish overall, characterized by a series of higher highs and higher lows since the correction phase in mid-October.After a recent fake breakout below the support line, buyers quickly regained control, pushing price back above the channel’s lower boundary. This rejection from support and recovery above 110,000 suggests renewed bullish momentum.

Currently, BTCUSDT is approaching the midline of the channel, while short-term resistance lies at 115,400 — a level that coincides with a previous fake breakout zone and horizontal supply area.

My Scenario & Strategy

As long as BTCUSDT holds above the 109,000–110,000 region, the bullish scenario remains valid. I expect the price to continue climbing toward the 113,000–115,400 Resistance Zone in the near term. A clean breakout above 115,400 could open the way for another bullish leg toward the upper boundary of the channel near 117,000–118,000.

However, a confirmed rejection from 115,400 could trigger a temporary pullback toward the support trendline before another potential push higher. In my view, Bitcoin remains in a healthy uptrend, and I prefer to look for long opportunities from dips above the support line, targeting 115,400 (TP1) and potentially 117,000 (TP2).

That's the setup I'm tracking. Thank you for your attention, and always manage your risk.

[kelson10]

Momentum slowly building — $115K could be the next battleground.

[alex10]

If bulls hold above the 20-day EMA, breakout looks inevitable.