BTC Technical Outlook: Bulls Regain Momentum, Eyeing Break Above $115,600 Resistance

Bitcoin (BTC) is showing renewed strength after bouncing sharply from the $104,800 support zone (0.236 Fib). The price is now trading near $114,300, attempting to reclaim the 0.618 Fib level at $115,600, which has acted as a critical resistance area in recent weeks.

The recovery is backed by improving short-term sentiment, with BTC reclaiming key EMAs — the 20 EMA ($112,012) and 50 EMA ($113,326) — signaling a potential shift in momentum. A confirmed close above $115,600 could open the path toward $120,300 (0.786 Fib) and potentially $124,400, where the next major supply zone lies.

On the downside, immediate support sits at $112,300, followed by $108,900 and the stronger base near $104,400–$105,000. A failure to hold above these zones could expose BTC to a deeper pullback toward $98,200.

The RSI around 54 shows moderate bullish momentum, leaving room for further upside if buying volume continues to increase.

📊 Key Levels

Resistance: $115,600 → $120,300 → $124,400 → $126,300

Support: $112,300 → $108,900 → $104,400

Overall, Bitcoin is showing early signs of bullish continuation, but a decisive breakout above $115,600 remains the key trigger for stronger upward momentum.

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