Bitcoin Price Prediction: BTC Might NOT Hold $111K as Risk Looms...
Bitcoin at a Crossroads: $111K in Focus
Bitcoin ($BTC) is currently trading near $111,365, just above a critical support level at $111,350. The chart shows a decisive moment as BTC struggles to break above the 50-day SMA ($115,648), while the 200-day SMA ($101,465) is holding as long-term support.
The question now is whether Bitcoin can build momentum toward $118,616 resistance, or if bearish pressure will push it down to test the $100K level again.
Key Support and Resistance Levels
- Immediate Resistance: $112,142 and the 50-day SMA at $115,648
- Strong Resistance Zone: $118,616 – a breakout above this level could shift momentum bullish
- Immediate Support: $111,350 (current line of defense)
- Major Support: $101,465 (200-day SMA) and psychological $100,000
- Extended Downside Risk: $75,000 – highlighted as a potential bottom if macro weakness intensifies
BTC/USD 1-day chart - TradingView
These levels are guiding traders’ decisions, with the market consolidating inside a narrowing channel.
Technical Indicators
- Downtrend Line: BTC remains under a descending red trendline, signaling bearish dominance unless broken.
- RSI (14): Currently at 45.91, showing neutral-to-weak momentum, with room for either upside recovery or further decline.
- Moving Averages: The 50-day SMA is trending below resistance, capping rallies, while the 200-day SMA acts as a solid long-term support.
If $Bitcoin closes decisively above the 50-day SMA, it could attract bullish momentum. A breakdown below the 200-day SMA, however, risks deeper correction.
Bitcoin Price Prediction over the Medium-Term
- Bullish Scenario: A breakout above $115K–$118K could send BTC back toward the $120K zone, with further upside potential if momentum strengthens.
- Bearish Scenario: Failure to hold $111K support may lead to a retest of the $100K mark, and if broken, open the way toward the $75K support zone.
Given current indicators, Bitcoin’s price action remains range-bound but vulnerable to macroeconomic shocks and market sentiment shifts.
Outlook
Bitcoin’s next major move depends on whether bulls can defend $111K and reclaim $115K resistance. Until then, BTC trades cautiously between crucial moving averages, with risks skewed to the downside if support levels crack.
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Bitcoin Price Prediction: BTC Might NOT Hold $111K as Risk Looms...
Bitcoin at a Crossroads: $111K in Focus
Bitcoin ($BTC) is currently trading near $111,365, just above a critical support level at $111,350. The chart shows a decisive moment as BTC struggles to break above the 50-day SMA ($115,648), while the 200-day SMA ($101,465) is holding as long-term support.
The question now is whether Bitcoin can build momentum toward $118,616 resistance, or if bearish pressure will push it down to test the $100K level again.
Key Support and Resistance Levels
- Immediate Resistance: $112,142 and the 50-day SMA at $115,648
- Strong Resistance Zone: $118,616 – a breakout above this level could shift momentum bullish
- Immediate Support: $111,350 (current line of defense)
- Major Support: $101,465 (200-day SMA) and psychological $100,000
- Extended Downside Risk: $75,000 – highlighted as a potential bottom if macro weakness intensifies
BTC/USD 1-day chart - TradingView
These levels are guiding traders’ decisions, with the market consolidating inside a narrowing channel.
Technical Indicators
- Downtrend Line: BTC remains under a descending red trendline, signaling bearish dominance unless broken.
- RSI (14): Currently at 45.91, showing neutral-to-weak momentum, with room for either upside recovery or further decline.
- Moving Averages: The 50-day SMA is trending below resistance, capping rallies, while the 200-day SMA acts as a solid long-term support.
If $Bitcoin closes decisively above the 50-day SMA, it could attract bullish momentum. A breakdown below the 200-day SMA, however, risks deeper correction.
Bitcoin Price Prediction over the Medium-Term
- Bullish Scenario: A breakout above $115K–$118K could send BTC back toward the $120K zone, with further upside potential if momentum strengthens.
- Bearish Scenario: Failure to hold $111K support may lead to a retest of the $100K mark, and if broken, open the way toward the $75K support zone.
Given current indicators, Bitcoin’s price action remains range-bound but vulnerable to macroeconomic shocks and market sentiment shifts.
Outlook
Bitcoin’s next major move depends on whether bulls can defend $111K and reclaim $115K resistance. Until then, BTC trades cautiously between crucial moving averages, with risks skewed to the downside if support levels crack.
Read More
Businesses Buy 1,755 Bitcoin Daily, Adding $1.3 Trillion in 20 Months – BTC Above $125K Next?