Bitcoin price trades around $115,000 as it consolidates; defending the $114k support is critical to maintain bullish momentum. A weekly close above $114k would favor further upside, while a decisive break could shift momentum toward a deeper correction near $90k.
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Key level: $114k
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Consolidation range: $110k–$120k with daily strength but weekly uncertainty.
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Structural context: higher highs from $60k (Sep 2024) to mid‑2025 highs near $122k; downside target ~ $90k if support fails.
Meta description: Bitcoin price near $115k — $114k support is critical; follow weekly close and on‑chain signals to gauge momentum. Read expert reactions and charts.
Bitcoin trades near $115k as analysts clash over direction with $114k support now critical for deciding if the next move is bullish.
- Bitcoin faces pressure as it consolidates between $110k and $120k with traders split between profit-taking and holding strong support.
- Analysts highlight $114k as the key level to defend since breaking this support could shift momentum toward a deeper correction.
- Despite short-term selling, Bitcoin’s higher highs and strong recovery from $107k reveal continued structural strength in the trend.
Bitcoin’s price action has entered a crucial stage as it tests critical resistance levels. On Coinbase, Bitcoin trades at $115,249.02, marking a daily gain of 3.71%.
This rally follows an extended uptrend from September 2024, when Bitcoin climbed from $60,000 toward new highs. Since then, price movements have created strong bullish momentum while also inviting caution from prominent analysts.
Doctor Profit, a well-followed trader on X, argued, “Bitcoin is finally back in the sell/short zone, time to take profits.” He emphasized reducing spot exposure and increasing shorts, noting his portfolio currently sits at 80% USDT and short, with only 20% in spot holdings.
What is driving Bitcoin price strength near $115k?
Bitcoin price strength near $115k is driven by continued structural gains from the Sep 2024 base, recent buying on daily charts, and a series of higher highs that signal momentum. Short-term profit-taking is balanced by buyers defending key support zones.
How critical is the $114k support level for Bitcoin?
$114k functions as a key weekly support: holding it on the weekly close would favor bulls and reduce the chance of a deep correction. Several analysts highlight $114k as decisive; a break could target the $90k area, while a hold would keep the path to reclaiming $122k open.
Why do weekly and daily charts show diverging signals?
The weekly chart shows steady appreciation since September 2024, with notable rallies in October, November and a sharp surge in March 2025 that pushed price toward $122,000. Weekly candles have upper shadows indicating selling pressure near the sell zone.
Daily charts, by contrast, display short-term resilience: recent green candles and recovery from $107k suggest buyers remain active. Rekt Capital notes the importance of staying above ~ $114k into the week close to maintain stability.
Upper shadows on weekly candlesticks confirm strong selling interest near the highs. Current consolidation between $110k and $120k reflects indecision, while a potential downside target near $90k would represent a return to prior structural support if selling accelerates.
Frequently Asked Questions
Is Bitcoin likely to retest $90k?
A retest of $90k is a plausible scenario if $114k fails and selling pressure intensifies on higher timeframes. Historical structure and analyst models point to $90k as a key deeper support level, not an immediate certainty.
How should traders watch the $114k level?
Monitor the weekly close, daily volume, and candlestick structure. A sustained weekly close above $114k signals stability; a decisive break with follow-through volume increases the risk of a larger correction.
Key Takeaways
- $114k Support: Holding this level on the weekly close is crucial for bullish continuity.
- Range-bound Action: Bitcoin is consolidating between $110k–$120k with conflicting shorter and longer timeframe signals.
- Watch Volume & Weekly Close: Combine weekly close confirmation with daily volume to gauge momentum and potential downside targets around $90k.
Conclusion
Bitcoin price near $115k sits at a technical crossroads where defending $114k will likely determine whether the rally resumes or a deeper correction unfolds. Market participants should watch weekly closes, trading volume and structural levels. COINOTAG will continue to monitor chart developments and analyst commentary.
Published: 2025-09-12 — Updated: 2025-09-12 — Author: COINOTAG
