Bitcoin Holds Above $115K Support as Analysts Outline $137K Resistance and $93K Downside

• Bitcoin trades above $115,440 support; break risks $93,576 mean level.

• Resistance sits at $123,288 and $137,302; momentum and volume will decide the next leg.

• MVRV bands show moderate elevation versus a realized price of $53,344, supporting a bullish structure since late 2022.

Bitcoin price outlook: trades above $115,440 support with $137,300 upside if held; act on levels and signals—read the full analysis.

Bitcoin holds above $115K support as analysts outline $137K resistance and $93K downside targets using pricing bands and indicators.

• Bitcoin trades above $115K, with analysts warning of $93K if support fails and $137K if resistance breaks.
• MVRV bands show Bitcoin in a moderately elevated zone, supporting a bullish structure since late 2022.
• Resistance near $123K and $137K could cap gains, while supports at $114K and $111K attract strong accumulation interest.

Bitcoin trades in a narrow range where support and resistance levels may define its next major move. Current market positioning shows the asset priced slightly above the 0.5 deviation band at $115,439, while resistance aligns with the +1.0σ band at $137,302.

According to analyst Ali, $115,440 is the most important support, with upside potential toward $137,300 if held. However, a break below this area could send the price toward $93,600, aligning with the mean valuation level of $93,576.

What is the Bitcoin price outlook right now?

Bitcoin price outlook is cautiously bullish while price remains above $115,440. Holding this pivot supports a potential run toward $137,300; losing it increases the probability of a correction toward the mean near $93,576.

How do MVRV pricing bands define Bitcoin support and resistance?

The MVRV Extreme Deviation Pricing Bands use the realized price of $53,344 to map statistical zones of valuation. Price currently sits slightly above the 0.5σ band, signaling moderate optimism but not extreme overvaluation. Historical rebounds from lower bands show these levels attract accumulation, shaping both short-term momentum and the long-term trend.

Why are $123,288 and $137,302 significant resistance levels?

Historical price action shows $123,288 coincides with previous all-time highs and sharp reversals, making it a tactical supply zone. The +1.0σ MVRV band at $137,302 marks a higher-probability resistance band. Together they form layered overhead barriers that could stall or reverse rallies without clear breakout confirmation.

Frequently Asked Questions

How should traders interpret the current indicators?

Volume has increased during the latest rally, confirming participation. The RSI is rising but not at extreme levels, indicating room for extension. These indicators suggest the market may continue higher if support at $115,440 holds, while divergences or falling volume would warn of exhaustion.

Bitcoin MVRV outlook, Source: Ali on X

How to read MVRV bands to assess Bitcoin risk (HowTo)

BTC/USDT 1-day price chart, Source: Michael on X

Key Takeaways

• Pivot level: $115,440 is the immediate pivot—hold for bullish continuation.
• Targets: Upside targets at $123,288 and $137,302; downside mean near $93,576 if support breaks.
• Indicators: Volume and RSI support the current rally; MVRV bands show moderate elevation, not extreme risk.

Conclusion

Bitcoin’s near-term trajectory hinges on the $115,440 support. If it holds, the market has a clear path to $123,288 and potentially $137,302; if it fails, the mean valuation near $93,576 becomes the primary target. Monitor volume, RSI, and MVRV bands and adjust risk management accordingly. COINOTAG will update this analysis as new data emerges.