Bitcoin May Hold Above $114K as Analysts Eye $117,500 Resistance Amid ETF Inflows and Falling Exchange Reserves

• Bitcoin reclaims $114,000 support, reducing downside risk and validating a breakout-retest structure.

• Critical resistance sits near $117,500; failure there could prompt a pullback toward $113,500.

• Spot ETF inflows of $2.2B and lowest centralized-exchange reserves since Jan 2023 suggest strong buying pressure.

Meta description: Bitcoin $114,000 support reclaimed, ETF inflows and low exchange reserves boost demand—watch $117,500 resistance. Read the full technical update.

What does Bitcoin reclaiming $114,000 support mean?

Bitcoin reclaiming the $114,000 support level signals technical stabilization and reduces immediate downside risk. The move confirms a breakout-retest pattern and, combined with ETF inflows and falling exchange reserves, indicates renewed demand and lower selling pressure.

How strong is the $117,500 resistance level?

Analysts identify $117,500 as the next critical resistance. If Bitcoin reclaims and holds above $117,500, continuation toward higher targets becomes more likely. Failure to clear this level increases the probability of a corrective pullback toward $113,500.

Bitcoin reclaims $114K support as analysts see progress toward ending its corrective phase, with $117,500 resistance now in focus.

• Bitcoin reclaims $114K support, signaling progress toward ending its corrective phase.
• Resistance near $117,500 seen as critical, with risk of pullback to $113,500 if rejected.
• ETF inflows and falling exchange reserves point to reduced selling pressure and strong demand.

Bitcoin has reclaimed the $114,000 support level, strengthening its technical structure after recent corrective moves. Analysts say this recovery places the cryptocurrency closer to resynchronising with its trading range and ending the downside deviation.

Why did Bitcoin reclaim $114,000 support?

Reclaiming $114,000 followed a classic breakout, retest, and continuation pattern observed since 2023. Each prior horizontal resistance that was surpassed often became support after retests. Current price action mirrors that behavior, suggesting a validated recovery.

What on-chain and market data support this view?

On-chain and market indicators back the technical picture. Centralized exchange reserves are at their lowest since January 2023, implying reduced available sell-side supply. Concurrently, spot Bitcoin ETFs reported sizable net inflows, adding buying pressure that exceeded daily issuance.

How are analysts positioning around the next levels?

Market analysts note a crucial resistance band near $117,500. Should Bitcoin clear and hold above this band, technical momentum could extend higher. If rejected, expect corrective testing near $113,500, where traders may reassess support validity.

Which data points are driving the market narrative?

Key data points include: 1) ETF net inflows (reported at $2.2 billion across several days), 2) falling exchange reserves (lowest since Jan 2023), and 3) historical retest-confirmation patterns on weekly charts. These factors collectively reduce selling pressure and increase the likelihood of continued support above $114,000.

The weekly chart shows a consistent breakout-retest-continuation structure since 2023. Horizontal resistance levels turned into support after retests, and the $114,000 level appears to have completed a similar transition.

Between 2024 and 2025, Bitcoin consolidated between $75,000 and $90,000 before rallying above $100,000. The subsequent corrective phase included a downside deviation that temporarily took price below the preferred range. The recent recovery toward $114,000 suggests partial restoration of that range structure.

When could a pullback occur?

A pullback is most likely if Bitcoin is rejected near $117,500. In that case, a test of $113,500 is a reasonable near-term target. Traders should watch volume and ETF flow momentum to gauge whether buying pressure can sustain higher prices.

What trading signals should market participants watch?

Monitor: 1) price action around $117,500, 2) changes in centralized exchange reserves, 3) spot ETF inflows versus daily issuance, and 4) weekly chart retest confirmations. Clear sustained buying on these fronts favors continuation; weakening inflows or rising reserves raise risk of correction.

CryptoQuant data indicate that Bitcoin reserves on centralized exchanges are at multi-year lows, which historically correlates with reduced selling pressure. Spot Bitcoin ETF inflows recorded $2.2 billion net across a recent window, according to exchange flow trackers and market data providers.

Frequently Asked Questions

Will Bitcoin hold above $114,000 long term?

Holding above $114,000 depends on sustained ETF demand, continued low exchange reserves, and firm price action above $117,500. These factors must align to maintain higher price levels; otherwise, temporary retests are possible.

How do ETF inflows affect Bitcoin price?

Spot ETF inflows add direct buying pressure, often exceeding daily issuance and reducing available supply on exchanges. Large, sustained inflows can support higher prices by creating persistent demand.

Key Takeaways

• Reclaim of $114K: Validates a breakout-retest pattern and reduces immediate downside risk.
• $117,500 resistance: Key level for continuation; rejection increases chance of a pullback to $113,500.
• On-chain & ETF signals: Low exchange reserves and $2.2B ETF inflows point to stronger demand and reduced selling pressure.

Conclusion

Bitcoin reclaiming the $114,000 support level strengthens the technical outlook and, together with ETF inflows and falling exchange reserves, suggests reduced selling pressure and improved demand. Traders should watch $117,500 as the decisive near-term resistance, with $113,500 as the primary corrective target if rejection occurs. COINOTAG will continue tracking on-chain flows and ETF activity for updates.