Bitcoin May Target $165,745 After Bull Signals Near $116,652, Analysts Say

• Bull breakout above $116,652 targets $165,745 (≈40% upside)

• Support holds at $87,159 with hidden bullish divergence on oscillators.

• On-chain metrics: daily active addresses >740,000; analysts expect a possible September dip to $94K–$100K.

Bitcoin price near $111,533; breakout above $116,652 could target $165,745 — read market signals and action steps to prepare.

What is Bitcoin’s immediate price outlook and key resistance?

Bitcoin is trading near $111,533 and faces critical resistance at $116,652; a confirmed breakout above this level would likely target $165,745, while support near $87,159 preserves the long-term bullish structure. Short-term retracements may test $94K–$100K before any sustained rally.

How do technical indicators point to $165,745?

Chart analysis shows hidden bullish divergence on oscillators that historically precede extended upward cycles. Fibonacci extensions and multi-timeframe resistance projections align at $165,745 after a decisive close above $116,652. Analysts note a pattern of higher lows since 2022, reinforcing the bullish market structure.

Past cycles show similar hidden divergences before major rallies, supporting the current bullish interpretation. Support around $87,159 has held through multiple retracements, and accumulation on dips appears steady. If momentum sustains above $116,652, projection tools indicate $165,745 as the next major target.

Why do on-chain metrics and market structure matter now?

On-chain activity remains robust with daily active addresses above 740,000 and stable futures open interest, signaling engaged market participation. Liquidity clusters and observed liquidation zones near $112,000 could accelerate moves if buyers push through resistance. Volume patterns match a consolidation ahead of potential directional breakout.

Price action on Wednesday showed Bitcoin at $111,533 after a >4% gain over three sessions. The market briefly tested ~$107,000 before rebounding into the $111,000 zone, which aligns with key May–June support levels. Analysts referenced observed patterns that may create a September low between $94,000 and $100,000, followed by a potential breakout in October and an extended rally into year-end.

How should traders prepare for the breakout scenario?

1) Monitor closes above $116,652 on higher volume.

2) Watch liquidity and derivatives metrics around $112,000 for acceleration signals.

3) Use layered position sizing if the asset breaks resistance to manage risk against $87,159 support.

Frequently Asked Questions

What triggers the $165,745 Bitcoin target?

A decisive daily close above $116,652 with elevated volume and supportive on-chain signals typically triggers projection tools (Fibonacci extensions) that identify $165,745 as the next major resistance area.

How likely is a September dip to $94K–$100K?

Market observers note consolidation patterns and seasonal flows that could produce a short-term retracement into the $94K–$100K band before buyers re-enter, making it a plausible corrective range rather than an invalidation of the bullish structure.

Key Takeaways

• Immediate resistance: $116,652 — clear daily close above it would be bullish.
• Target if breakout confirmed: $165,745 (≈40% upside based on projections).
• Risk management: Support at $87,159 and a potential September low of $94K–$100K guide stops and position sizing.

Conclusion

Bitcoin currently shows technical and on-chain signals that support a bullish scenario if it clears $116,652. Support levels and active-address metrics back the longer-term uptrend, while a disciplined approach to risk and volume confirmation will be essential. Monitor key levels closely and prepare for both a corrective dip and a potential breakout to $165,745.