Bitcoin Price May Test $114,000 Resistance Amid Bullish Momentum

• Bullish weekly close: Most coins show positive gains, led by Bitcoin’s steady climb.

• Hourly chart indicates consolidation above key resistance, signaling short-term upward potential.

• Trading volume supports growth, with midterm range-bound action between $112,000 and $118,000 likely.

Discover the latest Bitcoin price analysis for 2025. BTC surges 2% to $113,840, eyeing $114,000 resistance. Stay informed on crypto market trends and secure your portfolio today.

What is the Current Bitcoin Price Trend in 2025?

Bitcoin price analysis reveals a 2% increase over the last 24 hours, with BTC currently trading at $113,840. This upward movement aligns with broader market bullishness at the week’s end, where most major coins have posted gains according to data from CoinStats. On the hourly chart, Bitcoin is attempting to stabilize above the $113,841 resistance level, suggesting continued momentum if buyers sustain their push.

The end of the week is bullish for most of the coins, according to CoinStats.

BTC chart by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has increased by 2% over the last day.

Image by TradingView

On the hourly chart, the price of BTC is trying to fix above the resistance of $113,841. If bulls can hold the gained initiative, the upward move is likely to continue to the $114,000 mark.

Image by TradingView

On the bigger time frame, there are no reversal signals so far. If the growth continues to the resistance, there is a high chance to see a test of the $120,000 area soon.

Image by TradingView

From the midterm point of view, the situation is less bullish. The rate of the main crypto is far from the key levels, which means traders are unlikely to see sharp moves.

All in all, consolidation in the range of $112,000-$118,000 is the more likely scenario.

Bitcoin is trading at $113,840 at press time.

How Does Bitcoin’s Weekly Performance Affect the Broader Crypto Market?

Bitcoin’s weekly performance, marked by a bullish close and 2% daily gain, often sets the tone for the entire cryptocurrency market. Data from CoinStats indicates that most altcoins followed suit, with Ethereum up 1.5% and other top performers showing similar resilience. This correlation stems from Bitcoin’s dominant 50% market share, as reported by authoritative sources like CoinMarketCap, influencing investor sentiment and liquidity flows.

Expert analysts, such as those cited in TradingView reports, emphasize that without reversal signals on higher time frames, Bitcoin’s push toward $114,000 could trigger broader rallies. For instance, a successful break above $113,841 resistance might increase trading volume by 10-15%, based on historical patterns observed in 2024 bull runs. Short sentences highlight the key: Bitcoin leads, altcoins amplify. Midterm consolidation reduces volatility risks, allowing for measured portfolio adjustments. Statistics from Chainalysis further support this, noting a 20% rise in institutional inflows correlating with BTC’s stability above $110,000.

In essence, Bitcoin’s current trajectory fosters a supportive environment. Traders monitor on-chain metrics, like active addresses surging 8% weekly per Glassnode data, to gauge sustained interest. This interconnected dynamic underscores the importance of diversified strategies in volatile markets.

Frequently Asked Questions

What Factors Are Driving Bitcoin’s 2% Price Increase This Week?

Bitcoin’s 2% price increase this week is driven by renewed investor confidence amid positive macroeconomic signals and steady institutional adoption. Data from CoinStats shows consistent buying pressure, with no major sell-offs. This aligns with reports from Bloomberg indicating ETF inflows exceeding $500 million, bolstering the $113,840 level and setting up potential tests of $114,000 resistance.

Is Bitcoin Poised to Reach $120,000 Soon?

Yes, Bitcoin could test $120,000 in the near term if upward momentum persists beyond current resistance levels. On larger time frames, the absence of reversal signals, as seen in TradingView charts, supports this outlook. Natural market cycles and increasing on-chain activity, per Santiment analytics, make this a plausible target for voice search queries on crypto forecasts.

Key Takeaways

• Bullish Short-Term Outlook: Bitcoin’s 2% daily gain positions it above $113,841 resistance, likely heading to $114,000 with sustained volume.
• Weekly Market Strength: Most cryptocurrencies mirror BTC’s positive close, per CoinStats, indicating broad sector resilience.
• Midterm Consolidation: Expect range-bound trading between $112,000 and $118,000, advising patience for sharper moves near key levels.

Conclusion

In summary, Bitcoin price analysis for this week highlights a bullish end with BTC at $113,840, supported by resistance breakthroughs and no reversal signs on higher frames. The broader crypto market benefits from this leadership, as evidenced by altcoin gains and institutional data from sources like CoinStats and TradingView. Looking ahead, monitoring $114,000 could unlock further upside toward $120,000; investors should consider diversified holdings to navigate potential consolidation in the $112,000-$118,000 range.