{"id":86404,"date":"2025-08-06T14:00:56","date_gmt":"2025-08-06T14:00:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86404"},"modified":"2025-08-06T14:00:56","modified_gmt":"2025-08-06T14:00:56","slug":"bitcoin-charting-a-recovery-bullish-base-forms-after-115000-drop","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86404","title":{"rendered":"Bitcoin Charting A Recovery: Bullish Base Forms After $115,000 Drop"},"content":{"rendered":"

Bitcoin<\/a> is showing signs of life after a sharp drop from the $115,000 level, with bullish momentum<\/a> quietly rebuilding beneath the surface. As volatility settles, a potential recovery is beginning to take shape, fueled by key technical signals on lower timeframes. With the market stabilizing, the next move could define the short-term trend.<\/p>\n

Sharp Pullback Follows Rejection At $115,000 Resistance Zone<\/h2>\n

Providing an update<\/a> on the current state of the crypto market, Kurnia Bijaksana pointed out that Bitcoin, along with several altcoins<\/a>, experienced a sharp decline last night. The sudden move caught the attention of traders and analysts alike, prompting a closer look at both the technical and fundamental factors driving the action.<\/p>\n

From a purely technical<\/a> perspective, the decline appears to have been triggered by Bitcoin hitting a key resistance zone<\/a> near the $115,000 level. Despite the pullback<\/a>, Kurnia observed that Bitcoin\u2019s price is now showing early signs of recovery. This area has acted as a ceiling for prices in recent sessions, and the rejection sparked selling pressure across the broader crypto market.\u00a0<\/p>\n

However, on the intraday chart, a rebound is already underway, suggesting that buyers are stepping in to defend key levels and potentially absorb the recent selling. Whether this bounce can turn into a sustained move higher remains to be seen, but for now, the charts suggest that Bitcoin may be stabilizing after the initial drop<\/a>.<\/p>\n

1-Hour Chart Reveals Early Signs Of A Trend Reversal<\/h2>\n

Kurnia Bijaksana provided further analysis, focusing on Bitcoin\u2019s price action within the 1-hour timeframe. According to the analyst<\/a>, BTC is currently forming a higher low\u2014a classic indicator that signals growing bullish<\/a> momentum and the potential for an upward continuation in the near term.<\/p>\n

Bijaksana also highlighted the potential development of an inverse head and shoulders pattern, which is typically seen as a strong bullish reversal<\/a> signal. In this case, the neckline of the pattern is located around the $115,300 level, a key resistance zone that Bitcoin must break through to confirm further upside.<\/p>\n

If Bitcoin manages to break and hold above this neckline, Bijaksana believes it could trigger a measured move toward the $118,000 level. A confirmation of this breakout<\/a> would provide a clear bullish signal, possibly paving the way for continued strength in the coming sessions.<\/p>\n

Bitcoin is currently priced around $114,315, boasting a market capitalization exceeding $2.2 trillion. Over the past 24 hours, it has recorded a trading volume of more than $58.8 billion, reflecting strong market activity.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin is showing signs of life after a sharp drop from the $115,000 level, with bullish momentum quietly rebuilding beneath the surface. As volatility settles, a potential recovery is beginning to take shape, fueled by key technical signals on lower timeframes. With the market stabilizing, the next move could define the short-term trend. Sharp Pullback […]<\/p>\n","protected":false},"author":0,"featured_media":86405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86404"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86404"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86405"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}