{"id":96597,"date":"2025-09-15T13:40:34","date_gmt":"2025-09-15T13:40:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=96597"},"modified":"2025-09-15T13:40:34","modified_gmt":"2025-09-15T13:40:34","slug":"weekly-close-above-114k-boosts-bitcoins-bullish-case","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=96597","title":{"rendered":"Weekly Close Above $114K Boosts Bitcoin\u2019s Bullish Case"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Bitcoin tests $118K resistance, with $114K support key to confirming the end of correction.
\nOn-chain data shows cautious distribution, with no strong accumulation trend among major BTC holding groups.
\nRealized cap rose $625B in 18 months, surpassing inflows from BTC\u2019s first 15 years.<\/p>\n

Resistance Levels in Focus<\/h2>\n

Bitcoin was trading near $115,000 at press time, just under the $117,500\u2013$118,000 resistance zone. According to analyst Micha\u00ebl van de Poppe,<\/p>\n

#Bitcoin<\/a> faces the final resistance before we\u2019re going to be seeing a new all-time high.<\/p>\n

Breaking through the $117.5K-118K and we\u2019ll be going towards a new ATH.<\/p>\n

Important week, really looking forward to the volatility of this week! pic.twitter.com\/4U9Gr0guS0<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) September 15, 2025<\/a><\/p>\n\n

He added that a breakout above this level could trigger a move toward $123,000, while this week\u2019s Federal Reserve rate cut could add to volatility.<\/p>\n

Price action depicts higher lows and reinforces the trend since early September, underlining strength in the current movement. RSI is elevated, indicative of strong momentum<\/a>, but it stands close to overbought territory.<\/p>\n

Should resistance prove too strong for Bitcoin\u2019s bullish efforts, then the spotlight shifts to $114,800 for near-term support, followed by $112,000 for demand support, then deeper, farther down at $103,000.<\/p>\n

Weekly Close Above $114K<\/h2>\n

Analyst Rekt Capital noted Bitcoin\u2019s weekly close above $114,000, calling it a step toward reclaiming its Reaccumulation Range. They wrote<\/a>,<\/p>\n

\u201cSuccessful reclaim of $114k as support would not just enable upside but also confirm a likely end to the corrective phase.\u201d<\/p>\n

Charts shared by Rekt Capital highlight a repeating pattern since 2023, where former resistance levels turned into support zones before the price continued higher. The current structure mirrors those earlier setups, with a successful retest of $114,000 potentially opening the path to $130,000.<\/p>\n

<\/a>Source: Rekt Capital\/X<\/p>\n

Distribution and Market Positioning<\/h2>\n

On-chain firm Glassnode reported<\/a> that distribution among Bitcoin holders has slowed but not fully reversed.<\/p>\n

\u201cMost $BTC cohorts remain below the 0.5 threshold, indicating sell-side pressure persists. No group is showing strong accumulation (>0.8),\u201d they stated.<\/p>\n

The market remains in a neutral-to-distribution range, with no clear signs of renewed accumulation among long-term holders.<\/p>\n

This suggests that while the price has held firm, supply dynamics remain cautious. Traders are watching closely to see if stronger inflows shift the balance toward accumulation.<\/p>\n

Analyst BitBull pointed to realized cap data showing record inflows. They wrote,<\/p>\n

More money entered Bitcoin in the last 18 months than in its first 15 years combined.<\/p>\n

That\u2019s what Realized Cap shows:
\n 2009\u20132024 (15y): $435B
\n 2024\u20132025 (1.5y): $625B<\/p>\n

Realized Cap = the value of $BTC<\/a> at the price they last moved on-chain \u2192 a direct measure of capital\u2026 pic.twitter.com\/3vK0KVVtfg<\/a><\/p>\n

\u2014 BitBull (@AkaBull_) September 15, 2025<\/a><\/p>\n\n

Data shows realized cap grew by $625 billion between 2024 and 2025, compared to $435 billion from 2009 to 2024.<\/p>\n

Realized cap measures Bitcoin at the price each coin last moved on-chain. This metric suggests BTC is not only holding value but is absorbing unprecedented levels of real capital in the current cycle.<\/p>\n

Outlook<\/h2>\n

Bitcoin stands at a decisive level. Breaking above<\/a> $118,000 with $114,000 reclaimed as support would signal the end of its corrective phase and pave the way for higher levels. Failure to hold could bring short-term pullbacks before another attempt higher. With Fed policy shifts ahead, volatility is expected to remain high across markets, keeping Bitcoin\u2019s next move in sharp focus.<\/p>\n

The post Weekly Close Above $114K Boosts Bitcoin\u2019s Bullish Case<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin tests $118K resistance, with $114K support key to confirming the end of correction. On-chain data shows cautious distribution, with no strong accumulation trend among major BTC holding groups. Realized cap rose $625B in 18 months, surpassing inflows from BTC\u2019s first 15 years. Resistance Levels in Focus Bitcoin was trading near $115,000 at press […]<\/p>\n","protected":false},"author":0,"featured_media":96598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96597","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\/96597"}],"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=96597"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96598"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}