Bitcoin Reclaims $115,000 Amid Renewed Bullish Momentum
- Bitcoin has climbed back to the $115,000 level after a period of volatility.
- The percentage of Bitcoin supply in profit has risen to 83.6%, indicating improved market sentiment.
- BTC is trading around $115,443 and has broken above both the 50-day and the 100-day moving averages.
- A key resistance level at $117,500 could determine the next phase of Bitcoin’s price movement.
Bitcoin’s recent rise to over $115,000 reflects a shift in market sentiment as investors regain confidence following weeks of consolidation. The increase in Bitcoin supply in profit suggests that more holders are experiencing unrealized gains, which typically signals a healthier market environment.
If BTC can maintain its position above $115K and break past the critical resistance at $117,500, it may pave the way for further upward momentum toward higher price targets like $120K–$125K. (Source)
