Bitcoin price is trading near $115,350 after a near 3% intraday rise, testing short-term support at $115,189; a failure to hold may trigger a pullback toward $114,000–$115,000, while low volume suggests a likely sideways range through the month.
BTC price seen testing $115,189 support — immediate risk of a $114k retest
On hourly charts BTC rose ~3% today with low volume, signaling limited near-term volatility.
Midterm outlook: false breakout at $111,919 points to range-bound trading between $114,000–$118,000.
Bitcoin price outlook: BTC price near $115,350; watch $115,189 support and $114,000 target — read latest analysis and next steps for traders.
What is the Bitcoin price outlook today?
Bitcoin price is trading around $115,352 after a near 3% intraday rally. Front-loaded momentum met a local support level at $115,189; failure to hold that support could prompt a quick retest of the $114,000–$115,000 zone, while low volumes favor a sustained range-bound phase.
How is BTC reacting to support and resistance levels?
On the hourly chart BTC price sits close to local support at $115,189 with a short-term resistance band near $118,000. Volume readings are muted, according to CoinStats and TradingView data, which reduces the probability of an immediate breakout and increases the chance of sideways trading.
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The rates of all top 10 coins are rising today, according to CoinStats. Market breadth is positive but volume confirms restraint, limiting the chance of a strong directional move. Traders should watch intraday support and resistance closely.
Bitcoin’s intraday rise of almost 3% has brought the BTC price to roughly $115,352 at press time. The immediate support is $115,189; if that level is breached by the end of the trading day, the next logical zone is $114,500–$115,000.
On the hourly chart the rate of BTC is near the local support of $115,189. A decisive bounce would keep the bulls in control; a failure to bounce could produce a level breakout and a drop to the $114,500–$115,000 zone.
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Source: https://en.coinotag.com/bitcoin-may-test-114000-after-failing-to-hold-gains-low-volume-could-keep-price-in-114k-118k-range/