Bitcoin price is trading at $111,320 and is attempting to break a two‑week daily downtrend; a clean daily close above $115,000 would confirm bullish momentum, while failure to regain $115K risks continued corrective action toward $110,000 support amid heightened volatility and Fed-driven macro tailwinds.
Key resistance: $115,000–$117,000 — daily close above confirms breakout
Recent range: $113,000–$120,000 after July highs near $121,000; August consolidation showed seller pressure
Macro: market pricing shows ~89.7% chance of Fed rate cuts in two weeks; cuts could support long‑term crypto appreciation
Bitcoin price at $111,320 faces a two‑week downtrend; learn why $115K resistance matters, how Fed cuts could shift markets, and the near‑term outlook. Read analysis and trade implications.
Bitcoin at $111,320 battles a two-week downtrend, with volatility and Fed rate cuts shaping its next move toward $115,000 resistance.
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Bitcoin faces a critical moment as it trades at $111,320.05 on Coinbase, attempting to break a two-week daily downtrend. The market’s direction now hinges on a strong daily close above $115,000 to confirm renewed bullish momentum.
According to analyst Rekt Capital, “BTC is attempting to break its two-week old Daily Downtrend. Daily Close above the Downtrend and/or post-breakout retest would confirm the breakout.” This stresses that a decisive daily close is the clearest confirmation of a breakout attempt.
Price action shows Bitcoin moving from roughly $106,000 in June to a mid‑month dip near $101,000, then surging into July and peaking near $121,000. August brought consolidation between $113,000 and $120,000 and a recent 3.2% pullback that exposed seller pressure.
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