Bitcoin (BTC) is back above $114,000, signaling renewed bullish momentum as investors and traders eye the next major resistance around $138K. The market shows signs of strength after recent volatility.
This recovery comes after a brief correction that tested key support zones. With BTC holding above $110K, market participants are cautiously optimistic that the cryptocurrency can sustain its upward trajectory in the short term.
BTC Price Today: Stabilization After Pullback
After recent declines, Bitcoin has stabilized, reclaiming the $114K zone and signaling a pause in short-term selling pressure. The $108K–$109K region has acted as a strong foundation, while the $103K support area provided a deeper safety net during earlier dips. These levels have become critical benchmarks for traders looking to assess market strength and momentum.
Bitcoin (BTC) was trading at around $114,006, up 3.48% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
The current stabilization suggests that investors are regaining confidence after last week’s volatility. With BTC trading comfortably above $110K, the market retains a bullish structure, encouraging buyers to enter at key support points while keeping an eye on higher resistance levels.
Bitcoin Key Price Levels to Watch Today
Buyers of the Bitcoin price today are looking at a few levels that can determine BTC’s short-term direction. Short-term support is at $108K–$109K with stronger support at $103K, while a stop-loss point at $99K prevents a drop below the $100K psychological mark. Other levels of support to look out for are at $110K, with $107K–$108K being the next support line. A dip below these levels would trigger new selling pressure, and therefore these levels are critical in Bitcoin price prediction and short-term BTC price prediction.
Bitcoin aims for a major bullish target of $138K, highlighting strong upside potential as traders watch key support and resistance levels in the market. Source: melikatrader94 on TradingView
At the higher end, Bitcoin is halted first at $115K–$116K and next by a firm ceiling in the zone of $118K–$121K. A breakout above these levels would pave the way to the next major target at $138K. With relatively shallow liquidity above the current levels, the upward moves might be more forceful, and sustained momentum through these resistance levels would indicate high bullish potential. Monitoring these Bitcoin price levels by traders and investors keen on gaining perspective into BTC’s short-term trend and future Bitcoin price expectations is significant.
Why Bitcoin Is Up Today
The rally over $114K is supported by renewed investor interest and stabilization of the broader cryptocurrency market. Recent market corrections had created oversold conditions, which provided a natural environment for a rebound as investors repriced in at important points of support.
BTC faces thin order books as bulls maintain control, with the liquidation divergence signal still intact. Source: @traderview2 via X
Whale accumulation and improved market sentiment have driven short-term price appreciation. Together, these measures indicate that BTC can continue to experience upward pressure over the near term, provided that support holds and longs keep adding.
Final Thoughts
Bitcoin’s rally past $114K shows market strength and sets BTC up to potentially clear $138K. Holding gains past key support zones will be imperative in order to keep the momentum going.
BTC’s last two major bottoms formed below the EMA-50—can this rebound break the pattern? Source: @TedPillows via X
The short-term path will rely on Bitcoin’s performance through the $115K–$116K resistance zone. A major breakout might confirm the buying strength, whereas a failure to hold support might lead to consolidation or even a short correction. Traders and investors would have to observe these levels in the close range to assess the long-term sustainability of the present uptrend.