Bitcoin has recovered a $115,000 level and recovered momentum after weeks of uncertainty, indicating that the Bulls are regaining strength. This move comes as traders oppose sales pressures and new optimism spreads throughout the market. For many, rebound emphasizes Bitcoin’s resilience and its ability to bounce after testing key support levels.
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But not everyone is convinced. Several analysts warn that despite recent benefits, Bitcoin could still face deeper risks of correction. The recovery looks promising, but the broader structure remains vulnerable, and careful voices continue to dominate the debate. Failing to exceed $115,000 could put the market again under volatility and negative side pressure.
Important data that adds another concern indicates that Galaxy Digital’s Bitcoin sales are ongoing. These sales, which are happening even as Bitcoin rises, highlight the complex dynamics Play and soften the optimism around recent rally.
Galaxy Sales Weigh Bitcoin
Top Analyst DarkFost shared fresh data It revealed a major move in the Bitcoin market yesterday. According to him, 1,190 btc was mostly sent to Binance, as it was most likely to be sold. At current prices, the deal represents more than $135 million in Bitcoin, highlighting the continued sale of the large facility, despite the Bulls fighting to maintain momentum above $115,000.
Such transfers often indicate that the seller, in this case Galaxy Digital, is actively reducing exposure, and can put pressure on the market during sensitive periods. Bitcoin has been able to rebound from its recent lows of nearly $108,000, but these heavy sales create a supply overflow that traders must absorb before a compelling uptrend becomes entrenched. Timing adds more weight as Bitcoin enters a new stage marked with macro uncertainty.
The looming US government closure now exists as one of the biggest risk factors in the global market. A political impasse in Washington could threaten to destroy financial stability and lead to volatility across stocks, bonds and digital assets. For Bitcoin, this situation creates both risk and opportunity. On the one hand, fear-based sales can lower prices. Meanwhile, Bitcoin’s role as a hedge could attract influx from investors seeking protection.
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BTC approaches resistance after strong rebound
Bitcoin is trading nearly $116,200 after a sharp rebound from last week’s lowest price of around $109,000. The eight-hour chart highlights an updated bullish momentum, with prices currently pushing towards the key resistance zone at $117,500. This level has been repeatedly capped since late August, and is a line to monitor broader breakout confirmations.
Recent movements have led to BTC above the 50th (blue) and 100th (green) moving averages, both previously served as resistance. Prices are now integrated beyond these levels, indicating that the Bulls are regaining control in the short term. However, the 200-period moving average (red) is fictitiously close to $115,000, with Bitcoin only clearing it, leaving the breakout unconfirmed.
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The momentum remains constructive, but the market is still facing crucial testing. A critical closure of over $117,500 could lead to stronger purchase pressure, opening doors towards $120,000 and retesting an annual high of nearly $125,000. Conversely, rejection at this level can lead to profits and can pull the price back to $114,000 or $112,000.
Dall-E special images, TradingView chart
