Weekly Close Above $114K Boosts Bitcoin’s Bullish Case

Weekly Close Above $114K Boosts Bitcoin’s Bullish Case

TL;DR

Bitcoin tests $118K resistance, with $114K support key to confirming the end of correction.
On-chain data shows cautious distribution, with no strong accumulation trend among major BTC holding groups.
Realized cap rose $625B in 18 months, surpassing inflows from BTC’s first 15 years.

Resistance Levels in Focus
Bitcoin was trading near $115,000 at press time, just under the $117,500–$118,000 resistance zone. According to analyst Michaël van de Poppe,

#Bitcoin faces the final resistance before we’re going to be seeing a new all-time high.
Breaking through the $117.5K-118K and we’ll be going towards a new ATH.
Important week, really looking forward to the volatility of this week! pic.twitter.com/4U9Gr0guS0
— Michaël van de Poppe (@CryptoMichNL) September 15, 2025

He added that a breakout above this level could trigger a move toward $123,000, while this week’s Federal Reserve rate cut could add to volatility.
Price action depicts higher lows and reinforces the trend

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We współpracy z: https://cryptopotato.com/weekly-close-above-114k-boosts-bitcoins-bullish-case/

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