Bitcoin Price Prediction: BTC Eyes $116K Resistance, Sideways $114K–$120K Range
Bitcoin price prediction shows BTC rising 1.55% to $115,036 with a false breakout at the $115,258 resistance level. If the hourly candle closes near $115,258, Bitcoin price prediction suggests a push to $116,000 within days. On the daily chart, a close near $116,000 without a long wick could fuel further upside toward $117,000–$119,000. However, declining volume points to likely sideways trading between $114,000 and $120,000 in the midterm. This technical analysis highlights critical resistance levels, volume decline, and a neutral market outlook for traders.
Neutral
The report shows a modest 1.55% price rise and a false breakout at $115,258 but lacking sufficient volume. Technical indicators point to short-term gains toward $116K and possibly $117K–$119K if key levels hold. However, declining volume and past instances of low volatility after similar setups suggest a sideways $114K–$120K range. This mix of limited upside potential and reduced momentum warrants a neutral market view for both short-term and medium-term trading.