Bitcoin has regained momentum coming out of the weekend, showing resilience after a sharp pullback.
The flagship cryptocurrency climbed back to $113,453 at the time of reporting, rebounding from a slump that took it down from a recent high of $114,743 to a low of $112,608.
The recovery follows a deeper dip near $108,000, where Bitcoin staged a bounce that carried it above the $113,000 mark. Bulls are now working to reclaim the $115,000 level, although momentum has weakened as sellers push back. While the rebound eased immediate pressure, uncertainty remains as the market keeps a close watch on global macroeconomic risks.
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Despite the mixed signals, expectations of further gains are growing. Crypto analyst Arman Shabanndescribed Bitcoin’s current trajectory as bullish, citing the formation of a clear ascending channel.
According to his analysis, Bitcoin has been moving within this channel and recently bounced off strong support in the $108,000–$109,000 region. Shabann suggested that the market has now entered a natural correction phase, with the midline of the channel serving as the key level for determining the next move.
If Bitcoin trends lower, a retest of support around $105,000 remains possible. Shabann argued that such a move would set up another rebound, offering an ideal entry point for traders. In a bullish scenario, holding the upper boundary of the channel could trigger a strong continuation of the uptrend, with the analyst projecting a rally of over 30%—potentially lifting Bitcoin as high as $156,000. Conversely, a break below $105,000 would hand control back to the bears, exposing the psychological $100,000 region.
Another voice in the market, top crypto analyst Maartunn, flagged a significant development on Bybit, where the Taker Buy/Sell Ratio surged to 24.26, the highest since September. This spike indicates an aggressive wave of long positions, a signal often associated with strong bullish intent.
Bitcoin’s market structure is “just clean,” said crypto analyst Matthew Hyland, referring to a double bottom in the daily time frame and a potential breakout from an inverse head-and-shoulders pattern.
“Entering Q4 post halving where BTC has found cycle highs historically”. As Cointelegraph reported, BTC price may rally toward the $140,000 range next if the resistance between $112,000 and $114,000 is broken.
The coming days will be pivotal as Bitcoin tests the $115,000 resistance zone. A decisive breakout could validate bullish positioning and pave the way toward $117,500, while failure to clear resistance may trigger profit-taking or liquidations, dragging prices back toward $110,000. A confirmed move above $117,500 would also break the current lower-high structure, potentially opening the path to retesting $120,000 and higher.
For now, market sentiment leans bullish, particularly as Bitcoin appears set to close September in positive territory, up 4.5% around $113,100. Historically, a green September has often preceded strong year-end rallies, adding weight to optimistic projections for the months ahead.
Future Outlook
Despite Bitcoin price retracement and bullish price projection, risks still linger. The looming threat of a U.S. government shutdown is keeping traders cautious, as risk assets like Bitcoin tend to react sharply to political and fiscal uncertainty.
With the deadline approaching, volatility is expected to increase, making the next moves in Bitcoin’s price action all the more crucial.