Bitcoin (BTC) Price Prediction: Bulls Push Above $112K but Weekly Signals Keep Outlook Neutral

Bitcoin is currently trading around the $115,000 level and has gained noticeable momentum on lower timeframes. As mentioned in our previous analysis, BTC had been facing strong resistance near the $112,000 zone, which it finally broke above just yesterday. This breakout signals short-term bullish strength, even though the broader daily trend still leans downward. The move suggests a potential relief phase for BTC in the immediate short term as buyers attempt to regain control on micro timeframes. However, to turn this short-term momentum into something more meaningful, bulls will need to push higher and reclaim key support levels, which will not be easy. Let’s now look at the latest Bitcoin charts to understand where the price could be heading in the coming days.

Our Bitcoin Price Prediction Summary

• Bitcoin has broken above the $112,000 resistance, showing short-term bullish strength, but the broader trend remains uncertain.
• Bulls must hold the $112,000 support and break above $115,500 - $117,500 to confirm further upside momentum.
• The weekly bearish divergence still limits upside potential, keeping the overall Bitcoin outlook neutral for now.

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Analyzing the Bitcoin Charts

Relief Rally Gains Strength After Bullish Divergence

Looking at the latest 4-hour chart for Bitcoin, the price has shown a strong rebound from the $105,000 mark and has since started an uptrend, forming higher highs and higher lows. This trend was also fueled by the bullish divergence we highlighted earlier on the 4-hour timeframe, which hinted at weakening selling pressure before the move began. The upward push helped BTC break above the $112,000 resistance zone, and the price is now attempting to climb further. The next key level to watch here is the immediate resistance near $115,500, which aligns with the previous local high. A break above this level will be difficult, but if achieved, it could open the way for BTC to retest and potentially reclaim the $117,500 zone.

Trendline Support Reclaimed as Bulls Attempt Recovery

On the other hand, when we switch to the 1-day timeframe, the key levels remain the same. The price has broken above the $112,000 zone, and the bulls will now aim to flip this level into support. The $117,500 zone remains the crucial area to reclaim, as doing so would mark the point where bulls begin to regain stronger control of the trend. Another important observation is that BTC has reclaimed its trendline support once again. Holding above this trendline in the coming days will be essential, as it will help maintain bullish structure and keep buyers in play.

Bearish Divergence Still Restrains Upside Momentum

Lastly, looking at the 1-week timeframe, the bearish divergence remains in play. This divergence has been visible for quite some time and continues to keep the price in check, signaling the risk of a potential correction. As long as this bearish divergence remains valid, bulls will likely face difficulty sustaining their run. This is also why our latest Bitcoin price prediction remains neutral in the short term, as the recent momentum could still be capped by broader bearish signals.

Final Takeaway: What is Next for Bitcoin?

In conclusion, Bitcoin’s short-term outlook shows signs of strength as the price breaks above the $112,000 level and tests higher resistance zones. The recent bullish momentum on lower timeframes, supported by the earlier bullish divergence, suggests that buyers are attempting to regain control. However, the broader trend still faces pressure from the weekly bearish divergence, which signals that a potential correction remains on the table. For now, Bitcoin’s direction will depend on how it reacts around the $115,500 and $117,500 resistance zones. A successful reclaim above these levels could shift momentum in favor of the bulls, while failure to hold current support could lead to renewed selling pressure. Traders should keep an eye on the next few candles close before confirming the any major moves for BTC.

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