Bitcoin (BTC) Price Analysis: Rebound Underway but Weekly Divergences Suggest Caution

Bitcoin is currently trading around the $115,000 mark and is attempting to recover from the flash crash that occurred on Friday. In our previous analysis, we highlighted that Bitcoin was still holding onto its bullish momentum and had entered a consolidation phase on the lower timeframes before potentially challenging its all-time high again. However, President Donald Trump’s announcement of heavy tariffs on China triggered a sharp sell-off across the market. As a result, BTC briefly dropped to the $105,000 zone before staging a swift recovery. At the moment, the price is trending upward on lower timeframes, but there are still key resistance levels that Bitcoin must reclaim to fully restore its bullish structure. Let’s take a closer look at the latest Bitcoin charts to determine where the price could be headed in the coming days.

Our Bitcoin Price Prediction Summary

• BTC is recovering from the crash with $118,000 acting as the next crucial resistance.
• Short term charts show momentum building while higher timeframes still signal caution.
• $108,000 remains the key support that must hold to prevent a deeper drop toward $100,000.

Analyzing the Charts

Short-Term Bounce from Support

Looking at the latest 4-hour chart, Bitcoin is currently climbing but facing immediate resistance near the $115,000 level. Following the recent drop, the price found support slightly below $110,000 on lower timeframes and bounced with enough volume to break back above the $112,000 resistance zone. From this point, BTC may move sideways for a while or even revisit the $118,000 area, which now stands out as a strong resistance level.

Key Resistance Blocks the Next Move

Switching to the 1-day timeframe gives a clearer picture. The key level to focus on here is the $118,000 zone. This area previously acted as strong resistance and was responsible for slowing down bullish momentum before Bitcoin eventually broke above it to reach new all-time highs. At the moment, if the price revisits this level in the short term, it is likely to face rejection since the broader market sentiment is leaning slightly bearish. The Rising Channel on the daily chart is still intact, which means the structure remains valid for now. However, if Bitcoin breaks below this channel in the coming weeks, it could trigger a deeper correction. In that case, $108,000 would become an important support level to monitor, and a further breakdown could send the price toward the $100,000 region.

Weekly Indicators Signal Caution

Looking at the 1-week timeframe, the bearish outlook becomes more evident. In our earlier analyses, we discussed the presence of a bearish divergence on this chart, but now another divergence appears to be forming. This is generally not a good sign and suggests that Bitcoin may have more downside ahead. While a short-term bullish push is still possible, the larger trend leans toward a correction. This is also why our current Bitcoin price prediction remains cautiously bearish.

Final Takeaway: What is Next for Bitcoin?

To sum things up, Bitcoin is showing signs of recovery after the recent crash, but the key resistance at $118,000 still needs to be reclaimed before any strong bullish momentum can continue. Lower timeframes suggest short-term upside, but the higher timeframes are signaling caution. The repeated bearish divergences on the weekly chart point toward a potential correction phase in the coming weeks. For now, Bitcoin must hold above the $108,000 support to avoid a deeper drop toward the $100,000 zone. Until these levels are confirmed, the market remains in a neutral-to-bearish state, with short-lived rallies likely to face resistance.