NewsBTC
Oct 15, 2025
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Bitcoin Faces Resistance Below $115,000 Amid Potential Decline

Bitcoin's price is facing challenges after failing to surpass the $116,000 resistance level.

  • The price corrected above $115,000 but continues to trade below this level and the 100-hourly Simple Moving Average.
  • A bearish trend line with resistance at $118,250 is forming on the hourly BTC/USD chart.
  • Key resistance levels are identified at $114,000, $115,000, and $116,000. Overcoming these could push the price towards $117,200 and potentially $118,500.

Bitcoin Price

If Bitcoin cannot break above $116,000, it may decline further.

  • Immediate support exists at $111,800, with major support levels at $110,500 and $110,200.
  • Further losses could see the price drop to $108,500 or even $107,000, where recovery might become difficult.

Technical Indicators:

  • Hourly MACD: Gaining pace in the bearish zone.
  • Hourly RSI: Below the 50 level, indicating potential continued downward pressure.