Bitcoin Rises Above $114,000 Amid Push to Surpass $115,500 Resistance
- Bitcoin is attempting to recover above $113,500, with a potential rise if it surpasses the $115,500 resistance.
- The price is trading above $114,000 and the 100 hourly Simple moving average.
- A bullish trend line supports BTC at $113,350 on the hourly chart.
- Immediate resistance levels are at $115,250 and $115,500, followed by $116,200.
- A close above $116,200 could propel BTC towards $117,000 and possibly $118,800.
- If BTC fails to break $115,500, support levels are at $114,000 and $113,500.
- Additional support exists near $111,000 and $110,500, with main support at $108,500.
Technical indicators:
- Hourly MACD: Bullish momentum is increasing.
- Hourly RSI: Above 50, indicating a positive sentiment.
