Bitcoin News Today: Bitcoin Fails to Break $114.6K Resistance Despite Bullish Bounce

Bitcoin price recently experienced a significant rejection near $114.6K despite forming a bullish base and a brief rebound from $112.65K [1]. The bounce occurred amid thick ask orders and multiple sell blocks at the $114.6K level, creating a visible resistance ceiling that prevented further upward momentum [1]. The SuperTrend indicator turned green, signaling early bullish intent; however, buyers failed to maintain this strength beneath key prior breakdown zones, indicating a struggle to overcome overhead pressure [1].

Market activity remains tightly contained under the $115,000 threshold, with signs of bearish control emerging as bulls show signs of fatigue. The failure to break through the resistance at $114.6K has reinforced the short-term dominance of sellers, despite the formation of a sequence of higher lows since the recent low. Current price action hovers around $114.2K, constrained by a critical resistance zone extending to $115.8K [1].

According to the 15-minute Binance BTC-USDT footprint chart, thick liquidity in the ask zone above the current price has created a short-term ceiling, making it difficult for buyers to push higher. A close above $114.6K would be necessary to shift the momentum in favor of bulls, but such a move has yet to materialize [1].

Resistance remains firmly in place between $114.6K and $116.5K, with key levels including $114.9K, $115.4K, and $115.8K acting as distribution zones. The low-volume area above $116.5K is not yet accessible unless price surges above it. Until the $114.9K level is decisively accepted, sellers are expected to retain control, especially given the consistent presence of ask liquidity and the absence of strong buy-side pressure [1].

On the downside, support remains robust between $113.8K and $112.2K. This range has held twice, indicating short-term buyer interest, while the $112.65K–$112.2K zone has served as a capitulation base. The SuperTrend flip zone adds further technical significance to this support area. If Bitcoin fails to hold above $113.8K, a retest of $113.0K or even lower levels becomes increasingly probable [1].

The current price structure suggests a consolidation phase under the $115K level, with buyers unable to clear immediate overhead resistance. While the bullish base is intact, the inability to break through key supply walls continues to pose challenges for further upward movement [1].

Source:

[1] Bitcoin Price Rejected at $114.6K Wall Despite Bullish Structure and Bounce (https://coinmarketcap.com/community/articles/689336d1dbea051458f8a932/)