Bitcoin News Today: Bitcoin Stuck Near $115K Resistance Amid Bullish Accumulation and ETF Inflows

Bitcoin continues to face significant resistance near the $115,000 level, curbing further upward movement despite growing bullish sentiment in recent weeks. After touching an intraday high of $114,750, the price has slightly pulled back but remains above critical support near $112,000, with analysts watching for a confirmed breakout above $115,000 to test the next key resistance at $118,000 [1]. The current price of Bitcoin stands at around $114,118, up 0.38% over the last 24 hours [1].

Technical indicators suggest that the market is in a period of consolidation. Captain Faibik’s analysis highlights that Bitcoin is currently confined within a descending channel, characterized by a series of lower highs and lower lows, with the price rejecting both the upper and lower boundaries of the pattern [1]. This structure indicates that traders are closely watching for a directional move, with a break above $115,000 expected to trigger a test of the $118,000 level [1].

The 20-day exponential moving average (EMA) near $112,000 has served as a crucial support area, helping to stabilize the price during short-term pullbacks. On-chain data from Glassnode also reveals that institutional interest has returned, with renewed inflows into U.S. spot Bitcoin ETFs observed in late July. These inflows have contributed to Bitcoin maintaining prices above $112,000, reinforcing the short-term bullish setup [1]. The volume-to-market cap ratio is currently at 2.1%, reflecting moderate but consistent activity in the market.

Whale activity further supports the current price stability. Large wallets holding more than 1,000 BTC have added over 45,000 BTC in the last two weeks, signaling increased accumulation. This behavior mirrors previous accumulation phases that preceded major upward movements, suggesting that significant market participants are positioning for further gains [1].

Momentum has also shown signs of improvement after a cooling-off period following Bitcoin’s cycle high of $123,500 in July. A bullish divergence between price and the RSI indicator suggests that buying interest is growing. If Bitcoin can break above $115,000 and hold the level, a move toward $118,000 could follow soon [1].

Lau(X) notes that Bitcoin surged 34% following its August breakout and then consolidated before reaching $123,000. She emphasizes that this is not random noise but a clear trend forming. If the price holds above $112,000, the $150,000 target for Q4 2025 remains within reach [1].

[1] Source: [1] Bitcoin Bulls Are Struggling to Clear $115K, Here’s Why That Level Matters Now (https://cryptofrontnews.com/bitcoin-bulls-are-struggling-to-clear-115k/)