The post Key Test at $116.8K Resistance appeared on BitcoinEthereumNews.com.

Bitcoin’s price is retesting a major macro trendline that dates all the way back to 2017. Analysts see the $110K-$112K zone as a critical support and accumulation level for BTC. The key resistance to break for a new rally is $116,800, according to the charts. Leading market analysts are growing more optimistic about Bitcoin, suggesting the stage is being set for a major bull run in the second half of the year. While the price has seen a nearly 4% pullback over the past week, now trading around $114,168, a closer look at the charts reveals a potentially explosive setup. Despite the pullback, technical indicators and market sentiment hint at a potentially explosive upward move if critical resistance levels are overcome and support zones hold firm. With volume climbing and momentum shifting, the market seems poised for a new phase. Related: US Dollar Index (DXY) Plunge Pushes Bitcoin to $115,000 as Fed Rate-Cut Speculation Heats Up Resistance Levels Hold the Key Michaël van de Poppe believes the market structure is aligning beautifully for a bullish surge, but he emphasizes caution. Bitcoin recently bounced from the $110K–$112K zone, showing that demand remains strong. It is now pushing toward a resistance band between $115K and $116K.  If Bitcoin can break and hold above $116.8K, the next leg toward $119.5K may begin. That level marks a return to its previous trading range, and surpassing it could open the door to new all-time highs. The growing trading volume supports this bullish setup. A rise in volume during upward price movement typically confirms momentum and investor confidence. Van de Poppe also mentioned that while a final sweep below current support might happen, a breakthrough could bring explosive gains. I think the markets are looking absolutely magnificent for a big bull run in the second half…

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Filed under: News - @ August 5, 2025 10:27 am