The post Bitcoin Bounces Back – Could Current Recovery Trigger Fresh Bullish Momentum? appeared on BitcoinEthereumNews.com.

Bitcoin price found support near $108,680 and started a recovery wave. BTC is trading above $111,000 and facing hurdles near $112,500. Bitcoin started a fresh recovery wave above the $110,500 zone. The price is trading above $110,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $109,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $112,500 zone. Bitcoin Price Starts Recovery Bitcoin price managed to stay above the $108,500 zone and started a recovery wave. BTC settled above the $109,500 resistance zone to start the current move. There was a clear move above the 50% Fib retracement level of the downward wave from the $113,940 swing high to the $108,680 low. Besides, there was a break above a connecting bearish trend line with resistance at $109,600 on the hourly chart of the BTC/USD pair. The bulls even pushed the price above $112,000 before the bears appeared. Bitcoin is now trading above $111,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $112,500 level and another trend line. The next resistance could be $113,700 or the 76.4% Fib retracement level of the downward wave from the $113,940 swing high to the $108,680 low. A close above the $112,700 resistance might send the price further higher. In the stated case, the price could rise and test the $113,500 resistance. Any more gains might send the price toward the $114,500 level. The next barrier for the bulls could be $115,00. Another Drop In BTC? If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support…

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Filed under: News - @ September 29, 2025 2:26 am