The post BTC Bulls Regain Control Despite Mt. Gox Repayment Delay appeared on BitcoinEthereumNews.com.

Bitcoin regains strength as bulls eye breakout above key $115,900 resistance zone Rising open interest reflects growing institutional confidence amid leveraged activity Exchange outflows highlight long-term holder conviction despite Mt. Gox repayment delay Bitcoin (BTC) is showing renewed strength after rebounding from the $103,575 level, marking a steady recovery in recent sessions. The cryptocurrency has regained major moving averages and is currently testing the 200-EMA region near $115,900. This marks an important inflection point where bulls aim to confirm a mid-term trend reversal. Momentum Builds as Key Levels Tighten BTC’s price has climbed above the 20-, 50-, and 100-EMA clusters, consolidating just below the 200-EMA zone. The 50% Fibonacci retracement level near $114,924 acts as a short-term resistance, and a breakout could push prices toward $117,600 and $121,400. Holding above $113,000 keeps the bullish structure intact, while losing $114,000 may invite corrective pressure toward $111,400 and $109,300. BTC Price Dynamics (Source: TradingView) The market’s technical tone remains constructive, as consistent closes above the $115,000 range could signal renewed institutional interest. Sustaining this move would likely drive the next leg higher toward $126,000, completing the recovery from September’s drawdown. Related: Solana Price Prediction: $66M Outflows Hit as Derivatives Surge Ahead Of $225 Target Open Interest and Market Positioning Source: Coinglass Bitcoin’s futures open interest has reached $74.21 billion, one of the highest levels since early 2024. The consistent rise in open interest suggests increasing leveraged activity and trader confidence. Moreover, this growth reflects institutional re-entry into the derivatives market, as more participants are positioning for higher volatility. However, elevated open interest often precedes sharp moves in either direction, especially during liquidation cascades. Consequently, the derivatives market remains balanced between optimism and risk, indicating a cautious but strong bullish bias heading into year-end. Exchange Outflows Signal Long-Term Confidence Source: Coinglass Throughout 2025,…

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Filed under: News - @ October 27, 2025 5:28 pm