Bitcoin Price Prediction: BTC Might NOT Hold $111K as Risk Looms...
Bitcoin is trading around $111K, testing key support levels. Will BTC reclaim $115K resistance or slide toward $100K and $75K? Let’s analyze.
Bitcoin at a Crossroads: $111K in Focus
Bitcoin ($BTC) is currently trading near $111,365, just above a critical support level at $111,350. The chart shows a decisive moment as BTC struggles to break above the 50-day SMA ($115,648), while the 200-day SMA ($101,465) is holding as long-term support.
The question now is whether Bitcoin can build momentum toward $118,616 resistance, or if bearish pressure will push it down to test the $100K level again.
Key Support and Resistance Levels
- Immediate Resistance: $112,142 and the 50-day SMA at $115,648
- Strong Resistance Zone: $118,616 – a breakout above this level could shift momentum bullish
- Immediate Support: $111,350 (current line of defense)
- Major Support: $101,465 (200-day SMA) and psychological $100,000
- Extended Downside Risk: $75,000 – highlighted as a potential bottom if macro weakness intensifies
BTC/USD 1-day chart - TradingView
These levels are guiding traders’ decisions, with the market consolidating inside a narrowing channel.
Technical Indicators
- Downtrend Line: BTC remains under a descending red trendline, signaling bearish dominance unless broken.
- RSI (14): Currently at 45.91, showing neutral-to-weak momentum, with room for either upside recovery or further decline.
- Moving Averages: The 50-day SMA is trending below resistance, capping rallies, while the 200-day SMA acts as a solid long-term support.
If $Bitcoin closes decisively above the 50-day SMA, it could attract bullish momentum. A breakdown below the 200-day SMA, however, risks deeper correction.
Bitcoin Price Prediction over the Medium-Term
- Bullish Scenario: A breakout above $115K–$118K could send BTC back toward the $120K zone, with further upside potential if momentum strengthens.
- Bearish Scenario: Failure to hold $111K support may lead to a retest of the $100K mark, and if broken, open the way toward the $75K support zone.
Given current indicators, Bitcoin’s price action remains range-bound but vulnerable to macroeconomic shocks and market sentiment shifts.
Outlook
Bitcoin’s next major move depends on whether bulls can defend $111K and reclaim $115K resistance. Until then, BTC trades cautiously between crucial moving averages, with risks skewed to the downside if support levels crack.

Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
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