Bitcoin Faces Bearish Pressure as $115,000 Resistance Tested Amid Institutional Activity Shift
Key Points:
- Bitcoin faces significant selling pressure around $115,000, pushing prices closer to the $112,000 support.
- Failed institutional support has deeper implications than corporate buying.
- A successful defense of $112,000 could potentially trigger a larger rally for Bitcoin.
- Altcoins like Litecoin (LTC) and Chronos (CRO) show signs of strength, but many remain fundamentally oversold.
BTC Bullish & Bearish Developments
Bitcoin (BTC) experienced resumed institutional buying after a nearly two-month pause. Notable companies acquired substantial amounts:
- According to Capriole Investments, corporate treasuries acquired 635 BTC over-the-counter, adding to narrow gains.
- Mutual fund Blackwood Capital deployed a record 11,590 ETH ($19 million) via ETC Next ETF.
Conversely, ETF flows reversed:
- US Spot BTC ETFs reported an $89.6 million net inflow, though still trailing yearly peaks.
- Ethereum ETFs registered their highest $224.4 million inflow since February.
BTC/USDT – Four Hour Chart Analysis
The four-hour chart signals a critical battle:
- Rejection at $115,150 indicates $3.6M withdrawal pressure.
- Price movement centered around the moving average confluence ($112,000/EMA50).
- Retest appears bullish if held but contested if broken below $110,800.
Altcoin Correlation Map
Market positioning across altcoins shows dichotomy:
- Nearly half of major altcoins maintain support from $0.20 to $0.30.
- Validators accumulate nearly $40M weekly.
- About 40 altcoins are priced below $1, reflecting wider supply.
Bitcoin Price Levels (Predictions) – Hourly Analysis
The key support/resistance levels for BTC trajectory include:
- Primary Support:
- $112,400 (EMA50) – Breakdown triggers selling cascade
- Critical Level:
- $110,530 (lower EMA) – Strong resistance pattern
- Resistance Zone:
- $120,000 – $123,218 Tight consolidation area
Altcoin Movement Trajectories
The gradual decoupling of coins from BTC continues:
Ethereum remains range-bound between $2,000 and $2,200 despite positive momentum signals.
- Top performers: MATIC (+30%), SUI (+15%)
- Best value calculation: $6,200 weighted average
- Downside risk: $2,000 level bears may exploit
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