How High Can Bitcoin Go Next?

Bitcoin rebounds above $114K after key assist maintain, with analysts watching $117K and $120K as targets for the subsequent bullish transfer.

Bitcoin (BTC) is exhibiting indicators of power after bouncing from key assist ranges and shutting again above a traditionally vital resistance line. The present restoration follows a pointy transfer down on the finish of the earlier week, with merchants now watching whether or not BTC can reclaim greater ranges and prolong the transfer towards $117,000.

Current value motion exhibits the market reacting at well-established technical zones. Analysts are monitoring these ranges as bitcoin continues to commerce inside an outlined vary.

Worth Reclaims Help, Checks Resistance

Bitcoin rebounded from a better low close to $110,000 (on most exchanges), a degree marked in purple on the every day chart shared by Rekt Capital. This identical line was the bottom for earlier reversals. BTC has now closed a every day candle above ~$114,300, which has traditionally served as a robust resistance. Within the final 5 instances the place bitcoin closed above this degree after bouncing from the upper low, it moved towards $117,300.

#BTC

Bitcoin has rebounded from the exact same Larger Low (purple) from which the earlier reversal originated from

Extra, $BTC has Each day Closed above ~$114.300 (black)

On the earlier 5 instances this has occurred, Bitcoin rallied to not less than ~$117,300 (blue)#Crypto #Bitcoin pic.twitter.com/AOvveB5i68

— Rekt Capital (@rektcapital) October 13, 2025

Rekt Capital notes that the $117,300 degree could once more act as the subsequent goal. The chart exhibits repeated reactions round this zone, whereas $123,000 stays the higher resistance, the place previous rallies have slowed down. Inexperienced and purple circles on the chart point out the areas of previous bounces and rejections.

Technical Indicators Present Restoration Potential

The every day RSI has shaped a bullish divergence. Whereas the value made greater lows, RSI made decrease lows, suggesting momentum could also be turning. The RSI is now rising out of oversold territory, which helps the case for additional power.

A brand new CME hole between $115,690 and $116,865 has shaped, whereas the earlier one between $109,700 and $111,310 was revisited by the spot value. Although the CME futures chart technically didn’t fill the hole, Rekt Capital commented, “Worth clearly revisited that CME Hole value space over the weekend,” suggesting the sensible relevance of the zone.

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Weekly Construction Maintains Bullish Pattern

On the weekly chart, BTC continues to carry above the 21-week EMA, a degree that has supported greater candle-bodied lows throughout the 12 months. Rekt Capital marked previous reactions the place this EMA acted as a base for upward continuation. Bitcoin’s newest bounce has as soon as once more revered this shifting common, now sitting close to $115,578.

Notably, the construction stays per earlier bullish phases, with the value forming greater lows on every pullback. So long as BTC stays above the 21-week EMA and up to date assist zones, the development stays intact.

$120K Stays Key Resistance Earlier than New Highs

Michaël van de Poppe shared that BTC must clear the $119,500–$120,000 zone to proceed greater.

“The realm round $120K ought to break with a purpose to have momentum upwards,” he mentioned.

He additionally named $112,000 as the important thing assist space. That degree held throughout this week’s pullback earlier than patrons stepped in.

With $112K as assist and $120K as resistance, bitcoin is shifting inside a transparent vary. A powerful breakout above $120K could open the door for a brand new all-time excessive.