The Bitcoin market welcomes favourable information once again. After a brief stabilization, the BTC price shows a strong recovery trend, successfully breaking through the $114,000 mark and approaching the important resistance level of $115,000.

Technical analysis shows that BTC has broken through the descending trend line of $112,200 and has stabilized above the 100-hour simple moving average. These signals suggest that bullish momentum is building in the short term. If it can successfully break through the $115,000 level, we may see the price rise further to the $117,500 level. However, investors should also be cautious of potential pullback risks; if it fails to break through the key resistance, the price may fall back to $112,500 or lower.

Looking at the recent market trends, Bitcoin has rebounded from the support level of $110,500, continuously breaking through several resistance levels, reaching a high of $114,771. Currently, BTC is consolidating its gains, with trading prices stabilizing above $114,000. From the analysis of Fibonacci retracement levels and trend lines, bullish momentum is dominating.

Looking ahead, $115,000 and $115,500 form the immediate resistance range. If this range can be effectively broken, Bitcoin is expected to test $116,500 and even challenge the highs of $117,500 to $118,000. However, there are also downside risks in the market; if the $115,000 level cannot be broken, it may trigger a pullback to around $113,500.

Overall, the current trend of Bitcoin shows positive signals, but investors still need to remain vigilant and closely monitor the breakthrough or pullback of key price levels to grasp market movements.