Bitcoin Eyes $115K as Bullish Momentum Builds

Bitcoin (BTC) is showing strong bullish momentum as it consolidates just below the $110,000 mark, firmly holding recent gains. A key technical development — turning the former resistance at $103,000 into solid support — has placed Bitcoin on a clear upward path. With the next target at $115,000, traders are closely watching for another breakout.

A major bullish signal comes from the golden cross formation, where the 50-day EMA has crossed above the 200-day EMA. Historically, this pattern often signals the end of a bearish cycle and the beginning of a sustained uptrend. The current chart setup suggests that Bitcoin's rally may be in its early stages, not nearing exhaustion.

Supporting this bullish outlook, volume trends and RSI levels indicate a market that still has room to grow. Despite the sharp price movement, the RSI remains just under 70, suggesting that the asset hasn't yet entered overbought territory and could continue climbing.

While some short-term consolidation may occur, the broader trend remains upward. Traders should watch the immediate support zone at $103,000 and the short-term trendline that has guided Bitcoin’s climb. If momentum continues to build, $115,000 could be reached soon, possibly opening the door to a new all-time high in the coming months.

Bitcoin's resilient price structure and favorable technical signals point to continued strength, drawing increased investor confidence in the ongoing rally. As market sentiment improves, all eyes remain on BTC’s next move.