Bitcoin Price Eyes $115K After Major Trendline Rebound

Bitcoin (BTC) price hovered near $109,000 on Monday, showing a slight recovery after pulling back from recent peaks. The BTC price remained steady, with traders reacting to continued regulatory support and a steady rise in institutional engagement.

Although the leading crypto dropped from its ATH, the overall positive environment among digital assets kept the cryptocurrency going. The Ether price remained above $2,500, suggesting that investors remain interested as macro issues improve, and the network sees more activity.

The last 24 hours saw large gains in SOL, XRP, and DOGE, all due to overall optimism in the market.

Can Bitcoin Price Hit $115k This Week?

A crypto analyst stated that Bitcoin is currently trading above an important upward trendline, which could mean a continuation of bullish action. The analyst pointed out that the bulls have been able to protect this main support zone, causing the market to rise strongly.

The analyst illustrates a consistent climb, with the BTC staying firmly above the trendline across multiple timeframes.

As Bitcoin continues its upward movement, market watchers are now speculating whether the cryptocurrency could reach $115,000 this week.

$BTC bulls have Successfully defended the Major Trendline, and is now bouncing back with Strong momentum.. 📈

Can Bitcoin hit $115k this week?#Crypto #Bitcoin #BTC pic.twitter.com/Lqizi4Kwb1

— Captain Faibik 🐺 (@CryptoFaibik) May 26, 2025

Bitcoin May Spike to $125K Then Drop to $112K

A crypto expert shared on X a speculative scenario where the Bitcoin price may hit $125,000 during the BTC Conference before falling to $112,000.

It speculates that Peter Schiff, a Bitcoin critic, will attack Bitcoin for its instability and question whether it is a safe option for saving value. Schiff has frequently brought up doubts over how long digital assets will maintain their value, mostly during sharp declines in price.

Michael Saylor made clear in another post that he believes in Bitcoin and only uses assets that he can risk. According to reports, MicroStrategy, headed by Saylor, holds over $62 billion worth of Bitcoin, buying it consistently for years.

BTC Crystal Ball:

BTC hits $125K during the BTC Conference and then crashes to $112K and @PeterSchiff says:

“I told you so! Bitcoin is NOT a Store of Value and Saylor is a fool.” https://t.co/A7u9rElFeY

— John E Deaton (@JohnEDeaton1) May 26, 2025

How High Can Bitcoin Price Go In This Bullish Run?

Recently, Bitcoin’s price has picked up, showing bulls are trying to recover positions they lost in the past. As of the reporting time, the BTC price hovered at $109,820, up 2% from the last 24 hours.

Technical indicators support the bullish bias on the 4-hour chart. The RSI (Relative Strength Index) has climbed to 59, staying above the neutral 50 mark, suggesting rising strength.

Meanwhile, the MACD (Moving Average Convergence Divergence) is showing a bullish crossover, with the MACD line moving above the signal line.

The resistance zone stands at $112,000, so an increase above that level may lead to more growth. The upcoming resistance areas to check are $115,000 and $120,000. If the positive trend holds, these targets could be reached.

Source: TradingView

As for the bearish side, $105,000 is supporting the downside, and $110,000 provides the initial support. If BTC drops below $105,000 and sellers increase their advantage, the price may fall.

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