Bitcoin is flirting with new highs, with analysts eyeing an ambitious target of $115,000. On-chain metrics and market liquidity indicate an early bullish trend, but will these technical signals support such a rise? Amid institutional optimism and persistent volatility, delve into the factors that could propel BTC towards this significant milestone.
The question of Bitcoin ‘s potential rally toward $115,000 is capturing the attention of traders and institutional investors. After several months of consolidation and marked volatility, the world’s leading cryptocurrency is displaying technical signals that warrant thorough analysis. On-chain data reveals significant liquidity movements that could indicate a shift in market sentiment in the short and medium term.
On-chain data now represents one of the most reliable indicators for assessing the real health of the Bitcoin network. Current metrics show progressive accumulation from long-term holders, a signal historically correlated with pre-rally phases. The active address ratio has increased consistently over recent weeks, suggesting renewed interest from both retail and institutional investors.
Over 4,000 BTC have left exchanges, which often indicates long-term confidence from major investors.
Liquidity on major exchanges is improving in parallel, providing fertile ground to absorb growing demand without causing excessive slippage. Spot trading volumes are gradually increasing while derivatives dominance is stabilizing, a balance favorable to sustainable price progression rather than volatile speculative surges.
The global macroeconomic context plays a determining role in Bitcoin’s potential trajectory toward $115,000. Central bank monetary policies, particularly from the Fed and ECB, directly influence appetite for risk assets and alternative safe havens. The prospect of a pause in the US rate hike cycle could redirect capital toward digital assets.
The government shutdown could also be nearing its end and the third FOMC meetings are scheduled for early December. This could add more fuel to the fire for Bitcoin.
Technical analysis reveals several crucial price levels to validate the bullish scenario toward $115,000. Psychological resistance levels at $108,000 and $111,000 represent potential profit-taking zones where volatility could intensify temporarily. Confirmed breakthrough of these thresholds with sustained volumes would constitute a major technical signal.
In the short term, BTC has been rejected from a liquidity zone according to the Order Block between $107,400 and $108,500. A pullback to its lower demand zone around $102,000 should therefore be considered.
In this zone, a rebound is highly probable. Bitcoin could therefore retest this resistance zone. If BTC breaks through this zone, it will head to $109,000 then $111,000. Maintaining above $110,000 could allow BTC to target the shorts at $115,000.
Conversely, a drop below $101,000 would push BTC toward new lows. A bounce at $103,600 is also possible, this is a zone to monitor.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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