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Bitcoin (BTC) Rejected at Key Resistance: Watch $114K–$114.5K Higher Low to Confirm Range Re-Entry | Flash News Detail | Blockchain.News
Latest Update
8/23/2025 9:28:00 AM

Bitcoin (BTC) Rejected at Key Resistance: Watch $114K–$114.5K Higher Low to Confirm Range Re-Entry

Bitcoin (BTC) Rejected at Key Resistance: Watch $114K–$114.5K Higher Low to Confirm Range Re-Entry

According to @CryptoMichNL, BTC’s sharp rally was rejected at a crucial resistance, signaling a failed breakout attempt from the current structure (source: @CryptoMichNL). He highlights $114,000–$114,500 as the preferred higher-low zone to validate strength (source: @CryptoMichNL). If BTC forms that higher low and continues higher, it would indicate a return to the established range, confirming constructive price action for range-based trading (source: @CryptoMichNL).

Source

Analysis

Bitcoin's recent price action has captured the attention of traders worldwide, as highlighted in a key analysis from trader Michaël van de Poppe. In his latest update on August 23, 2025, van de Poppe noted a massive upward move in Bitcoin that was firmly rejected at a crucial resistance level. This rejection underscores the ongoing battle between bulls and bears in the cryptocurrency market, with BTC struggling to break through established barriers. For traders eyeing entry points, van de Poppe suggests watching for a higher low formation around the $114,000 to $114,500 range, which could signal a return to the established trading range and potentially ignite further upside momentum.

Analyzing Bitcoin's Resistance Rejection and Potential Support Levels

Diving deeper into the technicals, this rejection at resistance aligns with broader market patterns observed in Bitcoin's price chart. Historically, such rejections often precede periods of consolidation, where BTC tests lower support zones before attempting another breakout. If Bitcoin manages to establish a higher low near $114,000, it would indicate strengthening buyer interest and could invalidate bearish scenarios. Traders should monitor key indicators like the Relative Strength Index (RSI), which might show oversold conditions if prices dip, presenting buying opportunities. Additionally, on-chain metrics such as increased transaction volumes or whale accumulations could provide confirmatory signals. Without real-time data at this moment, sentiment remains cautiously optimistic, with many analysts pointing to macroeconomic factors like interest rate expectations influencing crypto flows.

Trading Strategies for BTC in the Current Range

For those looking to capitalize on this setup, consider range-bound trading strategies. If BTC holds above $114,000, long positions targeting the previous resistance—potentially around $120,000 or higher—could yield profits, especially if accompanied by rising trading volumes. Conversely, a breakdown below this level might open the door to supports at $110,000, where historical data shows strong buying interest. Integrating tools like moving averages, such as the 50-day EMA, can help identify trend reversals. Institutional flows, including ETF inflows, continue to play a pivotal role; recent reports indicate steady accumulation by major players, which could bolster BTC's resilience. Always use stop-loss orders to manage risks, given the volatility inherent in cryptocurrency markets.

Looking at correlations with stock markets, Bitcoin's movements often mirror tech-heavy indices like the Nasdaq, where AI-driven stocks have been surging. This interplay suggests that positive developments in AI sectors could spill over into crypto, enhancing BTC's appeal as a hedge. For instance, if equity markets rally on favorable economic data, BTC might find the momentum to push past resistance. Traders should also watch for cross-market opportunities, such as pairing BTC with ETH or altcoins showing similar patterns. In summary, van de Poppe's insights provide a roadmap for navigating this phase, emphasizing patience and confirmation of higher lows for sustained upward trends. With Bitcoin's market cap hovering in the trillions, even small percentage gains can translate to significant trading profits, making this a critical juncture for informed decision-making.

Overall, the cryptocurrency landscape remains dynamic, with Bitcoin at the forefront. By focusing on these technical levels and broader market sentiments, traders can position themselves advantageously. Remember, while historical patterns offer guidance, external factors like regulatory news can swiftly alter trajectories. Stay updated with verified analyses to refine your trading approach.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast