{"id":873107,"date":"2025-09-15T01:12:26","date_gmt":"2025-09-15T06:12:26","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/15\/bitcoin-eyes-120k-if-weekly-close-holds-above-114k\/"},"modified":"2025-09-15T01:12:26","modified_gmt":"2025-09-15T06:12:26","slug":"bitcoin-eyes-120k-if-weekly-close-holds-above-114k","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/15\/bitcoin-eyes-120k-if-weekly-close-holds-above-114k\/","title":{"rendered":"Bitcoin Eyes $120K if Weekly Close Holds Above $114K"},"content":{"rendered":"<p>Bitcoins <\/p>\n<article id=\"post-412352\">\n<div>\n<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Bitcoin rebounds from $107K low, testing $114K as bulls eye a breakout toward $120K.<\/li>\n<li>Liquidations near $115K fueled sharp upward momentum, clearing resistance and boosting short-term bullish outlook.<\/li>\n<li>Short-term holders realize losses, but institutional demand suggests the broader trend remains strongly bullish.<\/li>\n<\/ul>\n<h2>Bitcoins Bitcoin Tests $114K Level Again<\/h2>\n<p>Bitcoin has recovered in the past week or so after reaching a low near $107,000 earlier this month. That zone marked the end of its measured move, and the price has since pushed back above $114,000, trading close to $115,000.<\/p>\n<p>Analyst Rekt Capital <a href=\"https:\/\/x.com\/rektcapital\/status\/1966460032293515774\" data-wpel-link=\"external\" target=\"_blank\">said<\/a>,<\/p>\n<blockquote>\n<p>\u201cBitcoin is now in contention for a reclaim of the $114k (black) level back into support. Weekly Close above $114k would trigger bullish bias and resynchronisation with the $114k\u2013$120k Range.\u201d<\/p>\n<\/blockquote>\n<p>The $114,000 level has acted as resistance in recent weeks. Holding above it on the weekly close would open the way toward the $114,000\u2013$120,000 range.<\/p>\n<figure id=\"attachment_412356\" aria-describedby=\"caption-attachment-412356\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G0pD95LWkAAtRLK.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMjAwIDg2OSIgd2lkdGg9IjEyMDAiIGhlaWdodD0iODY5IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjA5JTJGRzBwRDk1TFdrQUF0UkxLLmpwZWciIGRhdGEtdz0iMTIwMCIgZGF0YS1oPSI4NjkiIGRhdGEtYmlwPSIiPjwvc3ZnPg==\" data-spai=\"1\" alt=\"bitcoins Bitcoin price chart\" width=\"1200\" height=\"869\"><\/a><figcaption id=\"caption-attachment-412356\">Source: Rekt Capital\/X<\/figcaption><\/figure>\n<p>Rekt Capital <a href=\"https:\/\/x.com\/rektcapital\/status\/1966461590137348524\" data-wpel-link=\"external\" target=\"_blank\">noted<\/a> that Bitcoin \u201cneeds to stay above ~$114k as it heads into the new Weekly Close\u201d and should build a cluster around this level, similar to early August.<\/p>\n<p>Trader Ted pointed to $117,200 as the next resistance and <a href=\"https:\/\/x.com\/TedPillows\/status\/1966417481733693788\" data-wpel-link=\"external\" target=\"_blank\">wrote<\/a>,<\/p>\n<blockquote>\n<p>\u201c$117,200 is the next important level for Bitcoin and it also has a CME gap. If BTC fully reclaims this level, the doors towards the new ATH will open.\u201d<\/p>\n<\/blockquote>\n<p>If the move fails, Bitcoin could revisit recent monthly lows.<\/p>\n<h2>Bitcoins Liquidations Drive Short-Term Spike<\/h2>\n<p>Glassnode data shows that a wave of short liquidations near $115,000 pushed the latest surge. The liquidations were triggered across exchanges between 9\u201310 p.m. UTC and matched signals from its Hyperliquid heatmap.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">High short liquidations clustered around $115k were triggered last night, accelerating <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a> upward spike. The move was confirmed across exchanges around 9\u201310pm UTC, aligning with our new Hyperliquid heatmap signals. <a href=\"https:\/\/t.co\/l9z8RS7ECM\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/l9z8RS7ECM<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1966419670719685020?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">September 12, 2025<\/a><\/p>\n<\/blockquote>\n<p>The cascade of liquidations added momentum, helping Bitcoin clear overhead resistance levels and driving volatility higher as the week developed.<\/p>\n<h2>Bitcoins Short-Term Holders Realizing Losses<\/h2>\n<p>Data from CryptoQuant shows that short-term holders are realizing losses again after four months of steady gains. Analyst G a a h <a href=\"https:\/\/cryptoquant.com\/quicktake\/68c3f53b6e8c203d2e215c6d-Short-term-holders-return-to-realizing-losses-after-4-months\" data-wpel-link=\"external\" target=\"_blank\">said<\/a>,<\/p>\n<blockquote>\n<p>\u201cThis change is significant, as it indicates a momentary loss of confidence on the part of speculators.\u201d<\/p>\n<\/blockquote>\n<figure id=\"attachment_412353\" aria-describedby=\"caption-attachment-412353\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/MNtWWz5_9fdb26eee24a6588931842236990789819bbe7f007faa87f021eddb57568191e.webp\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/MNtWWz5_9fdb26eee24a6588931842236990789819bbe7f007faa87f021eddb57568191e.webp\" alt=\"bitcoins Spent Output Profit Ratio\" width=\"1280\" height=\"706\"  ><\/a><figcaption id=\"caption-attachment-412353\">Source: G a a h\/CyptoQuant<\/figcaption><\/figure>\n<p>The Spent Output Profit Ratio (SOPR) for short-term holders has dropped below 1. In previous cycles, market peaks formed when short-term holders booked heavy profits, often during periods of extreme greed. This time, those conditions have not appeared, suggesting the rally has been sustained by larger investors.<\/p>\n<p>If Bitcoin holds $114,000 into the weekly close, analysts see scope for continuation toward $120,000 in the near term.<\/p>\n<div><center><span>SPECIAL OFFER (Sponsored)<\/span><\/center><\/p>\n<p><b>Binance Free $600 (CryptoPotato Exclusive): <a href=\"https:\/\/cryptopotato.com\/binance600f\/\" rel=\"nofollow\" data-wpel-link=\"internal\">Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (<a href=\"https:\/\/cryptopotato.com\/binance600d\/\" data-wpel-link=\"internal\">full details<\/a>).<\/p>\n<p><b>LIMITED OFFER for CryptoPotato readers at Bybit: <a href=\"http:\/\/cryptopotato.com\/pl\/bybit24\/\" rel=\"nofollow\" data-wpel-link=\"internal\">Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div><\/div>\n<hr><\/div>\n<p> Joan Menjivar <a href=\"https:\/\/cryptopotato.com\/bitcoin-eyes-120k-if-weekly-close-holds-above-114k\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin rebounds from $107K low, testing $114K as bulls eye a breakout toward $120K. Liquidations near $115K fueled sharp upward momentum, clearing resistance and boosting short-term bullish outlook. Short-term holders realize losses, but institutional demand suggests the broader trend remains strongly bullish. Bitcoin Tests $114K Level Again Bitcoin has recovered in the past week<\/p>\n","protected":false},"author":1,"featured_media":873108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,23325],"tags":[11476],"class_list":["post-873107","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-weekly","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/873107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=873107"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/873107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/873108"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=873107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=873107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=873107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}