Bitcoin Reclaims $115k: Resilience or Risk?

Bitcoin Reclaims $115.000: Resilience or Risk of Deeper Correction?

2 October 2025 at 11: 20

Reading time: 3 minutes

Bitcoin The price recently reclaimed the $115.000 level, signaling renewed momentum after weeks of uncertainty and suggesting bulls are regaining strength. This recovery stems from traders' efforts to resist selling pressure, spreading renewed optimism throughout the market. For many, this rally reflects Bitcoin's resilience and ability to recover after testing crucial support levels.

Still, not everyone is convinced the situation is sustainable. Several analysts warn that, despite the recent price recovery, Bitcoin may still be at risk of a deeper correction. While the recovery seems promising, the broader market structure remains fragile, leading cautious voices to continue to dominate discussions. A failure to stay above $115.000 could expose the market to renewed volatility and downward pressure.

Selling pressure from Galaxy Digital

Concerns surrounding the price trend are further heightened by data showing that Galaxy Digital's Bitcoin sales are continuing. These sales, occurring as Bitcoin rises in value, highlight the complex dynamics currently at play and temper the optimistic tone surrounding the recent rally. Leading analyst Darkfost recently shared figures revealing a significant movement in the Bitcoin markets. Yesterday, 1.190 BTC, worth over $135 million, was sent primarily to Binance, most likely to be sold. This indicates that institutional sellers, such as Galaxy Digital, are still actively reducing their exposure, which could put pressure on the market during sensitive periods.

While Bitcoin has managed to recover from recent lows near $108.000, this significant selling pressure is creating market pressure, meaning traders must first absorb these excess supply before a compelling uptrend can develop. Timing is particularly critical as Bitcoin enters a new phase characterized by macroeconomic uncertainty.

A major risk in this context is the looming US government shutdown. The political impasse in Washington threatens financial stability and could lead to volatility in stocks, bonds, and digital assets. For Bitcoin, this situation creates both risk and opportunity: on the one hand, fear-driven selling could push prices down; on the other, Bitcoin could act as a store of value, attracting capital from investors seeking protection.

Bitcoin is currently trading around $116.200 after a strong rebound from last week's lows around $109.000. The 8-hour chart shows renewed bullish momentum, with the price now pushing towards the crucial resistance zone at $117.500. This level has repeatedly capped rallies since late August, making it a key level to watch for confirmation of a broader breakout.

The recent price increase has also pushed Bitcoin back above its 50-period (blue) and 100-period (green) moving averages, which previously acted as resistance. The price is now consolidating above these levels, indicating that the bulls are regaining short-term control. However, the 200-period moving average (red) is just above, near $115.000, and although Bitcoin has just broken through this level, the breakout remains uncertain.

While momentum remains constructive, the market faces a crucial test. A decisive close above $117.500 could lead to increased buying pressure, opening the way to $120.000 and potentially leading to a retest of the yearly highs around $125.000. Conversely, a rejection at this level could lead to profit-taking, pushing the price back to $114.000 or even $112.000.

Frequently Asked Questions

What are the key factors driving Bitcoin's recent price increase?
Bitcoin's recent price surge can be attributed to renewed bullish sentiment in the market, despite continued selling pressure from major institutional players like Galaxy Digital.

How do macroeconomic conditions affect Bitcoin price?
The looming US government shutdown is creating uncertainty that could impact Bitcoin's price, both through fear-driven selling and potential inflows from investors who view Bitcoin as a safe haven.

What does the resistance around $117.500 mean for investors?
Resistance at $117.500 is crucial; a breakout could lead to additional buying pressure, while a rejection could trigger a price pullback, both of which are important considerations for investors.

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