{"id":6378,"date":"2025-08-06T18:13:08","date_gmt":"2025-08-06T18:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-charting-a-recovery-bullish-base-forms-after-115000-drop\/"},"modified":"2025-08-06T18:13:08","modified_gmt":"2025-08-06T18:13:08","slug":"bitcoin-charting-a-recovery-bullish-base-forms-after-115000-drop","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-charting-a-recovery-bullish-base-forms-after-115000-drop\/","title":{"rendered":"Bitcoin Charting A Recovery: Bullish Base Forms After $115,000 Drop"},"content":{"rendered":"<p>Bitcoin is showing signs of life after a sharp drop from the $115,000 level, with bullish momentum quietly rebuilding beneath the surface. As volatility settles, a potential recovery is beginning to take shape, fueled by key technical signals on lower timeframes. With the market stabilizing, the next move could define the short-term trend.<\/p>\n<h2>Sharp Pullback Follows Rejection At $115,000 Resistance Zone<\/h2>\n<p>Providing an altcoins, experienced a sharp decline last night. The sudden move caught the attention of traders and analysts alike, prompting a closer look at both the technical and fundamental factors driving the action.<\/p>\n<p>From a purely technical perspective, the decline appears to have been triggered by Bitcoin hitting a key resistance zone near the $115,000 level. Despite the pullback, Kurnia observed that Bitcoin\u2019s price is now showing early signs of recovery. This area has acted as a ceiling for prices in recent sessions, and the rejection sparked selling pressure across the broader crypto market.\u00a0<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-large wp-image-800034\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Bitcoin-chart-from-Kurnia-Bijaksana.jpg?w=512&#038;resize=512%2C249\" alt=\"Bitcoin\" width=\"512\" height=\"249\" \/><\/p>\n<p>However, on the intraday chart, a rebound is already underway, suggesting that buyers are stepping in to defend key levels and potentially absorb the recent selling. Whether this bounce can turn into a sustained move higher remains to be seen, but for now, the charts suggest that Bitcoin may be stabilizing after the initial drop.<\/p>\n<h2>1-Hour Chart Reveals Early Signs Of A Trend Reversal<\/h2>\n<p>Kurnia Bijaksana provided further analysis, focusing on Bitcoin\u2019s price action within the 1-hour timeframe. According to the analyst, BTC is currently forming a higher low\u2014a classic indicator that signals growing bullish momentum and the potential for an upward continuation in the near term.<\/p>\n<p>Bijaksana also highlighted the potential development of an inverse head and shoulders pattern, which is typically seen as a strong bullish reversal signal. In this case, the neckline of the pattern is located around the $115,300 level, a key resistance zone that Bitcoin must break through to confirm further upside.<\/p>\n<p>If Bitcoin manages to break and hold above this neckline, Bijaksana believes it could trigger a measured move toward the $118,000 level. A confirmation of this breakout would provide a clear bullish signal, possibly paving the way for continued strength in the coming sessions.<\/p>\n<p>Bitcoin is currently priced around $114,315, boasting a market capitalization exceeding $2.2 trillion. Over the past 24 hours, it has recorded a trading volume of more than $58.8 billion, reflecting strong market activity.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/turAeiww\/\" alt=\"Bitcoin\" width=\"2084\" height=\"1292\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is showing signs of life after a sharp drop from the $115,000 level, with bullish momentum quietly rebuilding beneath the surface. As volatility settles, a potential recovery is beginning to take shape, fueled by key technical signals on lower timeframes. With the market stabilizing, the next move could define the short-term trend. Sharp Pullback&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6379,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[34,56,55,69,61,120,121,70,62,33,3133,3134],"class_list":["post-6378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-altcoins","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cryptocurrency-market-news","tag-inverse-head-and-shoulders-pattern","tag-kurnia-bijaksana"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6378"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6379"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}