Bitcoin Bull Market Is Not Over, Price Recovers Above $115,000

Bitcoin has once again shown signs of recovery after breaking above the $115,000 level, sparking optimism that the medium- to long-term bullish trend is still intact. Although the market recently experienced sharp volatility, several analysts believe this rebound signals that upward momentum remains strong beneath the surface.

Recovery and Positive Signals

In recent trading, Bitcoin’s price briefly surged to $119,000, surpassing the psychological barrier of $112,000 for the first time since last week’s sell-off. Citing a CryptoQuant report published by Cointelegraph, analysts from XWIN Research Japan stated that despite volatility shaking traders, on-chain data indicates that “the bull market is not over.” Long-term investor behavior and the MVRV (Market Value to Realized Value) ratio were highlighted as signs of Bitcoin’s fundamental resilience.

Several technical indicators also reinforce this positive outlook. As long as the price holds above $112,000, the path toward the next resistance level near $120,000 becomes increasingly open. Institutional investor optimism, along with potential capital inflows through Bitcoin ETFs, further supports the ongoing bullish trend.

Challenges and Risks

Although this recovery has fueled optimism, analysts continue to emphasize several risks that must be taken into account:

• Sudden volatility: Last week, the crypto market experienced two major liquidation waves that erased long positions worth billions of dollars. This demonstrates that selling pressure can resurface at any time.

• Asset rotation: Some investors temporarily shifted capital from Bitcoin to Ethereum and other altcoins in pursuit of faster gains.

• External macro factors: Global monetary policy, interest rate changes, and the direction of crypto regulation remain variables that could restrain price growth.

Medium-Term Outlook

If the recovery trend continues, Bitcoin’s price target is expected to approach the $116,000 range in the near term. However, if support around $112,000 fails to hold, renewed selling pressure may weigh on the market.

Some observers add that although crypto bull cycles typically last three to four years, new factors such as institutional investor participation and the emergence of ETFs could potentially extend this bullish phase.