Bitcoin Bearish Phase Over? Analyst Charts Path to $115,482 with Bullish Indicators

After dipping close to $100K, Bitcoin has been grinding its way back, shaking off short-term fears and hinting that the worst of the pullback might be behind us. Now, some analysts say it’s time to prepare for liftoff again—and this time, they’re aiming high.

Crypto analyst Master Ananda has laid out a case for why Bitcoin might not only recover from the recent drop, but potentially soar to new all-time highs, specifically targeting the $115,482 mark.

Let’s unpack the argument.

The June 13 Crash: A Test of Strength

Everything changed on June 13, when Bitcoin abruptly dropped toward $100K. Panic briefly swept across the market. But instead of free-falling further, BTC caught support above $102,000—a crucial save that may have flipped the narrative.

“The bearish move was halted with strength,” says Master Ananda. “This support confirms that bulls are still in control.”

Since then, Bitcoin has clawed back key technical levels and is now floating above important moving averages and Fibonacci zones.

Key Bullish Technicals Flashing Green

Here’s why the analyst believes bulls may be back in charge:

• BTC is now trading above the 0.618 Fibonacci retracement level, which historically signals trend continuation during healthy pullbacks.
• Multiple EMAs reclaimed: Prices are sitting above the EMA34, EMA21, EMA8, and 3MA13—indicating short- and mid-term strength.
• Higher lows forming: A classic signal of bullish momentum building.
• Momentum oscillators such as RSI and MACD are turning upward on the 1-hour and 4-hour charts.

In short, price action looks cleaner and more constructive than it did last week.

Must-Hold Support Zones for Bulls

To keep the rally alive, Bitcoin needs to defend these critical levels:

• $105,293 – $105,314: Primary support. Holding above this gives bulls momentum to push higher.
• $104,282 – $104,533: The final buffer zone before a slide back toward $102K or lower.

“Losing those supports would weaken the bullish setup,” Ananda cautions. “But for now, the trend structure still holds.”

Resistance Ahead: Where Bitcoin Could Stall

Before we talk about $115K, Bitcoin has a few major hurdles to clear. These levels could trigger profit-taking or slow the breakout:

• $106,625: Minor resistance level that’s been rejected twice in the past 7 days.
• $107,559: A heavier resistance zone that could make or break short-term momentum.
• $108,989 – $110,586: The last big wall before new highs. If Bitcoin can close above $111K, it opens the door to the final target.

Why $115,482?

Ananda’s target of $115,482 isn’t just a random moonshot. It’s calculated using a blend of Fibonacci extensions, momentum trends, and historical breakout behavior during previous bull runs.

The logic: if BTC successfully reclaims and holds the $110K–$111K region, the next measured move based on recent volatility would land near $115K.

“The 1-hour timeframe is bullish now based on price action, candlestick patterns, higher lows, moving averages, and oscillators,” the analyst adds.

Bear Case? Watch These Risk Zones

No bullish analysis is complete without some caution:

• A drop below $104K could bring BTC back to retest the $102K zone.
• A macro catalyst—like regulatory FUD or weak inflation data—could derail the bounce.
• Volume concerns: Recent rallies have shown lower volume, which might mean less conviction behind the move.

Still, the base case remains constructive unless $100K is broken decisively.

TL;DR – Is Bitcoin About to Rip Higher?

✅ Bearish momentum stalled at $102K
✅ Higher lows and strong support at $105K
✅ Reclaimed key EMAs and Fib levels
✅ Path open to $115,482 if resistance breaks above $111K
⚠️ Caution below $104K with risk of deeper correction

If you’re a long-term holder, now may be the time to zoom out and stay focused. For traders, the playbook is pretty clear: above $107.5K is bullish, while below $104K could invite another leg down.

FAQ

Q: Is the Bitcoin correction over?
Possibly. The recent bounce and reclaimed support levels suggest that the worst of the pullback might be behind us.

Q: What are the key support levels to watch?
Watch $105,293 and $104,282. Losing both could signal deeper downside.

Q: What’s the bullish target?
If BTC breaks above $110K with conviction, $115,482 is the next major level based on technical models.

Q: Could BTC still crash below $100K?
It’s possible but becoming less likely if current support holds and volume increases on the next leg up.

Final Word

With Bitcoin holding firm above $100K and forming higher lows, the odds of a trend continuation are increasing. While nothing is guaranteed in crypto, the technical setup is leaning bullish—especially if BTC can flip $108K and hold.

Got questions about trading this setup or want a simplified chart breakdown? Drop a line and I’ll hook you up with a visual roadmap.