- Bitcoin confirms Hidden Bull Divergence with targets above $116,652 and highs near $124,500.
- Institutional demand grows as US Spot Bitcoin ETFs hold over 1.3 million BTC with strong inflows.
- Fed rate cuts and RSI alignment support momentum as Bitcoin consolidates near $115,674.
Bitcoin maintained momentum near $115,674 as traders observed technical setups that continued to shape market direction. After confirming yet another Hidden Bull Divergence, prices of $BTC look set for a clean break above $116,652 and the current All Time Highs near $124,500. At that point, the price target will be at $165,745, with a nearly +33% additional run possible. This analysis started near $16,782, where similar bull strategies projected upsides that carried prices over 642% higher.
Hidden Bull Divergence and Market Levels
According to analysis prepared by Javon Marks, Bitcoin confirmed another Hidden Bull Divergence, strengthening the case for further gains. The RSI readings aligned with this divergence, showing stronger momentum compared with earlier corrections in 2022 and 2023.
Support levels developed firmly around $67,559, while resistance formed at $116,652 and extended toward $165,745 if momentum holds. The current market structure displayed a rhythm of rejection and retest, with past cycles showing growth after each retest.
Rejections at $30,000, $48,000, and $93,000 were followed by eventual rallies, creating a consistent pattern across cycles. At present, Bitcoin appears to be retesting the $115,000–$116,000 region, a move watched closely by traders.
Institutional Demand and Broader Market Context
According to data from CoinGlass, BTC futures open interest stood near $84.5 billion, while CME Exchange posted $17.22 billion. Institutional flows continued with the US Spot Bitcoin ETF recording weekly inflows of $886 million, reflecting persistent market demand. ETF holdings across US-listed products now exceed 1.3 million BTC, showing strong adoption.
Macroeconomic conditions also shaped sentiment as the Federal Reserve cut rates by 25 basis points in September 2025. The policy shift fueled risk appetite, and Bitcoin responded with a move to $118,000 before stabilizing near $115,674. PCE inflation figures, which are expected at 2.7% in August, also awaited traders and had the potential to impact on short-term activity. According to an observation by Ted Pillows, Bitcoin has consolidated near $116,000, and a move above $117,000 could trigger a rally. With technical strength, institutional flows, and historical patterns aligned, Bitcoin remains positioned near a breakout stage.
