- Bitcoin reclaims 8-year trendline, now trading above $115K with strong structural support.
- US spot Bitcoin ETFs see $2.3B inflows in 5 days, signaling strong institutional demand.
- Analysts track $117,200 resistance, a breakout could push BTC to new all-time highs soon.
Bitcoin has reclaimed its 8-year trendline level after a period of volatility, restoring confidence in its long-term structure. The breakout was first recorded in July, but the level was briefly lost in August. Bulls have now closed a strong candle above this level, with analysts suggesting momentum could drive a new all-time high within the next two to three weeks.
Long-Term Trendline Breakout and Market Data
According to analysis prepared by BitBull, Bitcoin’s price structure has respected an ascending trendline connecting cycles since 2017. This trendline acted as resistance during peaks in 2018, 2021, and 2022 before being broken in July 2025. The recent recovery places BTC above the $100,000 to $105,000 range, confirming the retest as successful.
At press time, Bitcoin traded at $115,728, reflecting a 0.42% daily gain, according to CoinMarketCap. Market capitalization reached $2.3 trillion, supported by a 24-hour trading volume of $44.66 billion. Circulating supply stands at 19.91 million BTC, placing it closer to the maximum issuance of 21 million coins.
This scarcity structure remains a key factor in supporting long-term valuation. In the last session, Bitcoin traded between $115,500 and $116,500, with an intraday volatility with the support still being at 115,500. Analysts observed strong buying activity around these levels, suggesting sustained interest from both retail and institutional investors.
Institutional Demand and Upcoming Resistance Levels
Institutional flows continue to shape market direction. According to Farside Investors, US spot Bitcoin ETFs recorded over $2.3 billion in net inflows during five days in September. This data reflects growing accumulation among large market participants.
Trader Ted Pillows noted that BTC is approaching resistance at $117,200. He explained, “If BTC reclaims $117,200 level, a new ATH could happen within a few weeks.” However, he cautioned that rejection from this level could send the price back toward $113,500.
With bulls closing a strong candle above the 8-year trendline, analysts agree momentum remains strong. Market data, institutional inflows, and technical structure all suggest Bitcoin could reach new highs soon.
