is showing signs of life after a sharp drop from the $115,000 level, with bullish 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 Follows Rejection At $115,000 Resistance Zone

Providing an on the current state of the crypto market, Kurnia Bijaksana pointed out that Bitcoin, along with several , 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.

From a purely perspective, the decline appears to have been triggered by Bitcoin hitting a key near the $115,000 level. Despite the , Kurnia observed that Bitcoin’s 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. 

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 .

1-Hour Chart Reveals Early Signs Of A Trend Reversal

Kurnia Bijaksana provided further analysis, focusing on Bitcoin’s price action within the 1-hour timeframe. According to the , BTC is currently forming a higher low—a classic indicator that signals growing momentum and the potential for an upward continuation in the near term.

Bijaksana also highlighted the potential development of an inverse head and shoulders pattern, which is typically seen as a strong bullish 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.

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 would provide a clear bullish signal, possibly paving the way for continued strength in the coming sessions.

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.