Bitcoin is showing bullish signals just below the $116,652 resistance level, with analysts projecting a potential rise to $165,745, marking a possible 40% increase. The cryptocurrency has maintained higher lows since 2022, reinforcing a long-term bullish market structure. Javon Marks' analysis highlights Bitcoin testing resistance near $116,652, with hidden bullish divergence on oscillators, a pattern that has historically preceded major rallies.
Currently trading at $111,533, Bitcoin has gained over 4% in the past three sessions. Support remains firm near $87,159, sustaining the broader upward trend. On-chain data indicates robust participation, with daily active addresses exceeding 740,000. Analysts anticipate a September dip to $94K–$100K before a potential rally toward $150K–$180K by December 2025.
Bitcoin Eyes $165,745 as Bullish Signals Strengthen
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