Bitcoin Confirms Bull Signals Just Below $116,652 Resistance as Analysts Eye $165,745 Target

Bitcoin confirms bull signals near $116,652, with analysts projecting a path toward $165,745.

Support at $87,159 and hidden bullish divergence keep long-term structure intact for Bitcoin.

Analysts see a September dip to $94K–$100K before a potential rally toward $150K–$180K.

Bitcoin is showing technical strength as it confirms bull signals just below a critical resistance level at $116,652. The cryptocurrency has maintained higher lows since 2022, supporting a long-term bullish market structure. Analysts suggest that a confirmed breakout above this level could open the path toward $165,745, reflecting a potential 40% upward move.

Technical Structure Points Toward $165,745

Chart analysis by Javon Marks reveals Bitcoin is testing resistance near $116,652 after several attempts to move higher. The price structure remains intact, with hidden bullish divergence appearing on oscillators that often precede extended upward cycles

Past market behavior shows similar divergences before major rallies, reinforcing the current bullish signals. Support continues to hold near $87,159, keeping the broader trend in place. Market activity confirms steady buying during retracements, ensuring price action respects long-term support zones

If momentum breaks above the $116,652 level, Fibonacci extensions and resistance projections identify $165,745 as the next major target, representing possible room for a 40% climb.

Market Conditions And Future Outlook

Bitcoin traded at $111,533 on Wednesday afternoon, gaining more than 4% across three sessions, according to CoinMarketCap data. The asset had briefly dipped toward $107,000 earlier in the week before rebounding into the $111,000 zone, an area defined by May and June highs acting as key support.

Source: Eliza(X)

On-chain data shows steady participation, with daily active addresses above 740,000 and futures open interest remaining stable. Liquidity is active and the trading volume is in line with the consolidation trend around the present resistance. Analysts suggest that liquidation clusters near $112,000 may add upward momentum if price continues its advance.

According to an observation by Eliza, Bitcoin may form a September low in the $94,000–$100,000 range before resuming an upward rally. It is projected that there could be a breakout in October and may be followed by a projection into the $150,000-$180,000 range by December 2025. This aligns with current signals showing Bitcoin positioned just under $116,652 with room for continuation higher.

The post Bitcoin Confirms Bull Signals Just Below $116,652 Resistance as Analysts Eye $165,745 Target appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.