Bitcoin above 115k: bullish outlook continues

Bitcoin has shown renewed upside momentum, with price action hovering around the $115k level. A move beyond this level would signal a continuation of the established uptrend and could attract fresh buyers.

Key factors supporting a bullish tilt include liquidity-driven risk appetite, ongoing macro easing expectations, and growing on-chain activity that suggests network usage remains strong. However, upside is not without risk. A pullback could occur if macro headlines turn adverse, or if momentum wanes and volatility spikes.

In the near term, catalysts to watch include macro data surprises, regulatory signals, and potential shifts in Bitcoin’s spot-to-futures basis that could influence trader positioning. The setup implies upside potential with a need for disciplined risk management given the history of sharp moves in this asset class.