Bitcoin price rose 1.5% to over $115,000, with onchain indicators signaling market momentum is increasing. Resistance lies at $116,000-$121,000, and BTC must hold above $115,000 for recovery. Bitcoin derivatives market influences price, with futures traders absorbing recent sell pressure. Options open interest hit all-time high at $54.6 billion, favoring bullish bets.

Bitcoin price trading at $115,400 faces resistance at $116,000. To continue uptrend, BTC must hold above $115,000 and overcome $116,000-$121,000 supply zone. Bears may defend $116,000 level, targeting $114,500 and $112,200 support areas. Liquidation heatmap shows potential for squeeze above $116,400 towards $120,000.

BTC/USDT liquidation heatmap shows liquidity clusters between $116,400 and $117,000, indicating potential for a squeeze towards $120,000. On the downside, bids are strong around $114,700 with major cluster from $113,500 to $112,000. Readers should conduct their research as this article does not contain investment advice.

Read more at Cointelegraph: Key Bitcoin Price Levels to Watch as BTC Taps $115K