Bitcoin’s Bullish Romp: $120K or Bust? 🚀📉

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Key takeaways:

  • Bitcoin’s weekly close above $115,000, a feat that would make a bull weep with pride.

  • BTC’s bull flag breakout, a formation that looks suspiciously like a victory parade for the price.

Bitcoin (BTC), that most capricious of digital barons, may see further upside over the next few days after BTC/USD ended the second week in the green above $115,000, according to analysts who seem to have a 50% chance of being correct, which is still better than most stock pickers.

Why Bitcoin is bullish above $115,000

Bitcoin price completed its second consecutive week of gains on Sunday, 8% above its Aug. 30 low of $107,270, per data from CryptoMoon Markets Pro and TradingView. A feat that would make a goldfish proud.

Bitcoin reclaimed the crucial level of $115,000, which has capped the price since Aug. 24. A level so important it could be the financial equivalent of the Berlin Wall, now mysteriously dismantled by bullish fervor.

Trader Titan of Crypto noted that $115,000 was the key level to watch on the weekly time frame. A level so sacred it should be enshrined in a shrine made of Bitcoin emojis. 🐲

An accompanying chart revealed that this level aligned with the Tenkan, a line in the Ichimoku Cloud indicator that identifies short-term momentum and potential trend changes. A line so mystical it could be the financial equivalent of a horoscope.

“A confirmed weekly close above it would strongly reinforce the bullish case for #BTC.”

Historically, the price breaking above the Tekan often signals a short-term uptrend, especially when the Cloud itself is in the bullish territory and the price trades above it. A ritual as old as time, or at least since 2025.

Most recently, the BTC/USD pair rallied 44% to the current all-time highs above $124,500 after the price crossed above the Tenkan in late April. A feat that would make a stock analyst weep into their coffee.

Analyst AlphaBTC said BTC/USD must hold above $115,000, particularly with volatility expected ahead of FOMC this week. A week that will be more dramatic than a Shakespearean tragedy.

“A tap of $118K is likely at the start of the week.”

📈#Bitcoin LTF game plan 📈

With the #FOMC Rate decision looming, I would like to see #Bitcoin hold onto the channel and remain above 115K, with a tap of 118K likely at the start of the week.

The Key will be if the markets sell the news as a 25bp cut is announced and prices are…

– AlphaBTC (@mark_cullen) September 15, 2025

As CryptoMoon reported, Bitcoin should pay close attention to the $115,000 psychological level going into a key macro week. A level so important it could be the financial equivalent of the Titanic’s maiden voyage.

BTC price to $120,000 next?

The upcoming FOMC decision on Wednesday, with a 94% chance of a 25 bps rate cut, is a key driver of potential gains for Bitcoin. A decision that will be more impactful than a surprise tax hike on cryptocurrency enthusiasts.

Lowering interest rates has historically boosted risk assets like BTC, and a dovish tone from Fed Chair Jerome Powell’s speech after the meeting could propel Bitcoin’s price toward $120,000. A tone so dovish it could be mistaken for a pigeon convention.

From a technical perspective, the BTC/USD pair traded inside a bull flag on the four-hour chart, as shown below. A flag so bullish it could be mistaken for a victory parade.

A four-hour candlestick close above the flag at $115,800 would confirm a bullish breakout, paving the way for a run-up to the technical target of the prevailing chart pattern at $122,000. Such a move would bring the total gains to 6% from the current levels. A move so bold it could be mistaken for a stock market rally.

The 50-period and 200-period simple moving averages validated a “golden gross” on Sunday, further reinforcing BTC’s upside potential. A gross so golden it could be mistaken for the Holy Grail.

Several analysts project Bitcoin’s short-term rally to $120,000 based on bullish futures data and a potential breakout from an inverse head-and-shoulders pattern. A pattern so inverse it could be mistaken for a stock market crash.

Analysts like Jelle project a 35% rally to $155,000, citing a bullish signal from the weekly Stochastic RSI. A signal so bullish it could be mistaken for a stock market miracle.

#Bitcoin locked in a major bullish signal 👀

The weekly stochastic RSI has crossed bullish.

This signal printed 9 times in this cycle alone, leading to an average gain of 35%.

35% from here would mean $155k / BTC.

Send it.

– Jelle (@CryptoJelleNL) September 15, 2025

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2025-09-15 15:09