Key takeaways:
Bitcoin’s weekly close above $115,000 signals bullish strength.
BTC’s bull flag breakout could trigger a rally to $120,000.
Bitcoin (BTC) 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.
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 Cointelegraph Markets Pro and TradingView.
Bitcoin reclaimed the crucial level of $115,000, which has capped the price since Aug. 24.
BTC/USD weekly chart. Source: Cointelegraph/TradingView
Trader Titan of Crypto noted that $115,000 was the key level to watch on the weekly time frame.
Related: Bitcoin whale is dumping again as BTC flatlines at $116K
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 confirmed weekly close above it would strongly reinforce the bullish case for #BTC.”BTC/USD weekly chart. Source: Titan of Crypto
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.
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.
Analyst AlphaBTC said BTC/USD must hold above $115,000, particularly with volatility expected ahead of FOMC this week.
“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… https://t.co/PjcVKnXmGf pic.twitter.com/eVocYnVYAQ
— AlphaBTC (@mark_cullen) September 15, 2025
As Cointelegraph reported, Bitcoin should pay close attention to the $115,000 psychological level going into a key macro week.
BTC price to $120,000 next?
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