• Bitcoin touched the Kijun-sen and FVG intersection region around $114K, so there is a high-probability technical rebound.
• Price declined atrociously following a pullback of the highs at $122K, further building the critical base of $114K-115K.
• Momentum traders are currently watching confirmation of momentum entries now that the BTC has held above support at $115K and will soon see a second test of resistance at the much anticipated level of $120K.

Bitcoin has reached a critical technical juncture after tapping the $114K–$115K support zone. The price aligns with both the Kijun-sen and a significant Fair Value Gap (FVG), suggesting a strong foundation for a potential bullish bounce. The crypto community, including Titan of Crypto , is now focused on this key level for clues about Bitcoin’s next move.

Kijun-sen and FVG Create Strong Support Confluence

The daily BTC/USDT chart reveals that price action has landed at a significant dual-support zone. The Kijun-sen, a vital mid-term indicator from the Ichimoku Cloud system, intersects with the lower bound of the recent FVG.

This overlap significantly strengthens the case for a bounce. Historically, such confluences often mark the beginning of bullish reversals. Moreover, the presence of the Ichimoku Cloud base just below adds extra technical strength.

The market responded with a wick into this zone, showing initial rejection. Bitcoin now consolidates at this base, preparing for its next move.

Recent Breakout and Pullback Set the Stage

Earlier this month, Bitcoin broke out from a descending wedge pattern near the $122K level. However, it quickly pulled back to retest support.This retracement was expected and healthy, considering overbought short-term conditions. The return to $114K–$115K has not broken the bullish structure.

Instead, it reinforces the idea of accumulation near strong support. This setup creates opportunities for momentum traders to re-enter the market.Additionally, a strong daily close above current levels could confirm the bounce. Hence, traders will closely monitor upcoming candles for confirmation.

Bullish Targets and Market Implications

If Bitcoin holds above this zone, the next logical target remains the $120K–$122K resistance range. That’s where sellers last emerged.A move above that level could ignite a fresh leg higher. Significantly, rising volume or a bullish engulfing candle would signal renewed momentum.

Moreover, a bounce here would confirm the confluence zone as a local bottom. Confidence among bulls could then strengthen further.Consequently, this level now serves as a critical battleground for short-term direction. A breakdown would flip sentiment, but that remains unlikely for now.

Conclusion

 Bitcoin’s price action around $114K–$115K is drawing attention for good reason. The alignment of Kijun-sen, FVG, and Ichimoku Cloud base creates a solid floor. Bulls are watching for bounce confirmation. The coming days could shape the next phase of the rally.