Bitcoin Price Targets $120K Gains as BTC Reclaims Key Level

The key takeaways

• Bitcoin’s close of the week above $115,000 is a bullish sign. 

• BTC’s breakout with a bull flag could spark a rally of up to $120,000.

BitcoinBTCAnalysts believe that BTC/USD may continue to rise in value over the coming days, after ending the second week with a positive balance above $115,000 for the first time.

Bitcoin bullishness above $115,000

Bitcoin’s price rose 8% over its previous August 30 high on Sunday. low of $107,270Data per a data Cointelegraph Markets Pro You can also find out more about the following: TradingView. 

Bitcoin recovered its crucial $115,000 price level. This has been the ceiling since 24th August.

The Trader Titan Of Crypto noted On a weekly basis, $115,000 should be the main level of concern.

Related: Bitcoin whale is dumping again as BTC flatlines at $116K

A chart with this level revealed it was in line with the Tenkan. Ichimoku Cloud indicator It is a tool that helps to identify short-term trends, as well as potential changes. 

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

In the past, the breaking of the Tekan price often indicates a short term uptrend. This is especially true when the Cloud’s own bullish zone and price are above.

The BTC/USD currency pair has recently rallied 44 percent to reach the highest level. current all-time highs above $124,500 After the price crossed the Tenkan at the end of April.

AlphaBTC said BTC/USD should be above $115,000 with the volatility that is expected ahead of FOMC this week.

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

📈#Bitcoin LTF game plan 📈

You can also use #FOMC The rate decision is looming. I’d like to know more. #Bitcoin Hold onto the channel, and stay above 115K. A tap of 118K is likely to occur at the beginning of next 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

The following are some of the ways to get in touch with us. Cointelegraph reportedBitcoin’s psychological $115,000 level is important as we enter an important macroweek.

BTC to reach $120,000 in the next few months?

Ahead of the FOMC’s decision, which is expected to be made on Wednesday. 94% chance of a 25 bps rate cutBitcoin’s potential growth is driven by. In the past, lower interest rates have boosted BTC and other risky assets. A dovish tone in Jerome Powell’s post-meeting speech could also boost BTC. propel Bitcoin’s price toward $120,000. 

Technically, BTC/USD is a pair that trades inside of a bull flag Below is a four-hour clock.

If a candlestick four hours old closes above the flag of $115,800 it would be a confirmation that the breakout is bullish. This will pave the road for the run up to the $122,000 target technical chart pattern. A move of this magnitude would result in a total gain of 6% relative to the current price levels.

These simple moving averages of 50 and 200 periods have been validated by a “golden gross” BTC has continued its upward trend on Sunday. 

Analysts project a number of things Bitcoin’s short-term rally to $120,000 Based on bullish Futures Data and A potential breakout The pattern is inversed head-and shoulders.

 Jelle and other analysts project a 35 percent rally up to $155,000 based on a bullish sign from the Stochastic RSI. 

#Bitcoin A major bullish sign has been locked in👀

The stochastic RSI for the week has turned bullish.

In this cycle, the signal has been printed nine times. This results in an average profit of 35%.

If we were to add 35%, this would be $155k/BTC.

Please send me. pic.twitter.com/gCSkb6E3ha

— Jelle (@CryptoJelleNL) September 15, 2025

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.