Bitcoin Reclaims $114K Support, With Analysts Saying It’s One Step Closer to Ending Corrective Phase

Bitcoin reclaims $114K support, signaling progress toward ending its corrective phase.

Resistance near $117,500 seen as critical, with risk of pullback to $113,500 if rejected.

ETF inflows and falling exchange reserves point to reduced selling pressure and strong demand.

Bitcoin has reclaimed the $114,000 support level, strengthening its technical structure after recent corrective moves. Analysts note that this recovery positions the cryptocurrency one step closer to fully resynchronising with its trading range. It is also seen as one step closer to ending its downside deviation and the corrective phase altogether.

Bitcoin Reclaims Key Support Level

According to an observation by market analyst Rekt Capital, Bitcoin looks to have successfully reclaimed $114,000 as support. The cryptocurrency was trading at $116,370 on September 17, 2025, after recording a 0.5% daily increase, based on CoinMarketCap data.

The weekly chart data shows Bitcoin following a consistent breakout, retest, and continuation structure since 2023. Each time horizontal resistance levels were surpassed, they turned into support, often confirmed with retests. The same pattern appears to have played out again with the $114,000 level.

Between 2024 and 2025, Bitcoin consolidated in a range between $75,000 and $90,000 before rallying above $100,000. A corrective phase followed, marked by a downside deviation where the asset temporarily lost its range. Current price action now signals a move closer to restoring that structure.

Analysts Eye Next Levels

According to an analysis prepared by Ted Pillows, Bitcoin has reached a crucial resistance level near $117,500. He noted, “If Bitcoin reclaims $117,500, further continuation could happen. If BTC fails to reclaim this level, expect a correction towards $113,500.” On-chain data adds further support to the positive outlook

Source: TedPillows(X)

CryptoQuant reported that Bitcoin reserves on centralized exchanges have fallen to their lowest levels since January 2023. This suggests reduced selling pressure as coins move into private storage. At the same time, stablecoin balances on exchanges are rising, creating potential liquidity for renewed buying

Spot Bitcoin ETFs also recorded $2.2 billion in net inflows between Wednesday and Monday, according to CoinGlass. This buying pressure has been greater than daily Bitcoin issuance. The combination of reclaimed support, lower reserves on exchanges, and ETF inflows suggests Bitcoin may continue to hold above $114,000

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