NEW YORK – Bitcoin (BTC) experienced a significant price surge on Tuesday, climbing past the critical $115,000 level in a powerful afternoon rally that added over $1,000 to its value. The move marked a decisive break from an otherwise quiet trading day, igniting fresh optimism among crypto investors.
As of 7:38 p.m. UTC, the price of Bitcoin stood at approximately $115,240, representing a gain of 0.96% for the day.
The move marks a decisive break from the day’s earlier, sideways trading pattern. For much of the session, Bitcoin hovered in a tight range near its previous closing price of around $114,140, even dipping to session lows near $113,500. However, buying pressure intensified dramatically during the afternoon trading hours, propelling the price sharply upward in a short period. The cryptocurrency peaked above $115,500 before settling slightly.
While the specific catalyst for the sharp upward move was not immediately clear, the break above the $115,000 mark is a significant technical and psychological event for traders. Such moves often follow periods of price consolidation and can attract further momentum as they signal a potential shift in market sentiment from neutral to bullish.
Investors will now be closely watching whether Bitcoin can establish this new level as a firm base of support. Sustaining a price above $115,000 could set the stage for a test of higher resistance levels, while a fall back below could suggest the rally was a temporary spike. The strong intraday performance, however, provides a positive signal for the market heading into the next session.
