Bitcoin has reclaimed its 8-year trendline and is trading above $115,000, supported by strong structural demand and roughly $2.3 billion in US spot ETF inflows over the past five days. The influx of institutional capital has reinforced buy-side momentum, pushing BTC toward the immediate resistance level near $117,200.

Market participants are watching $117,200 as a key short-term hurdle. A clean breakout above that level could open the path to new all-time highs within 2–3 weeks, according to prevailing technical estimates. The combination of reclaimed long-term support and sustained ETF accumulation points to a bullish setup, but execution depends on volume and market breadth during the approach to resistance.

• Profit-taking around overhead resistance
• Macro headline risk
• Potential volatility if ETF flows slow
• What traders and investors will monitor: net ETF inflows, on-chain demand signals, and whether the reclaimed trendline holds on any retest

For now, structural support around $115K plus continued institutional buying have positioned Bitcoin for a possible breakout; confirmation will come if BTC can decisively clear $117,200 with follow-through.