Bitcoin Retests $112K ATH: Bullish Support or Bearish Signal?

  • Bitcoin retests $112K ATH, marking its second attempt in a short period.
  • Quick retests may signal weakness, though support holds for now.
  • Potential surge to $150K or drop to $104K hinges on $112K outcome.

Bitcoin is once again making headlines as it retests its previous all-time high (ATH) of $112,000, a critical level that could dictate its next major move. According to a recent analysis by Maartunn on X, this marks the second retest in a short span, sparking intense debate among traders.

Volatile Journey From $120K to $112K

The accompanying CryptoQuant chart highlights Bitcoin’s price peaks and drawdowns since late 2024, showing a turbulent path. After reaching $120,700, Bitcoin retreated sharply, with $112,000 now acting as a crucial support zone. However, repeated retests of this level have raised questions about underlying market strength.

Quick revisits to breakout levels often indicate potential weakness rather than resilience, suggesting the market could be testing buyer conviction. Still, as long as $112,000 holds, bulls retain hope for another leg up, keeping sentiment cautiously optimistic.

Bullish Path Toward $150K vs Bearish Risk at $104K

If buyers defend $112K successfully, analysts suggest Bitcoin could rally toward $150,000, fueled by institutional demand and market momentum. On the flip side, a breakdown could drag the price to $104,000 or lower, aligning with bearish forecasts.

The chart also highlights the “Euphoria Zone” near $120K, an area where speculative buying historically peaks before corrections. With Bitcoin hovering around $116,000 in late August 2025, the next few sessions may determine whether price momentum resumes upward or falters.

Traders are closely monitoring on-chain data and sentiment indicators, with the retest serving as a litmus test for Bitcoin’s resilience. While optimists view the dip as a buying opportunity, skeptics warn of a potential bull trap. Navigating this phase will depend on tracking support and resistance levels with precision.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

Ethereum Staking Arrives at Interactive Brokers Via Zerohash

Eligible Interactive Brokers LLC clients can stake ETH through...

Ledger Wallet Breach Probe Finds Implant in CryptoBilis Device

Ledger reported an unauthorized implant in a device purchased...

South Korea Crypto Crackdown Targets 27 Exchange Sites 

Authorities approved restrictions covering 27 websites, including KuCoin, MEXC...

Solana Treasury Grows 12% at DFDV as CHAD Hits New Trading Highs

DFDV added approximately 22,070 SOL and equivalents, lifting holdings...

Securitize Stock Gets $18 StoneX Target After Platform Launch

StoneX raised its target 50% to $18 and maintained...

Topics

Ethereum Staking Arrives at Interactive Brokers Via Zerohash

Eligible Interactive Brokers LLC clients can stake ETH through...

Ledger Wallet Breach Probe Finds Implant in CryptoBilis Device

Ledger reported an unauthorized implant in a device purchased...

South Korea Crypto Crackdown Targets 27 Exchange Sites 

Authorities approved restrictions covering 27 websites, including KuCoin, MEXC...

Solana Treasury Grows 12% at DFDV as CHAD Hits New Trading Highs

DFDV added approximately 22,070 SOL and equivalents, lifting holdings...

Securitize Stock Gets $18 StoneX Target After Platform Launch

StoneX raised its target 50% to $18 and maintained...

Wormhole Price Rallies 280% as Analysts Flag Fresh Pullback Risk

Patel reports a 280% rebound, with major trendline resistance...

CFTC Crypto Regulation Can Advance Under Existing Law, Pham Says

Pham says existing law supports further crypto rulemaking. The CTX...

Sui Pledges $30 Million to DATA Network for AI Data Access

Sui Foundation will invest $30 million to support DATA...
spot_img

Related Articles

Popular Categories

spot_imgspot_img