Bitcoin has returned to the key $112K support level , which now faces intense pressure that could either spark a continuation of the bull run or signal a local peak. Currently, Bitcoin is trading at $112,893, with a 1.38% daily gain. However, trading volume remains moderate at $64 billion, lower than the $300–500 billion volume levels witnessed during peak market activity. Three Key Levels: $92K, $112K, $117K Decide Bitcoin’s Fate Burak Kesmeci, an analyst at CryptoQuant , confirmed that Bitcoin is now operating within a key $109K–$112K range. According to Kesmeci, a weekly close above this zone could reinforce the upward trend, while a close below may trigger an accelerated correction. Bulls vs Bears? Bitcoin’s critical pivot zone at 109K – 112K “The 109K – 112K range is a critical pivot zone in the short term. A weekly close above this region could strengthen the trend, while closing below it may accelerate the correction.” – By @burak_kesmeci pic.twitter.com/AaM1hMNmNT — CryptoQuant.com (@cryptoquant_com) August 28, 2025 The analyst has identified three key price levels deserving attention. The first is $117.3K, representing short-term resistance where underwater investors may look to exit their positions. The second is the current $112K level, serving as a short-term decision point that will determine whether prices advance higher or retreat to the third level, short-term support around $92.4K. Similarly, on-chain analyst Darkfost noted that BTC Supply in Profit has recently fallen below the 90% threshold, a metric that has frequently indicated the onset of corrective phases. “Bull markets typically coincide with more than 90% of supply showing profits. We have now reached this critical 90% threshold,” Darkfost explained. Additionally, heavy selling pressure from whales and institutions through ETFs has weakened bullish sentiment. SosoValue data reveals that U.S. spot Bitcoin ETFs recorded only $81.25 million in net inflows on August 27, a stark contrast to Ethereum ETFs , which attracted $309.48 million during the same time frame. 0.5% Loss Metric Proves Bull Run Still Intact Glassnode data shows that the Relative Unrealized Loss for Bitcoin investors remains at just 0.5%, well below the >30% levels characteristic of bear market extremes. Source: Glassnode This indicates that most holders maintain profitable positions despite mounting short-term pressure. Additionally, during the recent pullback to $109K, Bitcoin touched the “Oversold” territory on the short-term holder MVRV Bollinger Band. On the pullback to $109K, $BTC tapped the ‘Oversold’ zone on the short-term holder MVRV Bollinger Band. The last occurrence was at the $74K bottom in April; since then, BTC is up +51%. pic.twitter.com/cN2FXII4SS — Frank (@FrankAFetter) August 27, 2025 The previous occurrence of this condition was at the $74K bottom in April, after which Bitcoin surged over 50%. Many analysts now view the current situation as a retest phase before the next leg of the bull run commences. Supporting this thesis, corporate treasuries and companies are accumulating Bitcoin at a rate four times the mining rate, adding approximately 1,755 BTC daily, while only 450 BTC enter circulation through mining. Source: River Bitcoin enthusiast CryptoNewton projects that as long as the price remains above the $112K threshold, subsequent targets include $115K, $118K, and $124K. Technical Analysis: $124K Liquidity Sweep Sets Up Next Move The daily BTC/USDT chart displays a clear liquidity-driven pattern. The price recently cleared liquidity near the $124,000 area, establishing a new all-time high before experiencing a sharp reversal. The RSI is climbing from neutral territory, indicating that momentum is recovering following the selloff. Key resistance zones ahead include $114,700 and $116,800. A decisive breakout above $116,800 would clear the path toward $119,500 and potentially establish another attempt at the highs. Conversely, if price fails at this juncture and reverses, a return toward $111,900 remains viable, with $103,000 serving as the deeper invalidation level. The 4-hour BTC/USDT chart reveals a distinct structure between buyer and seller territories. Following a steep decline from the seller zone around $121,000, the price descended into the buyer zone near $111,000 and established support. The support line and buyer zone provided a foundation for recovery, leading to a breakout attempt through the resistance line. The price is currently consolidating just above $111,000 while testing the lower boundary of the $112,400 zone, which serves as short-term resistance. The technical setup suggests that if buyers can sustain momentum above this buyer zone and achieve a clean break through $114,400 resistance, the next target would be approximately $118,000 (TP1), aligning with the projected trajectory. However, failure to maintain levels above $113,000 would increase the probability of retesting the $109,000 buyer zone. The post Bitcoin’s $112K Support Under Fire – Bull Run Pause or Market Top? appeared first on Cryptonews .
