Bitcoin’s Path Depends on $112K Support as Analysts Highlight Key Resistance Levels

Bitcoin holds support at $111.4K–$112K, with multiple rebounds forming a potential short term double or triple bottom setup.

Analysts identify $117.6K as a mid range pivot that flipped from support to resistance after repeated failed reclaim attempts.

Analyst Rose compares 2025 to August 2020, citing 58% dominance as a key difference from the 2021 breakout structure.

Bitcoin is nearing a key point as analysts note decisive support and resistance zones. The asset trades just above $112,000, a level analyst Michael van de Poppe identified as crucial for a potential rebound

According to the analyst, holding this range could allow the price to recover toward $120,000. Bitcoin is moving between $111,400 and $124,000, with each side of the range carrying strong implications

This setup has created both buying interest near support and notable selling pressure around resistance, establishing a tense consolidation phase.

Support Holds at $112K

The upper boundary of the current range is between $123,000 and $124,000. Twice, Bitcoin tested this zone and faced strong rejection, forming sharp downward wicks. This behavior indicates sellers are firmly active, aggressively defending the level

BTC/USD Perpetual Contract 4-hour price chart, Source: Ali on X

On the lower side, a defined support area between $111,400 and $112,000 has attracted consistent accumulation. The price bounced multiple times from this area, creating what appears to be a short term double or triple bottom formation. Analysts suggest that maintaining this level is key to preserving bullish prospects in the short term.

$117,600 Emerges as Mid Range Pivot Zone

Between these boundaries, an important pivot is around $117,600. Previously, this level acted as support during upward trading, but it later flipped into resistance after a breakdown. Recent attempts to reclaim this zone failed, showing sellers still maintain control of the mid range

With Bitcoin currently near $112,718, the next moves will likely depend on whether this mid level can eventually be breached. Failure to do so could keep the asset under continued bearish pressure despite the solid defense of lower support.

Comparing Market Patterns to Past Cycles

Analyst Rose compared the current setup with historical fractals, noting key differences. In 2021, Bitcoin consolidated near $40,000–$45,000 before breaking out toward $69,000. However, market outlook differs now, with Bitcoin dominance above 58%, compared to around 40% in 2021

BTC/USD 1-day price chart, Source: Rose on X

This higher dominance shows Bitcoin leads market action, with altcoins not yet entering an explosive phase. Rose suggested August 2020 offers a closer comparison, where consolidation preceded a larger upward continuation

Current trading between $110,000 and $121,500 resembles past consolidation ranges that eventually broke higher. If support holds, projections outline possible targets between $137,000 and $147,000.

The post Bitcoin’s Path Depends on $112K Support as Analysts Highlight Key Resistance Levels appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.