Bitcoin (BTC) Prediction: $112K Reclaimed — $117K?
Bitcoin is showing signs of renewed strength after reclaiming the critical $112,000 support level following a volatile session. BTC briefly climbed to local highs of $112,646 on Bitstamp, bouncing back from multi-week lows near $109,500 and signaling that bulls are attempting to reassert control.
Market indicators support a cautiously bullish outlook. BTC has reclaimed its 100-day exponential moving average (EMA-100) at approximately $110,850, a technical floor many traders watch for bottom formation. Shorter-term EMAs are aligned with the rebound as well, with the 20-EMA around $111,200 and the 50-EMA near $110,600. The relative strength index (RSI) sits at roughly 54, suggesting there’s room to climb before overbought territory.
Social posts from prominent traders note the EMA-100 recovery as crucial for a sustained rally and identify $116,000–$117,000 as the next upside target if momentum holds.
Trader sentiment is mixed but focused on the same key inflection point. At the same time, more cautious voices warn that $112,000 is pivotal: a decisive break below that level could expose support near $102,000 and increase the odds of a double-top pattern.
On-chain signals point to growing institutional involvement and whale accumulation. Historically, BTC has rebounded off a trendline established since Q3 2023; an April 2025 episode where price briefly dipped below that trendline was quickly reversed amid MicroStrategy’s reported $1.5 billion Bitcoin purchase. BTC currently rests on that same support trendline, a setup that has preceded rebounds in the past and could set the stage for a pre-ATH advance if buyers remain active.
- Line in the sand: $112,000
- Near-term upside target: $116,000–$117,000
- Primary downside buffer: $102,000
For now, traders will watch $112,000 as the line in the sand, $117,000 as the near-term upside target, and $102,000 as the primary downside buffer.
