Bitcoin (BTC) prices are within the critical range where you can define the next move. Burak Kesmeci Market analyst from Cryptoquant claims that digital fashion, between $109,000 and $112,000, is in the pivot zone where weekly closures are critical.
According to that reading, if Bitcoin closes a week that exceeds $112,000, A bullish trend that can take it to 117,300 USD is confirmedlevel that establishes resistance to price.
Instead, it warns that if the closure falls below $109,000, it will increase bearish pressure on the price of the asset.
Currently, Bitcoin is negotiated for around $113,248, according to the Cryptootic Price Calculator. Therefore, BTC recovered 2% from 108,700, which reached on August 26th.
Kesmeci analysts emphasize that short-term holders (people with less than 155 days in Bitcoin) have a strong impact on emotions. As you can see, sales or accumulation decisions usually attract (or remote) additional capital converting USD 92,400, USD 112,000, and USD 117,300 with support and major resistance.
In the following graph, you can see a key reference to Bitcoin prices in the short term.
Kesmeci’s position coincides with the perspectives of other analysts. The Cryptanchain company notes that the 30-day mobile average for Bitcoin tickets has fallen to its lowest level since May 2023. This limits available offers and allows you to maintain (and raise) prices in the short and medium term.
This story adds an analysis of “brytjoy” from the Training View community. From that perspective, support is at USD 111,000 and neckline is at USD 112,000, which coincides with the exponential mobile average. If prices exceed this area, they will be $113,549 and $114,689. According to the experts, pattern nullification occurs when it falls below $111,000.
In line with the same policy, HF Market analyst Emmanuel Faurez has identified $111,850 as key support. At this resistance level, Bitcoin was able to consolidate the rebound.
There are also activated bearity indicators
Support is found in bullish projections, but other analyses have opposite scenarios. Glassnode’s company warned last week that market impulses had weakened. The relative strength index drops by 21.4% to 43.6 points, bringing the assets closer to overall terms. With a stable volume, but without dynamism, the buyer’s beliefs seem fragile, If sufficient liquidity is not returned, it increases the risk of short-term declineaccording to the analytical company.
Cryptanchain adds that the 30-day mobile average of buy and sell ratios has dropped to its lowest level since 2018. This metric performed a threshold of 0.98, which is interpreted as a liquidation signal. This indicates that sales pressure is clearly exceeding purchases.
Similarly, Emmanuel Faurez warns that by losing support of USD 111,850, it will activate a broader scenario with a forecast of around $102,000-$98,000. This range could replace a deeper downturn if the market repeats the pattern of the bear cycles of 2017 and 2021.
This added a warning from a cryptographic analyst known as “Darkfos.” That observation is that the percentage of benefits offers reached a 90% threshold, both in extended field of view, which is historically relevant to the initiation of the correction stage.
