Bitcoin Price Gains Steam – $112K Level Could Decide the Next Surge

Bitcoin's momentum builds as it approaches the critical $112,000 threshold—a level that could unleash the next major price explosion.

The $112K Make-or-Break

Market watchers hold their breath as Bitcoin tests resistance levels not seen since the last cycle's peak. Breaking through this barrier could trigger a domino effect of institutional FOMO—because nothing moves markets like hedge funds chasing yesterday's gains.

Technical indicators scream bullish while traditional finance veterans scramble to explain how an 'internet coin' continues outperforming their carefully curated portfolios. The $112,000 mark isn't just a number—it's the psychological gatekeeper to Bitcoin's next chapter.

As liquidity pools deepen and volatility tightens, all eyes remain glued to that magic number. Because in crypto, resistance levels aren't just technical analysis—they're the digital equivalent of a billionaire's finishing line.

Bitcoin Price Eyes Upside Break

Bitcoin price started a fresh recovery wave above the $109,650 zone. BTC was able to climb above the $110,200 and $110,500 resistance levels.

The recent swing low was formed at $109,369 before the price climbed again. There was a MOVE above the 50% Fib retracement level of the recent decline from the $112,537 swing high to the $109,369 low. However, the bears are active below the $112,000 level.

Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is NEAR the $111,600 level. Besides, there is a connecting bearish trend line forming with resistance at $111,600 on the hourly chart of the BTC/USD pair.

The first key resistance is near the $111,800 level or the 76.4% Fib retracement level of the recent decline from the $112,537 swing high to the $109,369 low. The next resistance could be $112,000. A close above the $112,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000.

Another Drop In BTC?

If Bitcoin fails to rise above the $112,000 resistance zone, it could start a fresh decline. Immediate support is near the $111,000 level. The first major support is near the $110,350 level.

The next support is now near the $109,350 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,500, below which BTC might decline sharply.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $110,350, followed by $109,350.

Major Resistance Levels – $112,000 and $112,500.