Bitcoin Outlook: Testing $112K - Recovery Potential After Key Resistance

Bitcoin pushes against the $112,000 ceiling—traders hold their breath as the digital asset tests crucial resistance levels.

Market Momentum Shifts

Volatility spikes as BTC approaches its previous all-time high territory. Whales accumulate while retail hesitates—classic divergence signaling potential breakout patterns.

Technical Indicators Flash

RSI nears overbought thresholds while volume patterns suggest institutional accumulation beneath the surface. The $112K level isn't just psychological—it's the line between consolidation and parabolic continuation.

Macro Winds Favor Crypto

Traditional finance stumbles with jobless claims hitting multi-month highs—yet another reminder why decentralized assets keep attracting capital fleeing bureaucratic incompetence.

Next Resistance Levels

Clear $112K opens path to $125K—failure here could see retracement to $98K support. Either way, volatility's back on the menu.