Bitcoin Eyes $120K if Weekly Close Holds Above $114K

TL;DR Bitcoin rebounds from $107K low, testing $114K as bulls eye a breakout toward $120K. Liquidations near $115K fueled sharp upward momentum, clearing resistance and boosting short-term bullish outlook. Short-term holders realize losses, but institutional demand suggests the broader trend remains strongly ￰0￱ Tests $114K Level Again Bitcoin has recovered in the past week or so after reaching a low near $107,000 earlier this ￰1￱ zone marked the end of its measured move, and the price has since pushed back above $114,000, trading close to $115,000. Analyst Rekt Capital said , “Bitcoin is now in contention for a reclaim of the $114k (black) level back into ￰2￱ Close above $114k would trigger bullish bias and resynchronisation with the $114k–$120k Range.” The $114,000 level has acted as resistance in recent ￰3￱ above it on the weekly close would open the way toward the $114,000–$120,000 range.) September 12, 2025 The cascade of liquidations added momentum, helping Bitcoin clear overhead resistance levels and driving volatility higher as the week developed.

Short-Term Holders Realizing Losses Data from CryptoQuant shows that short-term holders are realizing losses again after four months of steady ￰4￱ G a a h said , “This change is significant, as it indicates a momentary loss of confidence on the part of speculators.”) for short-term holders has dropped below ￰5￱ previous cycles, market peaks formed when short-term holders booked heavy profits, often during periods of extreme ￰6￱ time, those conditions have not appeared, suggesting the rally has been sustained by larger ￰7￱ Bitcoin holds $114,000 into the weekly close, analysts see scope for continuation toward $120,000 in the near term.