Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest

TL;DR Bitcoin trades under $113K, testing resistance after rebounding from late August lows near $108K. Analysts highlight breakout above descending trendline, with $116K next target and $124K retest possible. On-chain netflows show steady outflows, suggesting accumulation and reduced selling pressure during the ￰0￱ Holds Near $113K Bitcoin jumped past $112,000 earlier today after rebounding from late August lows of around $107,000. At press time, BTC is priced at $112,400 with daily trading volume of $42 ￰1￱ move marks a 2% gain in the last 24 hours and a 1% rise over the past ￰2￱ fact, the recovery follows a pullback from the recent all-time high near $124,000.

Analysts note that liquidity was taken at those levels, and the market is now testing key resistance. Michaël van de Poppe remarked, Let’s break it upwards. That’s great. $BTC ￰3￱ — Michaël van de Poppe (@CryptoMichNL) September 5, 2025 Charts show overhead resistance levels at $114.7K, $116.8K, $119.9K, and the all-time high of $124.3K. A move through $114.7K–$116.8K would confirm momentum and open the way for another retest of $124K.

On the downside, immediate support stands at $111.5K and $108.9K. A broader accumulation zone remains between $100.9K–$102.4K, which could come back into play if current resistance levels reject price ￰4￱ Confirm Breakout Rekt Capital pointed to Bitcoin’s move above a descending trendline that had capped the price since ￰5￱ wrote, “Bitcoin has technically fully confirmed its breakout. A Daily Close and/or retest of the ~$113k region (red) would ensure additional trend continuation to the upside.”