Bitcoin Faces $112.5K Wall: Breakout or Sharp Rejection Ahead?

TL;DR Bitcoin stalls under $112.5K, with upside targets near $124K and downside support at $106K. MACD golden cross confirms momentum shift, signaling possible continuation toward the $124K–$126K ￰0￱ balances drop after steady accumulation, showing signs of profit-taking ahead of key ￰1￱ Tests $112,500 Resistance Bitcoin is holding just below the $112,000 level, a price point seen as a key pivot for the next ￰2￱ Lennaert Snyder explained, “If Bitcoin reclaims $112,500, we can start looking at the upside ￰3￱ $112,500 triggers shorts.” Charts shared by Snyder show upside potential toward $122,000–$124,000 if resistance breaks. A rejection at this level could push the price back toward $106,000 or even $101,000, where demand zones have previously provided ￰4￱ levels remain in focus as possible long entries if reversals occur. $BTC consolidating near key $112,500 ￰5￱ Bitcoin reclaims $112,500, we can start looking at the upside ￰6￱ $112,500 triggers shorts. $106,000 support & $101,000 rangelow are interesting for longs after ￰7￱ — Lennaert Snyder (@LennaertSnyder) September 8, 2025 MACD Golden Cross Signals Momentum Shift A separate analysis from ZYN pointed to a daily breakout from a falling wedge and a confirmed MACD golden ￰8￱ crossover of the MACD line above the signal line is viewed as a bullish shift in ￰9￱ noted, “$BTC MACD golden cross has ￰10￱ is a momentum shift signal, and I hope you’re paying attention.

Don’t be bearish now on Bitcoin.” The move follows a rebound from $106,000 that carried the price past $111,000. If strength continues, projections place the next target range around $124,000–$126,000. In addition, market focus is on upcoming US economic data, with Thursday’s consumer price index release and Friday’s jobs ￰11￱ numbers could influence Federal Reserve policy and liquidity ￰12￱ Bitcoin trading near resistance, traders expect volatility around these ￰13￱ Holdings Show Signs of Profit-Taking Data from CryptoQuant analyst IT Tech shows a drop in Bitcoin whale balances after months of ￰14￱ holdings have fallen below 3.36 million BTC, with the 30-day change now ￰15￱ Tech wrote, “When whales reduce exposure, it often signals rotation or preparation for volatility.” The pullback suggests some large holders may be trimming positions or locking in profits as Bitcoin approaches the $112,500 barrier.