NewsBTC
Sep 29, 2025
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Bitcoin Price Recovers Above $111,000 Facing Resistance at $112,500

Bitcoin Price Analysis

  • Bitcoin found support near $108,680 and started a recovery above $111,000.
  • A key resistance exists around $112,500. A break above this could lead to further gains.
  • The price is currently above the 100 hourly Simple Moving Average.
  • Immediate resistance levels are at $112,400 and $112,500.
  • If resistance is cleared, potential targets include $113,700 and $114,500.

Bitcoin Price

Potential Decline?

  • If unable to rise above $112,500, Bitcoin may decline.
  • Support levels are at $111,300 and $110,500.
  • Further losses could drive the price toward $108,800 or even $107,500.

Technical Indicators:

  • Hourly MACD: Gaining pace in the bullish zone.
  • Hourly RSI: Above 50 for BTC/USD.