Summary
- BTC trades near $109.7K, stuck between $112K resistance and $108K support, after a volatile August.
- Break above $112K could trigger a rally toward $116K–$120K, supported by ETF inflows and strong long-term holder data.
- Drop below $108K risks deeper losses, with downside targets at $105K–$103K, especially if macro headwinds persist.
- Institutional accumulation continues, suggesting a positive long-term outlook despite short-term uncertainty.
- Price tightening signals an imminent breakout or breakdown, with a neutral BTC price prediction awaiting clear direction.
After a rollercoaster August, Bitcoin’s caught in a holding pattern, trading sideways and hugging resistance. But this calm won’t last. Price is tightening up, and a breakout (or breakdown) looks like it’s just around the corner.
In this Bitcoin price prediction, we dig into whether BTC has the momentum to break above $112K or if it’s headed back toward $108K support. With global uncertainty hanging over the market, the next move could be a big one.
Table of Contents
Bitcoin price prediction market info
Bitcoin is sitting near $109,700 today, not making big moves but holding steady. $112K is still acting as resistance, and $108K–$109K has become a solid floor.
Even with price action cooling off, the Bitcoin outlook stays positive. Institutional buying hasn’t slowed, showing long-term conviction in the face of short-term uncertainty.
Bullish catalysts for Bitcoin price
Getting above $112K could flip the script for Bitcoin. That resistance has been tough, but a breakout would likely open the door to $116K–$118K in short order. After that, the next big psychological level is $120K — a number that holds weight from both a technical and historical perspective.
On-chain data supports a bull
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Author: Nastya Lezo
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