Bitcoin Rebounds Toward $112k as Bulls Eye Key Closes || Daily News
Oversold conditions and institutional demand lift BTC, but risks remain from U.S. politics and resistance zones
🪙 Crypto Market
Bitcoin has rebounded back to the $112k zone, with reports of institutional buying (including MSTR) and oversold conditions helping fuel the move.
The weekly close ended stronger than expected, preventing a deeper breakdown. Looking ahead, a monthly and quarterly close above $114.6k could set the stage for new all-time highs in October.
Still, traders remain cautious with the looming U.S. government shutdown, historically a bearish overhang for crypto.
📊 Liquidations & Positioning
Liquidation maps show downside pockets at $111k–$110k, while clusters of short liquidations sit higher at $114k–$117k.
Leveraged traders remain heavily short from the $116k zone, which increases the odds of a squeeze higher if BTC keeps grinding up.
Spot order books continue to show unusually strong bids, supporting the bounce case.
🔎 Technical Setup
Immediate hurdle: $112.6k – reclaiming this level is crucial to flip short-term momentum.
Bullish path: Holding above $112.6k opens a run toward $114k–$116k.
Risk zone: A rejection at resistance could drag BTC back to $110k or even $108.8k.
ETH is showing bullish divergences toward $4,300–$4,600, but must first stabilize above $4,220 to confirm strength.
🌐 Macro Link
Beyond crypto-specific factors, markets are weighing:
U.S. government shutdown risk — could pressure equities and spill over into crypto.
Institutional headlines — reports suggest large asset managers may soon expand access to crypto ETFs, a potentially powerful catalyst.
📈 Broader Market Signals
On-chain activity: Positive Daily Active Address trends continue, supporting the idea of a sustainable recovery.
Supply reset: The share of BTC and ETH in profit has dipped, creating conditions for healthier long-term upside.
Margin positioning: Shorts overtaking longs on Bitfinex echoes past setups where BTC staged large rallies.
📌 Key Takeaways
BTC rebound helped weekly close avoid a bearish breakdown.
Critical resistance sits at $112.6k; reclaiming it opens $114k–$116k.
Heavy short positioning = potential squeeze higher.
Macro risks: U.S. shutdown could weigh on risk assets.
ETH must reclaim $4,220 to confirm bullish divergences.
🎯 Strategy Snapshot (levels only, not advice)
Short-term bias: Long from $115k, stop $107k, target $140k.
Medium-term bias: Stronger above $121k, target $150k.
Long-term bias: Cycle projection still points to $230k; key support $72k.