If Bitcoin ends the week above USD 112,000, the correction would be confirmed and accelerated. Kesmeci's vision is aligned with the bullish expectations that predominate for Bitcoin. The price of Bitcoin (BTC) is in a decisive range that could define its next movement. Burak Kesmeci market analyst from Cryptoquant, argues that digital fashion, between 109,000 and $ 112,000 is in a pivot zone, where a weekly closure will be decisive. According to its reading, if Bitcoin closes the week above $ 112,000, a bullish trend that could take it to the USD 117,300 would be confirmedlevel that establishes a resistance to the price. Instead, it warns that a closure below $ 109,000 would increase the bearish pressure on the price of the asset. Currently, Bitcoin is negotiated around $ 113,248, according to cryptootic price calculator. Thus, BTC recovered 2% from 108,700 reached on August 26. The Kesmeci analyst highlights that short -term holders (those with less than 155 days in Bitcoin) have a strong influence on feeling. As you can see, your sales or accumulation decisions usually attract (or remote) additional capital, which converts USD 92,400, USD 112,000 and USD 117,300 dollars in support and key resistance. In the following graph you can see the key references for the price of Bitcoin in the short term:
These are the key supports and resistances for the price of Bitcoin. Source: Cryptoquant. Kesmeci's position coincides with the perspective of other analysts. The Cryptanchain firm points out that the 30 -day mobile average of Bitcoin's tickets in Exchange fell to the lowest level since May 2023. This reduction implies that less investors transfer their holdings to sales platforms, which restricts the available offer and can sustain (and boost) the price in the short and medium term.
To this narrative is added the analysis of «Brytjoy», of the TrainingView community, who observes a technical shoulder-horn-hombro pattern invested in the one-hour graph. In its perspective, the support is located in the USD 111,000 and the neckline in USD 112,000, in coincidence with the exponential mobile average. If the price exceeds this area, it could go to $ 113,549 and USD 114,689. The invalidation of the pattern would occur with a fall below $ 111,000, according to that specialist. Along the same lines, Emanuel Juárez, a HF Markets analyst, identified the $ 111,850 as a critical support. In case this resist level, Bitcoin could consolidate a rebound, according to it.
There are also activated bearish indicators
Although bullish projections find support, other analyzes have an opposite scenario. The Glassnode firm warns that the impulse of the market in cash was weakened last week. The relative force index fell 21.4% to 43.6 points, which brings the asset closer to overall conditions. With stable volumes, but without dynamism, the conviction of buyers seems fragile, increasing the risk of a short -term drop if it does not return sufficient liquidityaccording to that analytical company. Cryptanchain adds that the 30-day mobile average of the buying-sale ratio fell to the lowest level since 2018. This metric performed the 0.98 threshold, interpreted as a liquidation signal, which indicates that the sale pressure clearly exceeds the purchase.
In the same vein, Emanuel Juárez warns that losing the support of 111,850 would activate a stage of broader falls, with projections around 102,000-98,000 dollars. This range could give way to even deeper descents if the market repeats patterns of the 2017 and 2021 bearish cycles. To this is added the warning of the Cryptoquant analyst known as «Darkfos.» Its observation is that the percentage of offer in profits reached a threshold of 90%, a level historically associated with the start of corrective phases, both in short and prolonged horizons.
