BTC trades above $114,755 support, with $112K–113K marked as the key demand zone for potential accumulation.
RSI at 42.50 and negative MACD histogram confirm weakening momentum, indicating cooling conditions in the short term.
A reclaim of $116,813 could re-open bullish momentum, while failure at $112K risks declines toward $103K–100K liquidity pools.
Bitcoin price action has entered a corrective stage following its recent all time high near $120,000, according to analyst Michael van de Poppe. The market saw liquidity absorbed at the top, leading to a reversal that pushed BTC lower into key demand regions.
Trading is consolidating just above $114,755. However, market focus has shifted toward the $112,000–113,000 zone, a region noted as a potential trigger point for accumulation. The short term outlook shows fading bullish pressure, with traders evaluating whether deeper liquidity pools around $103,000–100,700 may come into play if key support fails.
Key Price Levels and Near Term Market Structure
Following the sharp rejection at the peak, BTC retraced into resistance turned support areas, with $116,813 marked as an important retest zone. If this level is reclaimed, upside momentum could return.
BTC/USDT 4-hour price chart, Source: Michael van de Poppe
However, the ongoing consolidation above $114,755 suggests a cautious tone, with the market weighing between rebound potential and extended downside. The demand zone at $112,000–113,000 remains central, where historical sweeps have provided favorable long entries. Failure to defend this range could accelerate a slide toward $103,190 and $100,739, both highlighted as deeper liquidity areas.
Momentum Indicators Reflect Cooling Market Conditions
Technical indicators support the weakening short term structure. The Relative Strength Index has declined to 42.50, down sharply from July readings above 70. This places momentum in neutral to bearish territory, leaning closer toward oversold but not at extremes.
BTC/USD 1-day price chart, Source: TradingView
Importantly, the RSI moving average stands at 53.46, showing BTC remains below its short-term momentum trend. At the same time, the MACD line at -49.51 with negative histogram values confirms downside pressure. Volume trends also reflect reduced conviction, with 226 BTC traded, lower than prior rally peaks.
Support Around $112K as Next Decision Point
Van de Poppe noted that a sweep of the $112,000 could provide long side entry opportunities. Current support levels therefore carry strong weight for short term market direction.
If BTC supports at above $114,000 as it recovers $116,813, focus might be directed to another try of the previous high. But a breakdown from the $112,000–113,000 region would likely reveal more underlying levels at $105,000–108,000.
For the time being, the market forecast is corrective with prudent consolidation prevailing trading action above structural support.
The post Bitcoin Corrective Trend Deepens as $112K Zone Emerges as Key Turning Point appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
