Bitcoin’s current range between $110K and $112K is a key decision zone that may dictate its next major directional move.
A clean bounce off the EMA 50 suggests short-term bullish strength, but a breakdown could trigger a sharp capitulation wick lower.
Analysts warn that failure to hold $110K may lead to steep declines toward $100K, $93K, or even $83K in the coming days.
Current prices of Bitcoin stand at about 113,900, where the market is recently narrowing towards an important support level between 110,000 and 112,000. The region is being carefully watched by traders who believe it could be the deciding factor behind the next significant Bitcoin movement.
Price Tests Key Support Zone Between $110K–$112K
Crypto Patel noted that Bitcoin has now broken below its ascending trendline, which adds to bearish pressure in the short term. He warned that unless bulls defend the $110K–$112K level, Bitcoin could slide further toward $100K, $93K, or $83K.
https://twitter.com/CryptoPatel/status/1951523356911739113
This zone has become the most watched area on the chart. Patel highlighted the importance of this support, stating that a rebound could trigger a rally toward the $150K all-time high. However, a confirmed breakdown would shift momentum to the bears.
Patel also reminded followers that he previously suggested profit-taking around $122K–$123K. With prices now nearly $10K lower, focus has turned to whether bulls can reclaim control or if further downside is imminent.
EMA 50 Bounce Adds Short-Term Relief
BitBull pointed out that Bitcoin bounced cleanly off the EMA 50 level, which has acted as reliable support in the past. This rebound gave bulls temporary relief and signals that market strength still exists.
https://twitter.com/AkaBull_/status/1951572773186236502
Despite the bounce, BitBull remained cautious. He recalled a similar pattern from June when Bitcoin broke below the EMA 50 and entered a deeper correction. He suggested that another break of this moving average could create a capitulation wick, driving Bitcoin into the $110K–$112K range again.
BitBull considers this zone a potential bottoming area if a strong reaction follows. The market now waits to see whether this price region will hold once more or fail under pressure.
$110K–$112K Zone Becomes the Market Focus
Both Crypto Patel and BitBull have pointed to $110K–$112K as the most critical price level to watch. Traders are currently avoiding aggressive positions, waiting to see how Bitcoin behaves at this zone.
A strong bounce could renew confidence and open the path to $150K. A breakdown below $110K, however, could accelerate selling and push BTC toward lower support levels.
This range now acts as a decision point between bullish continuation and deeper correction.
