Bitcoin (BTC) Crosses $112,000 Amid Market Volatility
On September 29, 2025, 08:03 AM (UTC), Bitcoin (BTC) successfully broke past the $112,000 USDT mark on Binance, showing a 24-hour gain of 2.24%. At the time of the snapshot, BTC was trading at $112,069, reflecting a short-term bullish momentum.
📊 Market Snapshot (Binance Data):
Current Price: $112,069
24h High: $112,350
24h Low: $109,189
24h Volume (BTC): 10,620.94
24h Volume (USDT): $1.18B
Order Book Sentiment: 71.04% Buy vs. 28.96% Sell
🔎 Technical Analysis
1. Resistance Levels
Major resistance is seen near $113,200–$113,500.
A breakout above this could open the path toward $115,000.
2. Support Levels
Key support sits at $111,750 and deeper at $110,700.
If BTC falls below $110,000, liquidation risks could trigger high volatility, as highlighted in recent liquidation cluster data.
3. Volume Profile (VPVR):
Strong buying interest has built between $111,700 – $112,200, indicating a strong liquidity zone where traders are actively participating.
📈 Broader Market Context
Bitcoin’s surge above $112,000 comes at a time when liquidity pressure is building across exchanges.
If BTC climbs above $113,000, an estimated $301M in short positions may face liquidation.
If BTC drops below $110,000, over $657M in long positions could get liquidated, leading to high volatility.
This dual setup means BTC is at a critical juncture, where even small price movements could trigger large-scale liquidations and drive bigger market swings.
✅ Bitcoin is currently showing strength above $112,000, with bulls eyeing $113,500 as the next key resistance. However, the market remains highly sensitive, and traders should watch the $111,700 support zone closely. Any break below $110,000 may flip momentum back to the bears.
📌 In short, BTC is in a make-or-break zone, and the coming hours/days will determine whether we see a push toward $115K or a pullback below $110K.
