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Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest


by Olivia Stephanie
for CryptoPotato
Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest

TL;DR

  • Bitcoin trades under $113K, testing resistance after rebounding from late August lows near $108K.
  • Analysts highlight breakout above descending trendline, with $116K next target and $124K retest possible.
  • On-chain netflows show steady outflows, suggesting accumulation and reduced selling pressure during the recovery.

Bitcoin Holds Near $113K

Bitcoin jumped past $112,000 earlier today after rebounding from late August lows of around $107,000. At press time, BTC is priced at $112,400 with daily trading volume of $42 billion. The move marks a 2% gain in the last 24 hours and a 1% rise over the past week.

Read the article at CryptoPotato

Read More

Bitcoin Faces $112.5K Wall: Breakout or Sharp Rejection Ahead?

Bitcoin Faces $112.5K Wall: Breakout or Sharp Rejection Ahead?

Bitcoin trades near $112.5K resistance. Breakout could target $124K, while rejection ...
BTC Mining Difficulty Climbs to All-Time High Amid Surging Miner Activity

BTC Mining Difficulty Climbs to All-Time High Amid Surging Miner Activity

The Bitcoin mining difficulty of 136 trillion was accompanied by a notable surge in h...

Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest


by Olivia Stephanie
for CryptoPotato
Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest

TL;DR

  • Bitcoin trades under $113K, testing resistance after rebounding from late August lows near $108K.
  • Analysts highlight breakout above descending trendline, with $116K next target and $124K retest possible.
  • On-chain netflows show steady outflows, suggesting accumulation and reduced selling pressure during the recovery.

Bitcoin Holds Near $113K

Bitcoin jumped past $112,000 earlier today after rebounding from late August lows of around $107,000. At press time, BTC is priced at $112,400 with daily trading volume of $42 billion. The move marks a 2% gain in the last 24 hours and a 1% rise over the past week.

Read the article at CryptoPotato

Read More

Bitcoin Faces $112.5K Wall: Breakout or Sharp Rejection Ahead?

Bitcoin Faces $112.5K Wall: Breakout or Sharp Rejection Ahead?

Bitcoin trades near $112.5K resistance. Breakout could target $124K, while rejection ...
BTC Mining Difficulty Climbs to All-Time High Amid Surging Miner Activity

BTC Mining Difficulty Climbs to All-Time High Amid Surging Miner Activity

The Bitcoin mining difficulty of 136 trillion was accompanied by a notable surge in h...