- Bitcoin gets back at all‑time high, touches $112K amid macro tailwinds and institutional demand.
- Dormant 80K BTC move rattles markets; U.S. strategic reserve and corporate buys fuel narrative.
- Bullish momentum continues — eyes $115K-$120k if macro conditions remain favorable and price action holds; $108K-$105K as key support in a pullback.
Bullish forecast playing out to precision
In our previous Bitcoin forecast – Bitcoin price forecast: Is BTC gears up towards 112k? Key scenarios to watch – we outlined two critical levels for bullish targets:
- $111,980 – Immediate resistance.
- $112,000 – All-time high.
After a week, the digital gold is now back at All-Time High levels, surging to $112,022, testing the 112k previous ceiling for potential new highs. The bullish scenario has unfolded nearly tick-for-tick, validating the forecasted trajectory driven by macro easing, institutional demand, and favorable technical reclaim structures.
Bitcoin’s surge: Driven by institutional inflows
Bitcoin’s rally is being powered by a perfect storm of macro, structural, and institutional shifts:
- Federal Reserve’s dovish guidance continues to push capital out of USD and into decentralized stores of value.
- Public companies like MicroStrategy, GameStop, and Japan’s Metaplanet are building BTC reserves at an aggressive pace.
- U.S. Strategic Bitcoin Reserve legislation cements Bitcoin’s legitimacy as a sovereign-grade asset.
- Dormant whale wallets awaken: 80,000 BTC (~$8.6B) moved from Satoshi-era addresses has sparked renewed attention on BTC supply dynamics—but hasn’t derailed the uptrend.
Technical outlook
Bitcoin continues to reclaim the pullback leg coming from the 112k All-Time High level. Momentum is still strong but risk is still on the radar.
Bullish scenario – Continuation toward $115K-$120K
If $112K becomes support, the rally could extend toward $116K–$120K.
- Supporting confluences:
-
- Clean break of all-time high.
- Institutions continuing accumulation.
- No major resistance until $115K psychological round number.
- 4-Hour Fair Value Gap($109,800-$110,800) remains intact.
Targets:
- $113k – Low Hanging Fruit
- $115k – Psych Level
- $120k – Institutional Target
Bearish scenario – Rejection from all-time high
If the rally stalls at the All-Time High levels, we may see a correction to:
- Failed breakout above $112,000 with no sustained momentum.
- 4-Hour Fair Value Gap($109,800-$110,800) fails to hold.
- $108k fails to hold and Bitcoin closes below.
Targets:
- $108K–$105K – Discount Levels.
- $100K – Psych Level.
