Bitcoin Dey Hold $112K Support Amid Macro Wahala
Global macro wahala dem, like bad US nonfarm payrolls and rising tariff wahala, don dey press risk assets. Bitcoin price drop under $112,000 during weekend before e bounce back above $114,000. Analysts for BitMEX and 10x Research dey warn say e fit drop reach $100,000 if Bitcoin no fit take back $116,000, while Man of Bitcoin talk say $112,000 na critical support for new rally. Long-term targets still dey bullish as BitBull dey predict $148,000 and October 2025 forecast na $150,000. Ethereum price dey face resistance near $3,800. 0xENAS and IncomeSharks dey advise caution, but Tomas Lee dey project fair value between $10,000 to $20,000 inside 12 months. On-chain memecoin activity jump after Musk retweet, push tokens like ANI (+45%) and Valentine (+103%). RWA infrastructure progress for Hong Kong dey try boost tokenization standards. Key metrics: Bitcoin ETF outflows hit $812 million, ETH ETF withdrawals reach $152 million. Traders suppose watch Bitcoin price for $112K support, upcoming token unlocks, and changing macro signals for trading chances.
Neutral
Even though macro wahala from weak US work data and tariff gbege don weigh down risk assets, Bitcoin fit hold im $112,000 support level show say demand still strong. Short-term analyst talk range from bearish $100,000 scenario if Bitcoin no fit pass $116,000 go till bullish reversals wey target $148,000 and beyond. Like previous times wey Bitcoin stabilize above key moving averages before e begin rally again, the current consolidation mean say near-term outlook dey neutral. But ongoing ETF outflows and wahala around token unlock fit limit immediate gains. Long-term catalysts, like better technical patterns and institution interest for Bitcoin and Ethereum, show road be positive. Traders suppose dey watch $112K level for directional signs, failure mean possible pullbacks and hold mean fresh upside momentum.