Bitcoin Price Prediction: Break $112K or Drop to $108K?
This Bitcoin price prediction examines BTC’s tight trading range between $108K support and $112K resistance after August volatility. Institutional ETF inflows and strong on-chain data underpin a bullish long-term outlook. A decisive break above $112K could propel BTC toward $116K–$120K. Conversely, failure to hold $108K risks a deeper pullback to $103K–$105K amid macro headwinds like rate uncertainty and a strong U.S. dollar. Short-term direction remains neutral as traders await clear breakout or breakdown signals. This concise Bitcoin price prediction highlights key levels, catalysts and risks to inform timely trading decisions.
Neutral
We categorize this news as neutral because BTC is consolidating between well-defined $108K support and $112K resistance levels. Similar sideways patterns in past cycles preceded both strong rallies and deeper pullbacks, making the immediate direction unclear. Institutional ETF inflows and on-chain metrics suggest long-term bullish momentum, while macro pressures—rate uncertainty and a robust U.S. dollar—pose short-term risks. Traders are likely to remain on the sidelines until a clear breakout or breakdown occurs. In the short term, we expect low volatility as market participants await catalysts. Over the long term, sustained institutional demand could drive a bullish trend once Bitcoin breaches these key levels.