Bitcoin forecast: BTC back at 112k all-time high – Next levels to watch
- 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.
-1752130085458.jpg&w=1536&q=95)
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
-1752130090813.jpg&w=1536&q=95)
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
-1752130097105.jpg&w=1536&q=95)
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.
Author
Jasper Osita
ACY Securities
Jasper has been in the markets since 2019 trading currencies, indices and commodities like Gold. His approach in the market is heavily accompanied by technical analysis, trading Smart Money Concepts (SMC) with fundamentals in mind.
