Bitcoin forecast: BTC back at 112k all-time high – Next levels to watch

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.