Bitcoin Retests $112,500 Support Amid Mixed Signals and Key Levels for Potential Next Move

Key Points

1. Bitcoin is testing critical support at $112,500, a key 'reload zone' for buyers, while facing strong resistance near $115,675.

2. The $115,675 resistance level has proven significant, with Bitcoin failing to hold gains above $115K, indicating cautious trader sentiment.

3. Liquidity clusters exist above $125,000 and near $106,000, influencing potential price movements toward $132,500 or a decline to $106,000.

4. The retest of $112,500 follows a bullish breakout pattern, suggesting a possible upward move if support holds.

5. Market momentum and structure will be crucial in determining Bitcoin's next major price action, with traders monitoring volatility and liquidity zones.