TL;DR<\/strong><\/p>\n Bitcoin (BTC) is trading near $112,900 after retreating from recent highs close to $124,000. Market watchers are treating $112,000 as the level that will set the next trend.<\/p>\n Merlijn The Trader pointed out that liquidity has already been cleared on both sides of the range, first near $124,000 and later just below $112,000. He called this an orderbook reset and explained:<\/p>\n $BTC<\/a> JUST CLEANED BOTH SIDES.<\/p>\n Sweeps done. Orderbook reset.<\/p>\n Now all eyes on $112K: One line separates legends from exit liquidity. pic.twitter.com\/QzszeaVb0t<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) September 23, 2025<\/a><\/p>\n<\/blockquote>\n In his view, holding above $112,000 could open the way back toward new records, while losing it risks a move down to $100,000\u2013$102,000.<\/p>\n Micha\u00ebl van de Poppe marked<\/a> the $111,900\u2013$113,000 range as short-term demand. If Bitcoin can hold there, he expects the price to push toward $114,700\u2013$116,800, with $115,000 as the key resistance level.<\/p>\n \u201cIf that\u2019s the case, then $115K upwards would be the next clear resistance point,\u201d he wrote.<\/p>\n<\/blockquote>\n Should the asset fail to maintain this area, he sees the next support at $106,000\u2013$108,000. He called this the \u201cmax buy zone\u201d and noted $103,000 as a deeper level where buyers have previously stepped in. These areas could become important if momentum shifts lower.<\/p>\n Another marker is the 100-day EMA, which sits around $111,876. According to BitBull, this level acted<\/a> as support in June 2025 before the price rallied. He warned that losing it in the past led to steep drops.<\/p>\n They added: \u201cBut you could see further dump too,\u201d<\/em> suggesting that large players might push BTC below this line in Q4 to force liquidations and maximize pressure on the market. For now, the EMA-100 acts as the dividing line, with a bounce supporting recovery and a break pointing toward further downside.<\/p>\n Data from the Bitcoin Exchange Liquidation Map shows that if this level of roughly $106,127 is breached by the BTC, approximately $12.45 billion worth of long positions will get liquidated, including $44.9 million on Binance, $38.9 million on OKX, and $27.3 million on Bybit.<\/p>\n Analyst Ted noted:<\/p>\n $12,500,000,000 will be liquidated when $BTC<\/a> dumps 5%.<\/p>\n It\u2019s all in the data. pic.twitter.com\/u2F3IbRBvk<\/a><\/p>\n \u2014 Ted (@TedPillows) September 23, 2025<\/a><\/p>\n<\/blockquote>\n With the current price just 5% above this point, traders are closely watching whether BTC holds $112,000 or slips lower.<\/p>\n Here, $112,000 becomes the pivot. Higher-level demand induction can generate a bounce back to new highs; however, a breakdown risks another flush into low-level demand zones.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
$112K Becomes the Line to Watch<\/h2>\n
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Breakout \u2192 new highs.
Failure \u2192 deep flush.<\/p>\nResistance Above and Demand Zones Below<\/h2>\n
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EMA-100 in Focus<\/h2>\n
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Liquidation Risk Builds Below Current Price<\/h2>\n
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