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Bitcoin ends two-week decline with daily close above trend line
Bitcoin (BTC) posted a daily candle close above a key downtrend for the first time since mid-August, signaling a possible end to two weeks of losses. Traders and analysts are watching for confirmation that the correction is behind BTC after the market reclaimed this important technical level. Early bullish signals, including an RSI bullish divergence, accompanied the rebound from multiweek lows near $107,270.
Breakout confirmation and trader caution
While some analysts argue that a daily close above the downtrend — plus a successful retest — would confirm the breakout, sentiment is mixed. Notable analyst Rekt Capital highlighted the significance of the daily close and the need for a post-breakout retest to validate the move. The broader retracement from August’s all-time highs is now being tested on the daily timeframe.
$112,000 resistance and liquidation zones
At the time of writing BTC hovered around $111,000 ahead of major U.S. macro prints. Many traders have flagged the $112,000 area as a key resistance flip and a zone with concentrated ask liquidity on exchange order books. CoinGlass data and on-chain order book observations suggest liquidations could cluster above 112–112.4K, with some traders marking $114,000 as another critical level to watch for potential short-squeeze activity.
Traders still vary in outlook: some expect further upside if breakout is confirmed, while others remain cautious and warn of retests toward the $100,000 area. Risk management and monitoring liquidity, RSI behavior, and macro catalysts remain essential for trading Bitcoin during this pivotal moment for the market.
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