The post Bitcoin Could Target $130K If It Clears $117,952 Neckline After Holding Near $112K appeared on BitcoinEthereumNews.com.

Bitcoin technical analysis shows a head-and-shoulders reversal with a neckline at $117,952; holding support near $112K is critical. A clear close above $117,952 would target $121K–$130K extensions, while failure below $109K risks deeper consolidation. Key breakout level: $117,952 Support cluster at $113K–$112K defined by Fibonacci retracements Seasonal “Uptober” history and rate-cut expectations raise upside scenarios toward $165K Bitcoin technical analysis: head-and-shoulders with $117,952 as the key breakout — monitor $112K support for a potential rally; read latest setup and targets. What is Bitcoin’s current technical setup? Bitcoin technical analysis currently shows a completed head-and-shoulders structure with the neckline at $117,952 and key supports between $111,000 and $113,700. Price recently retraced to ~$112,000 and is testing accumulation; a decisive move above the neckline would open measured targets up to ~$130,000. How could a breakout above $117,952 affect Bitcoin price? A sustained close above $117,952 would validate the head-and-shoulders breakout and project extension targets at $121,048, $122,096, $125,104, $127,132 and a measured target near $129,740. Fibonacci extensions and prior resistance zones suggest a stepwise rally rather than a single impulse. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Fibonacci retracements identify support levels at $113,677 (0.618), $111,266 and $109,673. Volume patterns show accumulation, with higher lows from $107,200 indicating improving bid structure. Analysts reference these technical levels when sizing risk and reward for potential long entries. Bitcoin $BTC retraced to $112,000…

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Filed under: News - @ September 23, 2025 1:24 am