Bitcoin is trading at $112,828, down about $1,836 (–1.60%) from its previous close. The intraday high touched $115,948, while the low dipped to $110,099. This range highlights volatility, with Bitcoin grappling near key support zones as participants watch macro cues and liquidity flows closely.For on-demand analysis of any cryptocurrency, join our Telegram channel.BTC Next TargetPrice: $112,828Intraday High / Low: $115,948 / $110,099Circulating Supply: ~19.9 million BTCMax / Total Supply: 21 million BTC(Market cap & volume figure implied from price and supply)After breaking out of Sideways Channel ($108K – $121K), price made a new ATH of $126k but crashed four days later as low as $102K. It’s recovered back to $112K support, which is also close to 200 SMA of $106K (also support). We would be buyers in the $106K-$112K support zone. Notice the long down wick. Those are often re-traced. Long-term, we believe that the FED is likely to continue to cut interest rates in the next 3 months by 50 bps or more, which should be bullish for BTC and altcoins.Buy NowKey Indicators & Market SignalsPrice is hovering near support around $110,000, a level that’s held firm in recent pullbacks.Resistance remains around $115,500–$116,000; breaking above that could reignite upward momentum.The wide intraday swings suggest elevated volatility and indecision among traders.Liquidation events and overleveraged positions could amplify short-term moves.The broader macro backdrop—interest rate expectations, policy signals, and risk appetite—remains a powerful driver.Latest News HighlightsBitcoin retraced today after reaching near $116,000, as some profit-taking set in.Market reaction appears sensitive to global macro updates—especially in equity and bond markets.Analysts are watching whether BTC can hold above support or face a deeper drawdown in coming sessions.SummaryBitcoin is trading at $112,828, navigating between key support at $110,000 and resistance near $116,000. A break above resistance could open the path toward $120,000+, while failure to hold support may lead to further downside. With volatile action and macro forces in play, BTC’s near-term trajectory hinges on how well it maintains its technical structure amid external drivers.For on-demand analysis of any cryptocurrency, join our Telegram channel.Bitfarms Revealed a Net Loss of $142 Million for the Second QuarterU.S. Court Accelerates Sentencing in AirBit Crypto Ponzi Scheme CaseRussia to Allow for the Use of the Digital RubleBelgium’s FSMA orders Binance to stop offering crypto services