Bitcoin remains range-bound at $112K, experts say market looks for hints on further rate cuts

Synopsis

Bitcoin is range-bound at $112,218, while Ethereum trades around $4,140, awaiting cues on potential rate cuts. Optimism is fueled by new wallets accumulating 73,702 BTC, and social media buzz suggests fresh liquidity. Analysts indicate a macro bullish structure with room for upward momentum, but caution that Bitcoin needs to hold above $114,000 with genuine spot demand for a durable shift.

Bitcoin remained range-bound at $112,218 on Wednesday, while Ethereum traded around $4,140. Experts note that BTC is oscillating between $112K–$113K as the market seeks cues on potential rate cuts. With Powell’s speech leaning slightly hawkish, the core PCE data due Friday could influence sentiment going forward.

“On-chain data shows optimism, with 73,702 BTC accumulated by new wallets in the past month. Social media mentions of ‘buy the dip’ have also spiked, suggesting fresh liquidity could enter the market. If bulls defend the $112,000 level, Bitcoin could target $114,800, with $111,200 providing immediate support,” said Edul Patel, CEO of Mudrex.

Also Read | Technology sector based mutual funds lose 4% in 1 year. Will Trump’s H1-B visa policy add more pressure?

Commenting on the technical aspect, another analyst says that BTC is consolidating around $112,000, trading above key moving averages (50, 100, and 200-day), indicating a macro bullish structure.
Crypto TrackerTOP COINS (₹) BNB89,999 (2.7%)Bitcoin9,996,905 (-0.02%)Ethereum370,328 (-0.34%)XRP254 (-0.46%)Solana18,641 (-3.36%)
“RSI is neutral (~55–60), suggesting room for upward momentum. MACD shows a weak bullish crossover, supporting gradual price recovery. Immediate support lies at $110,200 (horizontal + fib 0.382), while resistance sits at $118,500–$120,000 (multi-month top + psychological level). A breakout above $120K on volume could target $127,800 (fib extension). If rejected, expect a pullback to $105,000. Bollinger Bands are tightening, signaling a potential volatility expansion,” said Sathvik Vishwanath, Co-Founder & CEO, Unocoin.

Did you Know?

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

View Details »

Live Events

At 10:07 AM IST, Bitcoin was trading at $112,196 on Wednesday. BTC has gone up marginally by 0.04% over the past 24 hours and down by nearly 3.50% over the past week. Ethereum, meanwhile, was at $4,150, falling 0.49% in the past 24 hours and down by 7.46% over the last seven days.

According to data, the crypto sector’s overall market capitalisation stood at around $3.84 trillion on Wednesday.

Expert view

Vikram Subburaj, CEO, Giottus.com

Bitcoin’s bounce off $112,000 has drawn in dip-buyers across retail and whales, but the structure remains fragile. Order-book pressure is easing, yet cumulative volume delta still leans bearish, keeping the market vulnerable to another flush. Heatmaps show a dense liquidation pocket near $110,000. If this acts as a trigger, there could be a downside toward $108,000.

Also Read | Jio BlackRock Mutual Fund launches first active equity fund. Should you invest?

It looks like this move is still perp-driven: spot flows are muted and open interest is simply rotating between ~$46B and ~$53B without conviction. That keeps rallies capped and leaves leverage steering intraday swings. For a durable shift, BTC needs to reclaim and hold above $114,000 with genuine spot demand. If that is absent, the path of least resistance is a liquidity sweep into the $110,000–$106,000 band before any sustained upside.
Add as a Reliable and Trusted News Source Add Now!

Source