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 Platform
Leverage 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 as anticipated. Now watching for buying pressure to form the right shoulder before a breakout to $130,000! pic.twitter.com/CQQVuHHaYd
— Ali (@ali_charts) September 22, 2025
Ali Charts noted the left shoulder developed in late August, the head near $107,200, and the right shoulder near $113,600. The neckline remained at $117,952, serving as the definitive breakout threshold. Short-term momentum will hinge on whether the right shoulder consolidates or washes lower.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Fibonacci retracement levels act as reference points for probable support and resistance. Current levels place critical support near $113,677 (0.618), with additional supports at $111,266 and $109,673. Traders use these zones for entry, stop placement and potential bounce targets.
Analyst projections include measured moves to $129,740 after a confirmed breakout. Volume-backed accumulation and higher lows increase the probability of a technical continuation, though macro catalysts will influence timing and strength.
CoinMarketCap data indicated Bitcoin trading near $112,620 with a month-over-month decline of ~2.4% and market capitalization near $2.24 trillion. Twenty-four hour volume showed a notable rise to roughly $54 billion, highlighting intraday liquidity.
Historical seasonality — often called “Uptober” — has seen positive October performance in 10 of the last 12 years, including gains of 48% in 2017 and 40% in 2021. Analysts referenced that a repeat, combined with dovish rate-cut expectations, could drive extended targets near $165,000 from current levels.
‘
];
var adplace = document.getElementById(“ads-htx”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex;
adplace.innerHTML = adscodesHtx[adsindex];
sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexHtx”, sessperindex);
}
})();