Technical analysis by ScottMelker about Symbol BTC on 8/28/2025

Bitcoin closed yesterday back under the key $112K level – confirming it as resistance. But midway through today’s session, BTC is trading near $113K – a sharp intraday recovery that puts the reclaim scenario back on the table. This makes $112K the clear pivot to watch. If today’s candle can close above it, that would mark a proper reclaim and strengthen the case for another push toward the range high near $123K. Failure to hold above $112K, however, would keep price stuck in chop – and put the $108K–$110K demand zone back in play. The bigger picture hasn’t changed – $112K is the battleground. Bulls need a daily close above it to confirm momentum, while bears will want to see this level act as a ceiling again. Until then, expect volatility around this line in the sand.