Technical analysis by ScottMelker about Symbol BTC on 9/8/2025

Bitcoin closed just below $112,000 yesterday, once again reinforcing that this level is the key resistance to watch. The market has struggled here repeatedly, with sellers stepping in every time price presses into this zone. That failure to close convincingly above $112K keeps the short-term picture cautious and suggests bulls still have work to do. The broader structure remains tricky. Since mid-August, each rally attempt has topped out lower than the last, raising the possibility that Bitcoin is putting in yet another lower high. If that pattern holds, the next logical move would be a retest of the $108,000 support zone — an area that has already seen multiple tests but continues to provide a reliable floor. Right now, Bitcoin is trapped in a tight range between $108K and $112K. A breakout above resistance could finally shift momentum back toward the $115K–$117K zone, but another rejection here would keep the consolidation in play and increase pressure on that $108K support. In short — yesterday’s close below $112K shows bulls haven’t won the battle yet. Until this level is broken with conviction, the risk of another lower high remains firmly on the table.