Bitcoin Eyes $ 120K If the weekly closure is maintained above $ 114k

TL; Dr.

• Bitcoin bounces from $ 107k minimum, testing $ 114K as bulls hears a break towards $ 120k.
• Liquidations about $ 115k fed an impulse up, cleaning resistance and increased short -term bullish perspective.
• Short -term holders make losses, but institutional demand suggests that the broader trend remains strongly optimistic.

Bitcoin tests a $ 114k level again

Bitcoin has recovered last week or so after reaching a minimum of about $ 107,000 earlier this month. That area marked the end of its measured movement, and the price has retreated above $ 114,000, quoting about $ 115,000.

The Rekt Capital analyst said:

“Bitcoin is now in dispute for a claim of the level of $ 114k (black) again in support. The weekly closure above $ 114K would trigger a bullish bias and resinchronization with the range of $ 114K– $ 120K”.

The level of $ 114,000 has acted as resistance in recent weeks. Staying on him at the weekly closure would open towards the range of $ 114,000 – $ 120,000.

Rekt Capital said that Bitcoin “needs to be kept above ~ $ 114K while heading to the new weekly closure” and should build a cluster around this level, similar to early August.

The TED merchant said $ 117,200 as the next resistance and wrote,

“$ 117,200 is the next important level for Bitcoin and also has a CME gap. If BTC completely claims this level, the doors to the new ATH will open.”

If the failure, Bitcoin could visit recent monthly minimums.

Liquidations drive short -term spike

Glassnode data shows that a wave of short liquidations about $ 115,000 pushed the last increase. The liquidations were activated through the exchanges between 9 and 10 PM UTC and the coincident signals from its hyperlichid heat map.

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Last night, highly grouped short liquidations were activated around $ 115K. $ BTC spike up. The movement was confirmed through exchanges around 9-10 PM UTC, aligning with our new hyperlycide heat map signals. pic.twitter.com/l9z8rs7ecm

– Glassnode (@glassnode) September 12, 2025

The liquidation waterfall added impulse, helping Bitcoin’s general expenses resistance and generate volatility as the week was developed.

Short -term holders realize losses

Cryptoquant data show that short -term holders are making losses again after four months of constant profits. Analyst G AAH said:

“This change is significant, since it indicates a momentary loss of trust by speculators.”

The worn production ratio (SOPR) ratio for short -term holders has been reduced below 1. In the previous cycles, the market peaks were formed when short -term holders reserved great profits, often during periods of extreme greed. This time, these conditions have not appeared, which suggests that the rally has been sustained by larger investors.

If Bitcoin has $ 114,000 at the weekly closure, analysts see the reach of the continuation of $ 120,000 in the short term.