29-9-2025 – Bitcoin climbed to $112,000 at the weekly close, recovering from a dip below $109,000, according to CoinGlass data first reported by CoinDesk. Despite the rebound, analysts warn of resistance between $113,500 and $115,000, with a potential correction to $108,000 looming if momentum stalls.
The rally erased $350 million in short-position liquidations in 24 hours, signaling strong bullish sentiment. However, on-chain data from CryptoQuant reveals short-term holders selling at losses near their $109,800 cost basis, while long-term holders remain steady, echoing late-2024 patterns that preceded a major rebound. A CME futures gap from the weekend open could also pull Bitcoin lower, as these gaps often act as price magnets.
Meanwhile, gold’s surge to $3,800 per ounce suggests Bitcoin may follow if monetary easing continues, though analysts note BTC is still pricing in weaker growth expectations. This week’s US jobs data and Federal Reserve commentary are key catalysts, with markets split on deeper rate cuts after September’s 0.25% reduction.
President Trump’s pressure on Fed Chair Jerome Powell adds uncertainty, potentially amplifying volatility as September and Q3 closes approach, with Bitcoin on track for 3% monthly and 4.4% quarterly gains.
