---
title: "Bitcoin Reaches $112,500 as Gold Hits New All-Time Highs"
url: https://diffcoin.com/bitcoin-reaches-112500-as-gold-hits-new-all-time-highs/
description: "Key points:Bitcoin returns to $112,000 as bulls stage a key resistance retest.BTC price action preserves the “bull market support channel” in a classic…"
published: 2025-09-03
updated: 2025-09-03
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Reaches $112,500 as Gold Hits New All-Time Highs

**Key points:**

- Bitcoin returns to $112,000 as bulls stage a key resistance retest.
- BTC price action preserves the “bull market support channel” in a classic dip to support.
- Gold hits new all-time highs as perspectives on Bitcoin praise its status as a macro hedge.

Bitcoin (BTC) tapped $112,500 after Wednesday’s Wall Street open as traders slowly flipped bullish on BTC price action.

*BTC/USD one-hour chart. Source: Cointelegraph/TradingView*

## BTC price punishes shorts with $112,000 rebound

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to win back key support levels.

These included $112,000 itself, which formed the bottom of a large patch of ask liquidity on exchange order books.

Data from CoinGlass showed price taking out a chunk of that liquidity on the day, with the remainder extending to $114,000.

*BTC liquidation heatmap. Source: CoinGlass*

Commenting, popular trader CrypNuevo highlighted the key support battles currently in play.

“This looks like an attempt to reclaim Support 1, which would lead to a move back inside the range,” part of an X post explained.

CrypNuevo noted that there were just two weeks left until a potential bullish risk-asset catalyst entered — an interest-rate cut by the US Federal Reserve on Sept. 17.

The post described this week’s local lows at $107,270 as a “false move,” while fellow trader BitBull flagged a classic bounce at support.

*BTC/USDT one-day chart. Source: CrypNuevo/X*

“$BTC perfectly bounced back from its bull market support band,” he told X followers, referring to a channel formed by two moving averages.

> “This is a sign that bulls are still in control.”

*BTC/USDT one-week chart with bull market support channel. Source: BitBull/X*

As Cointelegraph reported, many market participants remain bearish across multiple timeframes, seeing a retest of $100,000 as soon as this week.

## Bitcoin bull case boosted as gold beats record highs

Regarding macro volatility, trading firm QCP Capital saw the odds in Bitcoin’s favor going forward.

***Related:*** ***BTC vs. ‘very bearish’ gold breakout: 5 things to know in Bitcoin this week***

“Two cuts this year look reasonable, but keep an eye on breakevens, as new tariffs could push expectations higher,” it summarized in its latest “Asia Color” market update.

> “With policy uncertainty lingering, a softer US dollar is more likely so long as global growth holds up. Gold and BTC remain straightforward hedges in this backdrop.”

*Fed target rate probability shifts for September FOMC meeting. Source: CME Group*

Data from CME Group’s FedWatch Tool confirms that market expectations of an interest-rate cut in September are now over 95%.

Gold made fresh all-time highs on Wednesday, hitting $3,567 per ounce.

*XAU/USD one-day chart. Source: Cointelegraph/TradingView*

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

[Source link](https://cointelegraph.com/news/bitcoin-bulls-still-in-control-btc-price-passes-112k-analysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)