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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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🚀# Bitcoin Rebounds Above $112K # Bulls Back in Action?
After slipping below $108,000 earlier this week, #Bitcoin has made a sharp rebound, climbing close to $112,700.
Analysts point out that the move came right after a decline in gold and silver prices and softer U.S. inflation data, giving traders confidence to re-enter risk assets.
💡 Key Highlights:
BTC surged from $108K to above $112K within hours.
$112K acts as a major resistance zone — a clean breakout above it could open the path toward $118K and beyond.
On-chain metrics suggest growing institutional inflows and renewed ETF demand.
Failure to hold above $112K may lead to short-term consolidation around $109K–$111K.
📊 Market Sentiment:
Optimism is returning, but traders are watching whether BTC can close above $112K on the daily or weekly chart to confirm the bullish breakout.