Bitcoin is showing strong signs of recovery after one of its sharpest weekly corrections this year, with analysts highlighting key technical levels that could define the next phase of the market.
Traders Watch $112K Support and $120K Resistance
Crypto analyst Michaël van de Poppe believes the recent pullback has cleared weak hands and set the stage for a renewed push higher. He identified $112,000 as a crucial support zone to hold and $120,000 as the key resistance area that must break to confirm upward momentum.
“Bitcoin is bouncing back firmly,” van de Poppe said. “I think we’ll see a new all-time high soon, the bear market hasn’t started yet, in my opinion.”
#Bitcoin bouncing back firmly.
I think we'll see a new ATH really soon.
The bear market hasn't started, in my opinion.
Crucial resistance to break? The area around $120K should break in order to have momentum upwards.
Area to hold is the area at $112K. pic.twitter.com/6EEJVXDNzu
— Michaël van de Poppe (@CryptoMichNL) October 13, 2025
CME Gaps Offer Market Insight
Analyst Rekt Capital noted that Bitcoin recently revisited a weekly CME gap between $109,700 and $111,310, a price range that often acts as a magnet for price action. After briefly filling that gap, a new CME gap has now formed between $115,690 and $116,865, suggesting a zone to watch for potential volatility.
According to Rekt Capital, these gaps, left by the difference between CME Futures closing and reopening prices, often indicate regions where institutional traders expect rebalancing or renewed liquidity.
A new Weekly CME Gap between $115690 and $116865 has developed (green circle)$BTC #Crypto #Bitcoin https://t.co/vu1nCGuXCE pic.twitter.com/AeHYG1lU5X
— Rekt Capital (@rektcapital) October 13, 2025
Momentum Builds for Bitcoin’s Next Leg Up
At the time of writing, Bitcoin has rebounded above $115,000, consolidating after filling its previous gap. Market sentiment appears to be shifting back toward optimism as on-chain data shows declining selling pressure and renewed accumulation from large holders.
If Bitcoin manages to decisively clear the $120K resistance, analysts say it could pave the way for a retest of its all-time highs, and potentially signal the start of a new phase in the 2025 bull cycle.
