Bitcoin Retests Bull Market Support Band Near $112K as Bulls Defend Trend; Close Above $116K–$118K Could Confirm

• Bitcoin retesting the Bull Market Support Band near $112K

• Band comprises the 20-week SMA and 21-week EMA and remains upward sloping.

• Weekly close above $116K–$118K confirms trend; $105K–$106K is next robust support.

Bitcoin Bull Market Support Band retest near $112K — watch weekly close above $116K–$118K for trend confirmation. Read analysis and key levels. — COINOTAG

What is the Bitcoin Bull Market Support Band?

The Bitcoin Bull Market Support Band is a dynamic support zone defined by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA). It signals high-timeframe momentum and, when respected, confirms continuation of the bullish macro trend.

How is the band behaving in the current weekly candle?

The band currently stretches between $109,671 and $111,967 while Bitcoin trades at approximately $112,036 as the weekly candle develops. Price briefly wicked into the band, signaling a fresh retest and active buyer defense in this zone.

How has the band acted in recent months?

In March and June 2025, Bitcoin tested this support band and rebounded, reinforcing its structural importance. Each interaction has seen aggressive buying, preventing a weekly close decisively beneath the band and preserving the bullish slope.

How should traders read weekly closes and critical levels?

A weekly close above $116,000–$118,000 would confirm trend continuation and likely accelerate upside momentum. Conversely, a weekly close below $109,500 would mark the first close under the band since late 2024 and elevate the $105,000–$106,000 range as the next structural support zone.

What indicators can confirm a structural shift?

Market participants should monitor momentum indicators such as RSI and MACD for divergence or loss of bullish momentum. Persistent lower highs after the $125,000 peak merit attention, but the upward slope of the band remains a primary bull signal while intact.

Frequently Asked Questions

What defines the Bull Market Support Band?

The band is defined by the 20-week SMA and 21-week EMA acting together as a dynamic support zone on Bitcoin’s weekly chart. It reflects high-timeframe momentum and is used to identify trend health and potential buying zones.

When would the band signal a bear regime?

A sustained weekly close below the band, especially beneath $109,500 and failing to reclaim it on the next weekly candle, would suggest a material shift toward a bearish market structure for the high timeframe.

Key Takeaways

• Band location: Near $109,671–$111,967; Bitcoin trading ~ $112,036.
• Confirmation level: Weekly close above $116K–$118K confirms trend continuation.
• Risk level: Weekly close below $109,500 points to $105K–$106K as next support.

Conclusion

Bitcoin’s retest of the Bull Market Support Band near $112K is a critical macro event. Bulls have defended this zone historically, and a decisive weekly close will clarify the next directional phase. Monitor weekly closes and momentum indicators, and follow COINOTAG for ongoing analysis and updates.