Bitcoin: The Key Buying Level Near $112K Liquidity Zone

[FxNews]

FenzoFx—GBP/USD broke below the ascending trendline and currently trades slightly below the VWAP at $1.322. Immediate resistance is at $1.357. From a technical perspective, the downtrend will likely extend to $1.313 if this level holds.


The bearish outlook should be invalidated if GBP/USD closes and stabilizes above $1.357.

[FxNews]

FenzoFx—Gold's decline reached the ascending trendline near $3,314.0. The bullish trend remains intact while price holds above the trendline.

Immediate resistance is $3,348.0, and a close above this level could lift the market toward $3,389.0 and potentially $3,451.0, aligning with recent higher-lows.

[FxNews]

FenzoFx—XRP remains bearish, trading below the 50-period daily SMA at around $3.18. The SMA acts as resistance. Immediate support lies at $2.96. A break below this level may trigger further downside toward the $2.66 demand zone.


On the upside, a close and stabilization above $3.27 would invalidate the bearish outlook. In that case, momentum could push prices toward the previous highs at $3.65.

[FxNews]

FenzoFx—Bitcoin consolidation extended into the bullish FVG, trading near $115,470.0. The 4-hour chart shows an indecisive candle, while the 200-day MA points upward, signaling bullish control. This dip may attract bids to join the broader uptrend.


The bullish outlook remains intact if price holds above the critical $112,000.0 support. However, current bearish momentum may drag price toward this level, potentially filling nearby FVGs.


Traders should monitor $112,000.0 for bullish setups, including break of structure and long-wick bullish candles.