Watch These Bitcoin Price Triggers as Price Dips to $112,000

Bitcoin (BTC) spooks the market into the final week of September with a return to $112,000.

• Bitcoin price action leaves much to be desired as traders forecast a retest of support closer to $100,000 next.

• The dip liquidates over $1 billion of crypto longs in the largest single liquidation event of the year so far.

• The Federal Reserve and Chair Jerome Powell are still on traders’ radar with fresh inflation data due.

• Promises of a major announcement regarding Bitcoin from the US political establishment start circulating online.

• Profitability data follows previous bull markets as “pre-euphoria” hints at an upcoming bull market top.

Bitcoin price divides traders on support test

Bitcoin is already giving traders a run for their money as the last full week of September begins.

After a flat weekend, BTC price action flipped volatile with a snap dive to $112,000, data from Cointelegraph Markets Pro and TradingView shows.

Traders were split on the significance of the move. Some warned of further losses, while others eyed a rebound to new local highs after a downside fakeout.

“Key level being retested – after reclaiming it at the start of the month,” popular trader Jelle reacted in a post on X.

“Hold the higher low here, and $BTC likely pushes for $120,000 next.”

Jelle described the support retest at $112,000 as “very clean” while demanding a return to $116,000.

Very clean retest for #Bitcoin so far.

Want to see price back in the $116k region ASAP – reclaiming $118k remains the key objective.

Until then, no reason to panic while Bitcoin moves around in the same range. pic.twitter.com/W4S9qj7H5K

— Jelle (@CryptoJelleNL) September 22, 2025

Among those seeing the dip as the start of a broader correction was fellow trader Captain Faibik.

“I already warned back in August that buyers would get trapped & exactly that happened. Late buyers got trapped, & since then #Bitcoin has dropped -13%,” part of an X post stated. 

“From here, I’m expecting another bearish leg that could drag BTC down toward the $100k zone.”

An accompanying chart showed a breakdown of a rising wedge structure on the BTC/USD daily chart.

Popular crypto commentator WhalePanda, meanwhile, remained in dismay at BTC price weakness in the face of both gold and US stock markets hitting fresh all-time highs last week.

“This last week we had $890 million of net inflows from ETFs and Saylor bought more,” he argued, referring to the US spot Bitcoin exchange traded funds and business intelligence company Strategy’s Bitcoin treasury.

“Bitcoin is flat on the weekly, with a rate cut, and all other assets, stock indexes, gold, etc, closing a very green week. Almost seems like there are more than 21 million BTC in circulation.”

Liquidations set a bearish 2025 record

It may have bottomed out at $112,000 after reaching “only” 2.8%, but the overnight dip on BTC/USD took an usually large toll on traders.

Leverage was in the spotlight Monday as around $3,000 of BTC price downside delivered over $1 billion in crypto liquidations.

Data from monitoring resource CoinGlass puts the liquidation figure at $1.7 billion in 24 hours at the time of writing, with longs making up $1.62 billion.

“The biggest long liquidation so far this year,” CoinGlass confirmed to X followers.

Onchain analytics platform Glassnode revealed that longs were especially vulnerable in the $113,000 area.

$BTC saw over $100M in long liquidations as price dropped below $115k, triggering clustered liquidation levels.
Heatmap data highlights concentrations around $113k–$114k, showing where leverage was most vulnerable.

🔗https://t.co/kizdWyZQ6n pic.twitter.com/fCwAHB1nRg

— glassnode (@glassnode) September 22, 2025

Reacting, popular trader Daan Crypto Trades noted that a chunk of open interest worth $2 billion had been erased as a result.

“A big wipe out across the board. Now we wait and look for strength within the chaos,” he concluded.

Looking ahead, some market participants see conditions worsening before a market recovery. 

Among them is Crypto investor and entrepreneur Ted Pillows, who warned that BTC price would target a large block of bid liquidity before the move.

“$BTC has over $2,000,000,000 in long liquidations between the $106,000 and $108,000 level,” he predicted.

“A sweep of this level seems highly likely in the coming weeks before any big upward move.”

Markets eye Fed’s Powell in PCE week

The Federal Reserve’s “preferred” inflation gauge is due for release again this week as markets bet on fresh interest-rate cuts.

The Personal Consumption Expenditures (PCE) index print for August will round off several days of insight from Fed officials.

This includes a…