Bitcoin Reclaims $112K as Bull Market Optimism Returns

Bitcoin has staged a significant recovery, surging to a four-day high of $112,350 during early Monday trading and reclaiming all of last week’s losses. The world’s leading cryptocurrency now sits at a crucial support-turned-resistance zone that market technicians believe must be cleared soon for the bull market to resume its upward trajectory. The depth of the September correction currently stands at 13%, representing the asset’s decline earlier this month, though the most recent retreat only saw BTC decline to just below $109,000 late last week.

Technical analyst ‘Tara’ has identified key Fibonacci retracement levels, with the first being reached in Monday’s upward move and the second target sitting at $114,300 following any potential pullback. The Bitcoin Fear and Greed Index has also returned to neutral territory at 50 after spending the previous week in fear, indicating a notable shift in market sentiment. This technical recovery comes as Bitcoin closed its weekly candle above the bull market support band, a pattern that ITC Crypto founder Benjamin Cowen observed was similar to September 2020, when the market experienced two weeks up followed by two weeks down.

Despite recent volatility, prominent analysts across the cryptocurrency space maintain strong conviction in Bitcoin’s ongoing bull market. Stock-to-flow model creator ‘PlanB’ stated unequivocally on Sunday that ‘the Bitcoin bull market has not ended and will continue,’ though he acknowledged uncertainty about the ultimate price target and timeline. The influential analyst pointed to what he calls the ‘point of no return’ that occurred in June 2025, drawing parallels to similar inflection points in October 2020, February 2017, and January 2013 during previous cycles.

Analyst ‘Zynx’ offered an even more optimistic perspective, noting that ‘we’re barely in a Bitcoin bull market, to be honest.’ They highlighted that every cycle since Bitcoin’s inception has seen the cryptocurrency at least double its price in gold terms, usually achieving much more. ‘I would say that $300k is becoming increasingly likely,’ Zynx added. ‘It’s impossible to give a timeframe, but I’m expecting $151k to be crossed within the next 6 months.’ This sentiment was echoed by 50T Funds co-founder Dan Tapiero, who emphasized that the ‘bull market in Bitcoin has not started yet,’ pointing out that Bitcoin remains at the same price in gold terms as five years ago.

Ethereum has mirrored Bitcoin’s bullish momentum, reclaiming the psychological $4,000 level on Monday morning and demonstrating renewed strength across cryptocurrency markets. Investor Ted Pillows expressed confidence in Ethereum’s long-term prospects despite expecting ongoing corrections. ‘I’m not long-term bearish on ETH,’ Pillows stated, noting that the asset has rallied almost 250% from its bottom. ‘I think the Ethereum correction will be over in a few weeks. After that, ETH will rally above $10,000.’

The recovery was particularly notable as Ethereum’s weekly candle closed back above previous cycle highs, as observed by ‘Daan Crypto Trades.’ The analyst noted this achievement came ‘after a solid effort by the bulls and a late Sunday push,’ expressing pleasant surprise at the strength of the recovery. Daan emphasized the importance of maintaining this level on higher timeframes for the bullish momentum to sustain. The synchronized recovery between Bitcoin and Ethereum, combined with the Fear and Greed Index returning to neutral, suggests broader market confidence is rebuilding after the September correction.