Overview

• Bitcoin trades near $112,300 after a 5.6% weekly drop, keeping price action pinned at a key support zone, according to CoinGecko.
• The 1-hour Bitcoin Futures Composite Sentiment Index flipped back to positive after five days negative, with new inflows and rising open interest cited by on-chain analyst Darkfost.
• CryptoQuant’s Bull Score fell from 70 to 50, signaling a shift to neutral that Julio Moreno says raises downside risk if the gauge softens further.
• BTC sits below the 50-day SMA near $116,158 and is testing the 100-day SMA around $111,224, with a clean break lower exposing the 200-day SMA near $100,597.
• Traders flag a potential rebound toward $114,000–$116,000 if support holds, while a close below the $106,666 band could open the CME gap around $92,700–$92,000 and even $85,000, analysts warn.