Bitcoin at a Crossroads: Can Bulls Push Beyond $112K or Will Bears Drag It Back to $108K?

Bitcoin traded at $111,036 on Aug. 27, showing short-term accumulation but facing broader weakness.

Buyers lifted the price from $108,717 to a brief $112,400, yet resistance near $112K capped gains. On lower timeframes, traders watch for a breakout above $112,400 to target $114K–$116K, while failure at this level risks a slide back toward $110K–$108K. The daily chart highlights a steady downtrend with resistance at $116K and $124K.

Technical indicators remain mixed, with weak momentum and bearish moving averages signaling caution. Traders are urged to manage risk tightly as Bitcoin consolidates at a critical level.

Clever Robot News Desk 28^th August 2025