According to @CryptoMichNL, BTC has been pushed back beneath the 20-week moving average, which he calls a crucial level, with repeated rejections underscoring its importance (source: @CryptoMichNL on X, Sep 8, 2025). He also highlights $112,000 as a key price level to watch alongside the 20-week MA for trend confirmation (source: @CryptoMichNL on X, Sep 8, 2025). He notes that if BTC cannot reclaim the 20-week MA before the CPI release, another test of the recent lows followed by a reversal higher is his base case (source: @CryptoMichNL on X, Sep 8, 2025).