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Bitcoin closed the week 4.2 percent higher, breaking a three-week decline and reclaiming the critical $112,500 support level after defending the $107,500 range lows. This rebound from the lower end of the gap marks an important structural recovery, setting the stage for stability into late September and potentially stronger upside momentum in Q4. On-chain data supports this backdrop: the cost-basis distribution heatmap highlights clear dip-buying around $108,000, while supply clusters between $110,000 and $116,000 now define the short-term range. A decisive move above $116,000 would confirm renewed momentum; until then, consolidation remains the base case.