Bitcoin shows signs of stability after a turbulent weekend where whales-driven sellouts rattle the market.
The largest cryptocurrency has returned to the $111,000-$112,000 range after the flash crash on Sunday fell below $110,000. Traders are asking if Bitcoin (BTC) is preparing to rebound to $120,000. Let’s dive into today’s Bitcoin price predictions.
summary
- Bitcoin trades nearly $109,755 after Sunday’s whale-powered flash crash, with Intraday moving between $108,951 and $112,820 with increased volatility.
- Upside Case: BTC can retest $113K-$115,000 after over $110K, with momentum and ETF inflows forecasting from $116K-$120,000.
- Disadvantage risk: Support is publishing support for $108,000 as another drop below $110K is stably threatened with whale activity and macro volatility.
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Current BTC price scenario
Bitcoin is currently trading at around $109,755 and holds a small profit after Sunday’s lower violence. The flash crash was caused by a massive 24,000 BTC sales worth more than $2.6 billion.
Bitcoin 1D Chart | Site: crypto.news
Despite the chaos, BTC quickly rebounded over $109,000 and is now consolidated. The main short-term resistance lies between $113K and $115,000, with the next major barriers lying between $118,000 and nearly $120,000.
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On the downside of Bitcoin price forecasts today, support has secured around $110,000, with $108K emerging as the Bulls’ deeper safety net.
Bitcoin price forecast: upward outlook
Bitcoin’s capabilities exceeding $110,000 are interpreted as a show of resilience by market participants. If BTC gains momentum and is able to break through the $113K-115,000 zone, the next upward target is $116K-118K. From there, analysts argue that a clean gathering to $120K is possible if emotions improve.
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Institutional demand continues to play a major role in BTC price forecasting. Spot Bitcoin ETFs absorb stable inflows and despite short-term volatility, large funds maintain their long-term accumulation strategy. This background provides a fundamental tailwind that reinforces bullish cases.
In addition, forecasts have been further expanded. If Bitcoin can convincingly recapture $120,000, it could eventually re-enter a wider bullish channel that could retest the all-time high of nearly $124,000. For now, we hope that $120,000 will be on the lookout for immediate psychological barrier traders.
Bitcoin price forecast: drawback risk
Market bias is bullish, but risk remains. Another DIP below $110k could lead to fresh sales pressure and push BTC back to $100,000. Whale activity continues to be a wild card, with massive sellouts capable of causing another round of liquidation.
Macro conditions are also important. New fears of inflation and hawkish Federal Reserve stances will wobble global markets, and Bitcoin could struggle to maintain support despite the influx of ETFs. But for now, the combination of Dovish Fed sentiment and institutional adoption has helped limit the damage caused by a weekend crash.
BTC price forecast based on current levels
The main range of Bitcoin for the near term is between $110,000 and $115,000. A breakout over $115K would probably open the door to $118K-120,000, but because they couldn’t hold $110K, the projection shifts to $108,000.
Overall, Bitcoin price forecasts or BTC outlook are cautiously optimistic. What is expected is that a strong BTC recovery after Sunday’s flash crash shows that buyers are still active and willing to defend their support. If momentum continues, Bitcoin can get back on track to test its $120,000 mark in the coming days.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
