Bitcoin is steadying after a volatile weekend that shook out leveraged traders and left the market questioning whether support at $110K can hold.
Following Sunday’s whale-driven flash crash, Bitcoin (BTC) price is once again consolidating near $111,000, and traders are debating whether a rebound toward the $116K–$120K zone is in play.
- Bitcoin is stabilizing near $111K after a whale-driven flash crash wiped out over $900M in leveraged longs, with $110K emerging as the key support zone.
- Upside case: A breakout above $113K–$115K could drive BTC toward $116K–$120K, supported by ETF inflows and reduced leverage.
- Downside risk: Failure to hold $110K exposes BTC to $108K and potentially $105K, keeping volatility and whale activity in focus.
Table of Contents
Current BTC price scenario
At the time of writing, Bitcoin trades near $111,013, with an intraday high of $112,346 and a low of $109,493. This range reflects both attempts at recovery and persistent selling pressure that followed last week’s dramatic move lower.
The sell-off was triggered by a massive 24,000 BTC transaction, worth more than $2.6 billion, that sparked more than $900 million in liquidations across leveraged long positions. While these wipeouts rattled sentiment, they also flushed out excessive leverage that had been building across exchanges.
For now, $110K remains the key line in the sand. A sustained hold above this level would signal resilience, while a failure could open the door to a deeper pullback. Resistance sits between $113K and $115K, with the next major upside barrier at $118K–$120K.
Bitcoin price prediction: Upside outlook
Bulls argue that Bitcoin’s recovery back above $111K is an early sign of stabilization. If BTC can reclaim $113K–$115K, the path clears for a move toward $116K–$118K in the near term.
Institutional demand continues to underpin the BTC price forecast. Spot Bitcoin ETFs have absorbed steady inflows, even during volatility, suggesting that long-term holders are not easily shaken out by short-term swings. In addition, dovish signals from the Federal Reserve have boosted risk sentiment across markets, which could aid Bitcoin’s rebound.
Some analysts see projections of $120K as the next psychological milestone, with the potential to retest all-time highs if buyers maintain momentum. The expectation is that reduced leverage and healthier positioning will allow BTC to move higher in a more sustainable way than before the crash.
Bitcoin price prediction: Downside risks
The bearish case focuses on Bitcoin’s failure to break through resistance so far. If BTC slips back below $110K, support at $108K becomes the next critical test. A drop under $108K could trigger renewed selling pressure, pushing price toward $105K or even $100K if conditions worsen.
Macro factors also present risks. Any hawkish pivot from the Fed or renewed dollar strength could weigh heavily on Bitcoin. Whale activity remains another wildcard: large holders moving coins to exchanges can quickly destabilize markets and reignite liquidation cascades.
BTC price prediction based on current levels
In the short term, Bitcoin’s key range is between $108K and $115K. A breakout above $115K would signal bullish continuation and set up a rally toward $118K–$120K. A breakdown below $108K, however, would shift the projection toward $105K or lower, with bearish sentiment likely to accelerate.
The overall Bitcoin outlook remains cautiously optimistic. With leverage reduced and ETF flows intact, the expectation is that BTC may gradually recover lost ground, provided $110K support holds. If buyers can defend this level, the next few sessions could see Bitcoin inching closer to $116K–$120K, restoring confidence after last weekend’s flash crash.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
