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.
Summary
- 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 $111
Go to Source to See Full Article
Author: Conor Maloney
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
