After a volatile weekend, Bitcoin's price has stabilized around $111,000. Analysts discuss forecasts for the coming days considering key support and resistance levels.
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. These fluctuations reflect attempts at recovery following last week's dramatic drop. The sell-off was triggered by a massive transaction of 24,000 BTC, leading to over $900 million in liquidations. The $110K level has emerged as crucial, and holding above this can signal readiness for recovery.
Bitcoin Price Prediction: Upside Outlook
Proponents of a bullish scenario argue that recovering above $111K is an early sign of stabilization. If BTC can break above $113K–$115K, the path clears for a move towards $116K–$118K. Steady demand from institutional investors underpins optimistic forecasts. Expectations of $120K as the next psychological milestone are realistic if buyers maintain their momentum.
Bitcoin Price Prediction: Downside Risks
The bearish scenario focuses on Bitcoin's struggles to break resistance. Should BTC slip back below $110K, the next critical test will be at $108K. A drop under $108K could trigger renewed selling pressure, pushing the price to $105K or even $100K if conditions worsen. Macroeconomic factors and whale activities remain significant risks.
The overall outlook for Bitcoin remains cautiously optimistic. With reduced leverage and sustained ETF flows, BTC is expected to gradually recover lost ground, provided the $110K support holds.
