Following a turbulent weekend, Bitcoin demonstrates signs of stability as it rebounds from a significant market sell-off.
Current BTC Price Scenario
Bitcoin is currently trading around $109,755, maintaining modest gains after Sunday’s sharp drop. The flash crash was triggered by a significant sale of 24,000 BTC, resulting in over $550 million in liquidations. Despite the chaos, BTC quickly rebounded above $109K and is now consolidating. Key short-term resistance lies between $113K and $115K, while the next major barrier is near $118K–$120K.
Bitcoin Price Prediction: Upside Outlook
Bitcoin’s ability to stabilize above $110K is interpreted as a show of resilience by market participants. If BTC can build momentum and break through the $113K–$115K zone, the next upside target is $116K–$118K. Projections also indicate that if Bitcoin can convincingly reclaim $120K, it may re-enter a broader bullish channel, potentially retesting the all-time high near $124K.
Bitcoin Price Prediction: Downside Risks
While the market bias is leaning bullish, risks remain. A drop below $110K could trigger fresh selling pressure, pushing BTC back toward $108K. Whale activity continues to present a wildcard, with large sell-offs capable of sparking further liquidations.
Overall, the Bitcoin price prediction remains cautiously optimistic. The strong recovery after Sunday’s flash crash indicates that buyers are still active and willing to defend support levels. If momentum continues, Bitcoin could be on track to test the $120K mark in the coming days.
