Three Bitcoin charts to watch after BTC price’s flash crash to $103K

3 hours ago

Key takeaways:

Bitcoin’s broader uptrend and on-chain information suggest the marketplace remains successful an enlargement phase.
Strong dip-buying by “sharks,” and cardinal trendline enactment constituent to different BTC rebound.

Bitcoin (BTC) attempted to retrieve a time aft traders witnessed the biggest single-day wipeout connected record, with implicit $5.39 cardinal successful leveraged positions liquidated successful 24 hours, which is doubly arsenic ample arsenic the “COVID-19 crash” successful 2020.

As of Saturday, BTC’s terms had rebounded by 8.50% aft dropping to its section debased astatine astir $103,000. At the clip of writing, it remains down 11% from its grounds precocious of $126,300, acceptable earlier successful the week.

Can Bitcoin’s betterment widen further? These 3 charts bespeak favorable method conditions for a imaginable rally successful the coming days oregon weeks.

Bitcoin uptrend unfazed by $5.39 cardinal wipeout

Bitcoin’s latest correction whitethorn look melodramatic connected little timeframes, but zooming retired reveals it’s really milder than respective past pullbacks.

On the play chart, BTC has dropped little than 10% truthful far, notably little than the 14–15% dips seen successful March 2025 and July 2024, some of which were followed by beardown rebounds.

Bitcoin’s terms remains good wrong its ascending channel, a bullish operation that has guided its uptrend since mid-2023.

Buyers person stepped successful each clip BTC has tested the little bound of this channel, sparking caller rallies toward the precocious range.

The cardinal level to ticker present is the 20-week moving mean (20-week MA) adjacent $111,000, according to expert Michaël van de Poppe.

Bitcoin holding supra the 20-week MA enactment could people a last capitulation phase, akin to the COVID-19 crash and the FTX bottom.

That would acceptable the signifier for the adjacent large BTC uptrend to begin, with a $140,000-150,000 people for year’s end.

BTC sharks bargain the dip

While galore smaller traders were forced retired during the $5.39 cardinal liquidation connected Friday, medium-sized holders, besides known arsenic “sharks,” bought the dip aggressively.

The regular Shark Net Position Change, which tracks wallets holding betwixt 100 and 1,000 BTC, has surged to 190,296, its highest level since September 2012, according to Glassnode data.

Additionally, the Bitcoin proviso held by the aforesaid cohort has grown exponentially successful 2025, reaching a caller grounds precocious connected Friday contempt the terms drop. This suggests that determination is little panic among the much experienced investors.

The question of buying by these larger entities could laic the groundwork for Bitcoin’s adjacent large betterment if this inclination continues.

Bitcoin Bollinger Bands inactive “squeezing”

Bitcoin’s Friday correction could beryllium a mid-cycle cooldown alternatively than the commencement of a agelong carnivore market, according to chartist The Great Mattsby.

Every past Bitcoin bull tally ended lone aft its monthly Bollinger Bands, a volatility indicator, had afloat expanded, arsenic shown successful the illustration below.

These bands widen erstwhile marketplace swings summation and declaration erstwhile terms question slows.

In erstwhile bull cycles, including 2013, 2018, and 2021, Bitcoin peaked precisely erstwhile those monthly bands stretched acold apart, signaling overheated volatility.

Currently, however, these bands are inactive narrowing, oregon “squeezing,” which whitethorn precede further terms rallies if past is immoderate indication.

The Great Mattsby said:

Using past arsenic our usher carnivore markets dont commencement erstwhile the monthly Bollinger Bands are inactive squeezing. They commencement astatine the extremity of their expansion

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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