Bitcoin (BTC) is showing early signs of a possible rebound as large holders, often referred to as whales, increase their accumulation of the asset below the $107K level. This activity suggests that a new bullish wave could be on the horizon.
After a brief dip from recent highs, Bitcoin’s price appears to be stabilizing around critical technical support levels. Market analysts are paying close attention to whale wallet activity, the 50-day simple moving average (SMA), and Relative Strength Index (RSI) signals indicating a potential upward reversal towards the $123K mark.
Currently trading near $107,588, Bitcoin remains in a tight consolidation range, according to data from BraveNewCoin. Despite some short-term price volatility, on-chain data indicates that Bitcoin whales, defined as holders with at least 100 BTC, have been steadily accumulating during this recent downturn.
Market analysts interpret this accumulation as a sign of increasing institutional confidence and long-term positioning in anticipation of a significant price move. A pseudonymous trader, operating under the name Crypto King, remarked on X that despite any short-term fluctuations around the $107K mark, Bitcoin is still performing strongly within its long-term trend channel.
Recent data from Glassnode and Bitget shows that more than 16,000 BTC have been added to whale addresses in recent days, reinforcing the sentiment that institutional investors are positioning themselves ahead of a potential bullish leg aiming for the $123K target. Historically, whale accumulation has often preceded essential breakout phases in Bitcoin’s market cycles.
From a technical perspective, key supports are proving robust. The 50-week Simple Moving Average (SMA), currently around $101,700, and an RSI of 45, have historically indicated the transitions between bull and bear markets. Crypto analyst @Crypflow pointed out that every time Bitcoin closed a full candle below this 50-SMA, it marked the end of a bull market. Currently, Bitcoin remains comfortably above these support levels, indicating that the broader bullish macro trend is still intact.
Technical traders are also monitoring Bitcoin’s multi-year ascending trend channel, which has implications for potential resistance around the $120K to $125K range through mid-2026. This structural resilience aligns with the ongoing narrative of whale accumulation, suggesting that Bitcoin’s current phase may be simply a calm before a significant storm.
Market sentiment has shifted towards caution but optimism in light of the recent consolidation. Technical trader Mike Investing has offered a bold forecast, predicting a “parabolic squeeze” that could push Bitcoin upwards of $135,000 by the year’s end. This prediction is based on renewed momentum from the 50-week moving average and the report of a rumored insider whale holding a $230 million long position.
While this claim remains unverified, it complements a prevalent belief among traders that Bitcoin is gearing up for a major rally. However, there are warnings from analysts that a break below the 50-SMA could trigger deeper corrections toward $95K before any sustained rebound occurs.
Presently, the overall market structure appears to favor bullish sentiment. If Bitcoin can uphold its support above both the 50-SMA and RSI levels while continued accumulation from whale wallets is observed, the path to $123K seems increasingly viable.
Looking ahead, several factors warrant close attention:
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Exchange Outflows: Continuous BTC withdrawals from exchanges indicate declining supply pressure, a positive signal historically associated with price increases.
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ETF Inflows: Institutional products, such as the BlackRock Bitcoin ETF and Fidelity Bitcoin ETF, are significant drivers of spot demand. Sustained inflows could enhance upward momentum.
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Macro Factors: Global market liquidity, interest rate policy, and the performance of crypto ETFs continue to exert influence over Bitcoin’s price outlook and volatility.
In summary, as Bitcoin trades consistently above $107K, the prevailing narrative leans toward quiet accumulation and strong support. The confluence of whale buying, solid technical foundations, and rising institutional interest creates a favorable outlook as the market approaches Q4 2025.
Bitcoin is presently trading at approximately $107,588, reflecting a modest increase of 0.58% in the last 24 hours. Should Bitcoin maintain its trajectory within the long-term trend channel, a breakout towards $123K and potentially beyond may be nearer than many traders anticipate. Nevertheless, caution is advised, as historical trends have shown that even robust uptrends can endure sharp corrections before continuing upwards.
