- Bitcoin rebounds as institutional buyers return, defending key $110K support.
- BTC recovery hinges on breaking $113,500 resistance amid renewed inflows.
- Saylor’s bullish $180K outlook fuels confidence despite market volatility.
Bitcoin (BTC) price is trading near $111,500, staging a modest recovery after one of its sharpest two-day declines this quarter. The rebound comes as buyers defend the $110,000 region, supported by the 200-day exponential moving average (EMA) around $107,900, signaling that market participants are stepping in to prevent further downside.
Despite the initial rebound, sentiment remains cautious. Technical indicators suggest that the market is attempting to stabilize, but sustained strength above the $113,500–$116,800 zone will be critical to confirm a short-term recovery. The past week’s volatility triggered a wave of liquidations and fear-driven selling, but recent inflows and improving momentum hint that bulls may be preparing for another push higher.
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Technical Picture: Bitcoin Finds Support Near Trendline Base
The daily chart shows Bitcoin bouncing from a cluster of strong technical supports around $110,000, where an ascending trendline drawn from July’s lows intersects with the 200-day EMA. This area has acted as a reliable launchpad for previous rallies, reinforcing its significance.
On the upside, Bitcoin faces immediate resistance at $113,500, where the 100-day EMA meets the midline of the former rising channel. A break above this level could open the door toward the next key resistance between $115,565 and $116,790, where the 50-day and 20-day EMAs converge to form a dense supply zone.
Momentum indicators are showing early signs of recovery. The Relative Strength Index (RSI) has climbed back to 40.7, up from oversold territory seen during last week’s flash crash. This gradual improvement suggests that selling pressure is easing and that a potential rebound toward the $116,800–$120,000 range could materialize if buyers maintain control above support.
Source: Tradingview
Institutional Inflows Signal Renewed Confidence
After nearly $1.6 billion in outflows over two consecutive days, Bitcoin registered a sharp $180.6 million inflow on October 12, according to Coinglass data. This marked one of the first major positive netflow spikes since the selloff, indicating a possible shift in sentiment.
The timing of this inflow coincided with Bitcoin stabilizing above $111,000, suggesting that institutional and ETF-linked investors are gradually returning to the market to absorb excess supply. Supporting this, a recent report from Bitwise ETF revealed that an EU sovereign wealth fund had made its first-ever Bitcoin purchase, a significant event that underscores renewed confidence from traditional finance.
Analysts interpret this as a turning point, noting that large financial entities appear to be “stacking the dip” rather than exiting positions. Such capital inflows reinforce Bitcoin’s resilience and highlight the broader perception that digital assets remain an attractive long-term investment despite short-term volatility.
Market Sentiment: Saylor’s $180,000 Projection Underscores Volatility
Adding to the market’s ongoing debate, Strategy chairman Michael Saylor reiterated his bullish outlook in a recent CNBC interview, remarking that “Bitcoin will surge to $180,000, crash to $140,000, and people will freak out again.” His statement captures Bitcoin’s characteristic volatility—wild price swings that occur even within long-term uptrends.
Saylor’s company has continued to expand its holdings, recently acquiring 15,400 BTC at an average price of $96,000. This strategic accumulation reinforces the notion that institutions remain confident in Bitcoin’s multi-cycle potential. Analysts believe that such high-profile purchases strengthen key psychological support zones around $100,000, giving the market a stronger base from which to recover.
Saylor’s perspective encapsulates the broader narrative of Bitcoin’s maturation: recurring volatility framed within a long-term growth story driven by scarcity, adoption, and institutional participation.
Technical Outlook: Mid-Cycle Reset Before Next Breakout
From a structural perspective, Bitcoin appears to be undergoing a mid-cycle reset as it retests a long-term ascending trendline while staying within a broader rising channel. The 200-day EMA near $107,900 serves as the market’s primary defense zone; any decisive break below could trigger further downside toward $105,000.
Conversely, a daily close above the 50-day EMA at $115,565 would indicate the start of a recovery phase, likely drawing renewed momentum from traders eyeing a move toward $120,000 and eventually $125,000.
Overall, the market appears to be in a state of equilibrium, consolidating before its next major move. With RSI readings recovering and on-chain data turning positive, the technical setup favors buyers gradually regaining control after a capitulation event. This environment provides the foundation for a potential continuation of Bitcoin’s broader uptrend once the immediate resistance levels are cleared.
Outlook: Will Bitcoin Go Up?
Bitcoin’s short-term trajectory depends on its ability to reclaim the EMA cluster between $115,000 and $117,000. The rebound in institutional inflows, alongside the sovereign wealth fund’s first entry into the market, reflects a steady improvement in sentiment. At the same time, the RSI’s recovery from oversold conditions supports the idea that a rebound phase may already be underway.
Analysts remain cautiously optimistic as long as Bitcoin holds above the $107,900 support floor. A confirmed breakout above $116,800 could reopen the path toward $120,000–$125,000, while a sustained failure to stay above $110,000 might expose the next downside target near $105,000.
Bitcoin appears to be navigating a healthy consolidation phase, where the market digests prior volatility and institutional buyers quietly accumulate positions. The long-term structure remains bullish, suggesting that the recent pullback could ultimately serve as a foundation for the next major upward cycle.
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