Clustered Bids Hold Bitcoin Strong: Will Buyers Push Past $111,950?

  • Bitcoin must hold above $100K to avoid a potential drop to the $78.5K support zone.

  • Whale selling increased before and after the Iran-Israel conflict, adding short-term pressure on BTC.

  • Analysts say BTC could rebound if $100K holds, supported by past oil-BTC correlation patterns.

Bitcoin is currently trading at $105,014.87, attempting to maintain stability following a volatile week triggered by geopolitical unrest. According to analysis prepared by 10x Research, BTC must stay above the $100,000 level to remain on track for a breakout. A breakdown below this threshold could shift momentum downward, increasing the probability of a decline to $78,500, the channel’s lower boundary.

Geopolitical Tensions Trigger Price Drop, Whales Begin Selling

Bitcoin fell sharply from a high of $108,500 to $102,800 following Israel's military operation in Iran. The attack, which targeted nuclear and military sites, prompted Iran to retaliate with missile strikes. 

According to CoinGlass, over $645 million in positions were liquidated during the crash, with $297 million in Bitcoin longs affected. Ali Martinez noted that BTC whales holding over 1,000 BTC have started trimming their positions. This selling behavior began before the strikes and has now accelerated. 

https://twitter.com/ali_charts/status/1933540363089637425

Data also shows exchange and OTC balances are falling, suggesting tightening supply. However, increased sell-offs from whales could raise short-term selling pressure if followed by retail investors.

Historical Patterns and Technical Outlook Support Recovery Scenario

Despite short-term weakness, historical trends suggest Bitcoin could rebound if it holds above $100,000. According to TradingView data, similar oil price spikes in 2024 and 2025 were followed by 16–24% BTC rebounds within eight days. WTI crude recently surged 19%, while BTC dropped, maintaining its inverse short-term correlation.

Crypto analyst Efloud stated that BTC remains in a consolidation phase near previous highs. He identified the $97,000–$95,000 zone as a possible pullback area before a continuation move. 

His fractal projection tool suggests the consolidation may lead to an accelerated breakout if BTC avoids falling below key support levels. BTC must now sustain above $100,000 to prevent a return to the $78,500 support zone and continue building momentum toward higher price levels.

The post Bitcoin Must Hold $100K, Losing This Level Could Trigger a Fall Toward $78,500 Support appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.