$Bitcoin price experienced a sudden flash crash, falling to $112,620 after rejection near resistance. This sharp sell-off has traders debating whether BTC is setting up a prime buy-the-dip opportunity or warning of more downside. In the world of crypto, such moves are far from unusual — volatility is part of the game.
Bitcoin Price Action: Chart Signals
The attached chart shows Bitcoin losing the $114,417 (50-day SMA) and plunging toward support levels around $112,142–111,350. The RSI has cooled to 44, suggesting neutral-to-bearish momentum. Key observations:
- Resistance Rejection: $BTC was rejected just under $118,600, marking a strong ceiling.
- Support Retest: Current price is testing a critical horizontal support band between $111K–112K.
- Moving Averages: The 200-day SMA sits lower at $103,615, with the psychological $100K level acting as a major long-term support.
BTC/USD 1-day chart – TradingView
Bitcoin Price Prediction: Rebound or More Selling?
- Bullish Case (Rebound Buy Opportunity): If BTC defends the $111K–112K support zone, a quick rebound toward $115K and potentially $118K is possible. For long-term holders, these dips often present solid buy opportunities.
- Bearish Case (Further Crash): If the support fails, BTC could extend losses to $105K, and the next big line in the sand is the $100K psychological mark. A break there would confirm a deeper correction.
Flash crashes like this are nothing new in Bitcoin news. With its highly liquid but sentiment-driven market, sudden moves are part of its DNA. Historically, Bitcoin has seen sharp pullbacks before staging larger rallies. Long-term investors often see such corrections as healthy resets that shake out weak hands.
Bitcoin Price Remains in the Spotlight for the Weeks
While the flash crash below $113K triggered panic, the bigger picture shows BTC still within its broader trading range. The coming days will be crucial to see whether bulls can defend support or if bears push toward $105K and beyond.
For now, traders should closely watch $111K–112K support and $118K resistance. Whether this crash turns into a rebound or a deeper sell-off, one thing is certain: Bitcoin news and Bitcoin price volatility remain at the center of the crypto market.