Bitcoin (BTC) is flashing early signs of a potential rebound as whales ramp up accumulation below the $107K level, hinting that a fresh bullish wave may be building.
After a brief dip from its recent highs, Bitcoin’s price action is finding stability near critical technical supports. Market watchers are closely tracking whale wallet activity, the 50-day simple moving average (SMA), and RSI signals that suggest a possible upside reversal toward the $123K mark.
Whales Quietly Accumulate as Bitcoin Consolidates Around $107K
Bitcoin (BTC) continues to trade within a tight consolidation range, holding near $107,588 at press time, according to data from BraveNewCoin. Despite short-term volatility, on-chain data reveals that Bitcoin whales—large holders owning 100 BTC or more—have been quietly accumulating throughout the recent dip.
Bitcoin holds steady around $107K as whales quietly accumulate, hinting at a potential surge toward $123K. Source: @CryptoKing4Ever via X
Market analysts say this accumulation phase reflects growing institutional confidence and long-term positioning for the next major price move. On X, pseudonymous trader Crypto King noted, “Zoom out and the story stays the same. $BTC is still moving strongly inside its long trend channel. Short-term noise around $107K means nothing. Whales are still accumulating quietly.”
Glassnode and Bitget data confirm that over 16,000 BTC were added to whale addresses in recent days, reinforcing the view that smart money is positioning ahead of a potential bullish leg toward the $123K target. Analysts say whale accumulation has historically preceded key breakout phases during prior market cycles.
Critical Technical Supports Hold the Line
Bitcoin’s 50-week Simple Moving Average (SMA)—currently sitting near $101,700—and the Relative Strength Index (RSI) at 45 remain crucial indicators for market structure. Crypto analyst @Crypflow emphasized that these two metrics have historically defined bull and bear cycles. “Each time BTC closed a full candle below the 50-SMA, the bull market was over, and the bear began,” he wrote.
Bitcoin nears key 50-SMA and 45 RSI supports—holding these levels keeps the macro bullish and the next leg higher intact. Source: @_Crypflow via X
At present, BTC remains well above both these support levels, suggesting that the broader bullish macro trend is intact. Technical traders are also monitoring Bitcoin’s multi-year ascending trend channel, which extends back to 2023 and outlines potential resistance around $120K–$125K through mid-2026.
This structural resilience aligns with the ongoing whale accumulation narrative, adding weight to the argument that Bitcoin’s current phase could represent a “calm before the storm.”
Rally Targets Point Toward $123K and Beyond
Market sentiment has turned cautiously optimistic following weeks of consolidation. Technical trader Mike Investing shared a bold outlook, predicting a “parabolic squeeze” toward $135,000+ by year-end, driven by renewed momentum off the 50-week moving average and an alleged insider whale’s $230 million long position.
Bitcoin is set for a parabolic surge, bouncing off the 50-week moving average as whales and insiders load up. Source: @MrMikeInvesting via X
While the claim remains unverified, the narrative underscores a broader belief among traders that Bitcoin may be setting up for a substantial rally. Still, some analysts warn that a break below the 50-SMA could trigger deeper retracements toward $95K before any sustainable rebound.
For now, the broader structure favors the bulls. If Bitcoin maintains support above the 50-SMA and RSI levels while whale wallets continue accumulating, a push toward $123K appears increasingly probable.
What to Watch Next
Exchange Outflows: Ongoing BTC withdrawals from exchanges suggest declining supply pressure, a bullish signal historically linked to price increases.
ETF Inflows: Institutional products like the BlackRock BTC ETF and Fidelity Bitcoin ETF remain key drivers of spot demand. Sustained inflows could amplify upside momentum.
Macro Factors: Global market liquidity, interest rate policy, and crypto ETF performance continue to influence Bitcoin’s price outlook and volatility profile.
Final Thoughts
As Bitcoin trades steadily above $107K, the market narrative remains one of quiet accumulation and resilient support. The combination of whale buying, strong technical foundations, and rising institutional participation paints a constructive outlook heading into Q4 2025.
Bitcoin (BTC) was trading at around $107,588, up 0.58% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
If Bitcoin maintains its trajectory within the long-term trend channel, the next breakout toward $123K—and potentially beyond—may be closer than many expect. Still, traders should remain vigilant for sudden corrections, as historical patterns show that even strong uptrends can experience sharp pullbacks before resuming their path higher.