Bitcoin News Today: BTC Breaks Out, But Whale Slowdown Signals Pullback Ahead of ATH

Bitcoin (BTC) is surging again, up 3.2% in 24 hours to $108,500, leading a 3.7% market rally amid renewed institutional optimism.

Price Action: 3.2% Gain and Monthly Momentum

BTC’s climb from $106,400 reflects improving sentiment, with 5% monthly gains signaling gradual strength. The 24-hour uptick follows a 7.40% correction from $115,000, testing $108,000 support. RSI at 55 shows bullish divergence, maintaining uptrend if $112,200 holds, per TradingView analysis.

• Support: $108,000 (key); $106,400 critical.
• Resistance: $112,200-$115,000; $134,100 target.
• Volume: $50B+ daily; 3.7% market cap rise.

Sources: Glassnode

Whale Activity: Three-Month Low as Outflows Ease

Whale entities (1,000+ BTC wallets) hit a three-month low of 1,350, down since October 14, coinciding with the $115,000 pullback. Exchange outflows eased 51%, reducing supply pressure but signaling whale hesitation. Glassnode data shows 2.5 million BTC in whale hands, down 1.2%, hinting at potential sell-offs ahead of ATH.

2025 Outlook: $130K-$200K Consensus

Analysts forecast BTC at $130K-$200K by year-end. Changelly sees $123,849 in October; CoinDCX $131,500. VanEck targets $180K-$200K on ETF inflows ($50B YTD). Bull catalysts: Rate cuts (97% odds); bear risks: Tariffs testing $100K.

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Trading Strategy: Longs with Caution

Short-term: Long above $108,500 targeting $112,200, stops at $106,400 (2% risk). Swing: Accumulate dips, staking for 5% APY. Watch whale outflows; below $108,000, exit.

In summary, Bitcoin news today blends breakout gains with whale caution, forecasting a bullish 2025 amid DeFi’s surge.