Bitcoin Price Recovery Could Quickly Accelerate; Here's How

The BTCUSDT price was trading near $110,100 after gaining more than 2% in the past 24 hours. This erased the week’s losses and left the seven-day chart flat. Over the past three months, gains stayed capped below 5%, but year-on-year, the BTCUSDT price still shows strength with an 80% rise.

On the daily chart, BTCUSDT has formed a higher low while the Relative Strength Index (RSI), which tracks momentum, has made a lower low. This hidden bullish divergence often points to continuation of the trend. If buyers defend $107,200 and break resistance near $111,900, the BTCUSDT could move toward $117,900. A close below $107,200, however, would flip the picture bearish.

Derivatives data suggests optimism but with limited downside. The Taker Buy/Sell ratio has climbed to 1.10, showing more aggressive buying in futures markets. A cost-basis heatmap highlights strong resistance between $109,995 and $111,768, while support sits between $108,250 and $108,829. Unless heavy selling returns, this floor limits the risk of a deeper pullback.

Whale flows also ease pressure. The exchange-to-whale ratio dropped from 0.54 to 0.44 since August 29, meaning large holders are not sending coins to exchanges to sell. Prices moved from $108,332 to above $110,100 during that time, confirming whales are not offloading into strength.