Bitcoin experienced a sharp downturn yesterday after whale-driven activity triggered a key breakdown. The $108,791 support level was breached, and the price quickly approached the $107,126 / $106,211 zone. Roughly $100 before reaching this range, a buying reaction kicked in, and the price has now settled around $108,300.

Whale Manipulation: A Persistent Threat?

The recent volatility shows once again how whales capitalize on reduced weekend liquidity. In markets where order books are thin, a single large transaction can cause drastic swings. This isn’t new for Bitcoin—but each time, it forces the market into a fresh state of balance.

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Today, due to the weekend, major movements are not expected. Still, any breaking news—especially regarding regulations or major exchange updates—could reignite volatility. Investors should stay alert and review their stop-loss and entry levels carefully.

Watching Resistance and Support Levels Closely

On the technical front, the immediate resistance level stands at $108,791. If this level is reclaimed, a rise toward $109,400 is plausible. On the downside, initial support is seen at $107,126, followed by $106,211. A deeper drop might take Bitcoin to as low as $103,788.

The next 24 hours could prove pivotal for Bitcoin traders. Even in a seemingly calm market, surprises are never far away in crypto.

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The post Market Shaken by Whales: Is Bitcoin Entering a New Phase? appeared first on Coin Engineer.

Bullish Break Could Trigger Move Toward $112,000

Bitcoin is currently trading between the resistance zone of $110,435 – $109,972 and the support area of $108,552 – $108,041. If the upper boundary is broken to the upside, the price could initiate a new bullish trend toward the $112,000 mark.

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A breakout with significant volume may strengthen market momentum and attract more buyers into the rally.

Break Below Support May Signal Deeper Correction

Conversely, a breakdown below the $108,041 support level could expose Bitcoin to increased selling pressure. In this case, a retreat toward the $106,000 level would be on the table.

Market sentiment remains fragile, and short-term decisions will likely be influenced by price behavior within this key range. News flow during the trading day could also tip the balance.

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The post Bitcoin Holds Tight in Critical Range: Directional Break Expected appeared first on Coin Engineer.

Positive Signals, But No Market Impact Yet

Following two days of high-level negotiations, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer described the talks as productive and constructive. Bessent confirmed that even President Trump had been fully briefed on the progress, underscoring the White House’s close involvement.

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Greer noted that the agreement came faster than expected, suggesting that the differences between the two nations may not have been as significant as previously thought. Still, the real impact of this agreement will become clearer with tomorrow’s expected full briefing, where deal specifics are to be unveiled.

Bitcoin Holds Below 104,766$ Resistance

In crypto markets, all eyes are on Bitcoin (BTC). Despite the positive geopolitical backdrop, Bitcoin has failed to break above the 104,766$ resistance level in the daily chart.

Should BTC manage to push past this ceiling, the potential for a new All-Time High (ATH) becomes plausible. Conversely, rejection at this level could lead to a downward move toward the 99,172$ support zone, which has historically acted as a key level of demand.

While geopolitical developments often stir market volatility, the muted reaction from Bitcoin suggests that traders are waiting for more clarity. The details expected in tomorrow’s announcement could serve as a catalyst for a significant move — either a breakout or a retracement — in the crypto space.

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The post After Trade Agreements: Is Bitcoin Ready to Rise? appeared first on Coin Engineer.

The problem that occurred on the Binance futures chart caused a brief panic. The BTC price fell sharply from $27,000 to $2,700, but quickly rose back to the $27,000 level. The absence of price changes in other data providers showed that this was a graphical error.

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Binance CEO CZ said recently, “There was a display issue with the BTC/USDT futures chart. There’s a problem in the user interface chart, but there’s no problem in the charts obtained through the API. The team is working to fix the problem and trading is not affected during this time.” CZ also noted that this was just a visual error and no trades were affected.

CZ identified the cause of the problem as coming from new codes added to the chart, and said it would be resolved within about 2 hours. Although no one may be affected by this situation, the chart appears to be very intimidating.

This is a display ONLY issue. Trading not affected. https://t.co/ZixcFVcxQU

— CZ Binance (@cz_binance) September 29, 2023

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The post Minor Issue Occurred on Binance Futures Chart Scared Investors! appeared first on Coin Engineer.