Bitcoin’s Return to $100K Probable This ‘Spring’ As Whales Buy The Dip

Key Points:

• Bitcoin's Wyckoff Accumulation phase nears completion, with a Spring signaling a potential bullish reversal.
• Institutional investors are accumulating, as 26,430 BTC flows into whale addresses, hinting at a supply squeeze.
• BTC price could target $100,000, with key resistance levels at $85,000 and $90,000 confirming the next move. Bitcoin is showing signs of completing a Wyckoff Accumulation phase, a widely followed technical pattern that suggests institutional players may be positioning for a significant price surge. After a sharp decline, the cryptocurrency has formed what traders recognize as a “Spring,” typically the final shakeout before a bullish reversal.

A Classic Wyckoff Spring?

Bitcoin’s recent price action aligns closely with the Wyckoff Accumulation model, which describes how large investors accumulate an asset at lower prices before driving it higher.

Over the past few months, BTC has moved through multiple accumulation stages, including a Selling Climax (SC), Automatic Rally (AR), and Secondary Test (ST)—all key components of the Wyckoff structure.

Bitcoin Wyckoff Accumulation chart. Source: TradingView/SuperBro The latest drop, labeled as the Spring, saw Bitcoin momentarily dip below key support levels before recovering.

This move is designed to trigger stop-losses from weak-handed retail traders while allowing institutional buyers to accumulate more BTC at a discount. A successful recovery from this level would confirm the pattern, setting the stage for an upward move.

What Comes Next?

If Bitcoin follows the classic Wyckoff script, the next step is a Test phase, where the price stabilizes and reclaims previous resistance levels to confirm renewed buying interest. A strong test could lead to what Wyckoff analysts call the “Jump Across the Creek”—a decisive breakout above the range.

Key levels to watch include $85,000 and $90,000, areas where Bitcoin has previously acted as support. A confirmed rebound from these levels could open the door for a rally toward $100,000 and beyond, where the Last Point of Supply (LPSY) stage typically occurs.

BTC/USD daily price chart. Source: TradingView Furthermore, Bitcoin’s daily relative strength index (RSI) is now the most oversold since August 2024, which, if history is any indication, may follow a period of accumulation.

Bitcoin Whales Deposit Coins to Accumulation Addresses During Dip

The bullish reversal outlook appears after Bitcoin’s drop below $90,000 in the wake of US President Donald Trump’s renewed tariff threats on Mexico and Canada.

It also appears to be part of Bitcoin’s price stabilization following its 100%-plus rally in recent months, enabling some analysts to see the moves as a bull market correction. In other words, Bitcoin’s price may continue to climb toward newer record highs.

A -30% correction is perfectly normal during the bull market

— Alessandro Ottaviani (@AlexOttaBTC) February 26, 2025

On-chain data signals something similar. Notably, whales have transferred about 26,430 BTC to their accumulation addresses, a move often associated with over-the-counter (OTC) trading and long-term holdings.

The latest on-chain data from CryptoQuant indicates that the inflows have surpassed the 20,000 BTC threshold, triggering an alert for substantial institutional activity.

Bitcoin inflows to accumulation addresses. Source: CryptoQuant The increase in whale accumulation is generally seen as a bullish signal but does not immediately guarantee an upward move. OTC trades often involve off-exchange settlements, meaning the impact on liquidity and spot prices might take time to materialize.

However, the ongoing demand from deep-pocketed investors aligns with Wyckoff accumulation patterns recently observed in Bitcoin’s price action. Bitcoin could see a supply squeeze if this trend continues, increasing the probability of a breakout toward the $100,000 level in the coming months.