Bitcoin Price Prediction: As BTC Loses Momentum And Drops Below $108K, SpaceX Starts Moving Assets – Is a Reversal Coming?

Bitcoin slipped below $108,000 on Tuesday as momentum faded and traders turned cautious after last week’s failed ￰1￱ move coincided with SpaceX transferring more than $268 million in BTC to new wallets following months of inactivity, sparking discussion about institutional positioning and whether a short-term reversal is ￰2￱ Transfers $268 Million in BTC On-chain data shows SpaceX shifted 2,490 BTC (worth roughly $268.4 million) to two new wallets after a three-month ￰3￱ tracker OnchainLens identified the transfers, 1,197 BTC to address bc1qq787… and 1,298 BTC to bc1qj7en…, both associated with Coinbase Prime ￰4￱ ( @SpaceX ) has transferred 2.49K $BTC , worth $268.47M, to a new address after being dormant for 3 months. – 1.197K $BTC to bc1qq787 – 1.298K $BTC to bc1qj7en ￰0￱ ￰5￱ — Onchain Lens (@OnchainLens) October 21, 2025 According to Arkham Intelligence , SpaceX now holds 5.79K BTC valued at about $626.9 million, down 2.2% as Bitcoin prices ￰6￱ say the transfers likely reflect internal custody management or migration to institutional cold storage rather than outright ￰7￱ not indicative of liquidation, such large moves often trigger caution among traders, leading to short-term volatility or leveraged position ￰8￱ Takeaways: SpaceX holds roughly 5,790 BTC worth $627 ￰9￱ transfers totaled $268 million in ￰10￱ timing aligns with Bitcoin’s brief dip below $108K.

Bitcoin Price Prediction: BTC Tests $107,400 Support as Bulls Defend Rising Channel Bitcoin is hovering near $107,400, where its rising channel’s lower boundary meets the 20-EMA, a key short-term ￰11￱ action shows buyers attempting to defend structure as sellers test near-term ￰12￱ mid-October, BTC has printed higher lows, suggesting accumulation despite brief ￰13￱ the bearish engulfing candle near $110,400 signals fatigue at ￰14￱ RSI around 45 and a flat 50-EMA point to consolidation rather than ￰15￱ Price Chart –) is bringing a new phase to the Bitcoin ￰16￱ BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level ￰17￱ as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance ￰18￱ result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by ￰19￱ by Consult, the project emphasizes trust and scalability as adoption ￰20￱ momentum is already ￰21￱ presale has surpassed $24.3 million, with tokens priced at just $0.013145 before the next ￰22￱ Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ￰23￱ Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun ￰24￱ Here to Participate in the Presale