Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply

Bitcoin is trading above the $105,000 level after a sharp rebound triggered by the announcement of a ceasefire between Israel and Iran. The geopolitical relief provided a strong tailwind for risk assets, and BTC responded with a powerful surge, regaining a critical psychological level that had previously flipped into resistance. Now, as bulls regain momentum, Bitcoin is flirting with a potential breakout above the $110,000 mark — a key level that capped rallies throughout June.

This renewed strength comes after several days of volatility and fear, where BTC dipped to as low as $98,200 amid escalating conflict in the Middle East. However, the swift recovery has shifted sentiment back in favor of the bulls. According to on-chain data from CryptoQuant, there has been a heavy spike in Taker Buy Volume over the past 48 hours — a strong signal that aggressive market participants are stepping in with conviction.

These buy-side imbalances suggest that institutional and high-conviction traders are positioning for further upside. As the market heats up and risk appetite grows, a breakout above the $110K resistance could confirm the start of a new bullish impulse. For now, all eyes are on whether BTC can hold and extend above current levels.

Bitcoin is currently facing a critical test, trading in a tight range after failing to break above its all-time high. Although bulls have managed to defend the overall structure and keep BTC above key moving averages, the price action has not provided a clear directional signal. The asset is roughly 6% down from its $112K peak, and while some traders expect an imminent breakout toward new highs, others warn of a potential retrace below the $100K psychological level.

This divide among analysts stems from ongoing geopolitical instability — particularly in the Middle East — and tightening macroeconomic conditions. The Fed’s commitment to elevated interest rates and rising US Treasury yields continues to weigh on risk sentiment, making it difficult for BTC to build sustained momentum. Despite the uncertainty, buyers have shown signs of strength, with many looking to confirm the recent bounce as a solid bottom.

Top analyst Maartunn highlighted one key bullish signal: heavy spikes in Taker Buy Volume, which indicate aggressive market orders being filled on the buy side. This suggests that high-conviction buyers are stepping in at current levels, potentially front-running a larger move to the upside.

While this is a positive sign for short-term sentiment, Bitcoin must still reclaim the $109K–$112K range to invalidate the risk of a broader correction. Until then, traders remain cautious. If BTC closes a daily candle below the $103.6K support or loses the $100K level again, it could trigger a wave of liquidations and send prices lower. On the other hand, holding above $105K and building volume could set the stage for the next leg up. The coming days will be crucial in defining Bitcoin’s path forward.

The 12-hour chart for Bitcoin reveals a strong bullish reaction after a brief dip below the $103,600 support level. The price rebounded sharply, reclaiming both the 100 and 50-period moving averages (green and blue lines, respectively), with BTC now trading around $105,357. This move confirms the importance of the $103,600 zone as a high-demand area, which has acted as a launchpad multiple times since early May.

Volume surged on the recent bounce, indicating aggressive buying activity. The spike suggests whales and institutional buyers likely absorbed the panic selling triggered by geopolitical events earlier in the week. Price is now approaching the $109,300 resistance level, a key ceiling that capped multiple rallies in May and June.

The short-term momentum remains constructive as long as BTC holds above the moving averages. However, a rejection near $109K could confirm a broader consolidation range between $103K and $109K. If bulls manage to flip $109,300 into support, the path to retest the all-time highs around $112K opens up.

Featured image from Dall-E, chart from TradingView