Best Crypto to Buy Today: Rebound Play After 12% Recovery?

KEY TAKEAWAYS

Bitcoin recovered about 12% after dropping to $104k over the weekend.
$104k is the key support level, while $125k remains strong resistance.
Roughly $19B in leveraged positions were liquidated during the sell-off.
Funding rates and on-chain data point to reduced market leverage and renewed stability.
Price holding above $104k could confirm short-term bullish momentum.

Bitcoin dropped sharply over the weekend before bouncing about 12%, climbing back to around $115k. The quick recovery suggests traders may be stepping back in after heavy losses cleared out excess leverage.

Bitcoin’s wild weekend caught many traders off guard. After hitting highs above $125k late last week, the price tumbled to about $104k following global market jitters over new tariff headlines.

Within hours, however, Bitcoin reversed most of the fall and recovered 12%. The sharp rebound helped reset market sentiment, with many now watching if this move can hold or fade again.

Let’s look at why Bitcoin is the best crypto to buy today.

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Price Action And Key Levels To Watch

Bitcoin’s weekend swing formed a clear range. Support sits around $104k, the level buyers defended during the crash. If that area breaks, momentum could weaken again.

On the upside, resistance remains around $125k, where the previous rally stalled. Holding between these two levels could signal short-term consolidation before the next big move.

The current recovery keeps Bitcoin trading about 8% below its recent peak, showing there’s still room to test higher ground if confidence grows.

What Caused The Drop And Why The Bounce Happened

The sudden sell-off followed tariff news that pushed global markets lower and triggered a wave of panic selling across crypto. In just one day, about $19B worth of leveraged positions were liquidated, forcing prices down faster.

Once that selling pressure eased, buyers quickly stepped back in, taking advantage of lower prices. The move restored some stability and showed that demand for Bitcoin remains strong despite short-term shocks.

Market Signals Traders Are Watching

Several data points suggest the market is stabilizing. Funding rates have cooled, meaning traders are taking fewer risky leveraged bets.

On-chain activity also shows steady inflows to wallets, hinting that investors are holding rather than selling.

Some analysts see this as a healthy reset, while others warn it could be a short-lived bounce if prices fail to stay above support.

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Conclusion

Bitcoin’s 12% rebound signals a potential recovery, but volatility remains high. If the price stays above $104k and buyers continue to step in, the market could push higher.

For now, Bitcoin looks like a possible short-term opportunity, but traders should stay alert and manage risk carefully.

The easiest way to buy Cryptocurrencies is through a trusted crypto exchange like Moonpay, Coinbase, or Uphold. These platforms allow users to purchase and trade crypto instantly from any device, including smartphones, tablets, and computers.

Buy Crypto Now

Crypto investments are risky and may not suit retail investors; you could lose your entire investment. Understand the risks here.

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