Key Takeaways:
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Bitcoin sank below $ 111,500, which tests a major sun -day demand zone.
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Spot demand remains strong, maintaining market structure in favor of bulls.
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Price levels around $ 113,000, $ 107,200, and $ 100,000 can be able to take the interest of investors.
Bitcoin (Btc) sinking below $ 111,500 during the Asian market session on Monday, cleaning internal liquidity between $ 115,000 and $ 114,000 and testing a sunny demand zone between $ 110,700 and $ 113,200. The Dip puts BTC with the risk of losing support from the 50-day exponential transfer of average if the daily candle closes under $ 113,200.
Cointelegraph Highlighting The possibility of this retest last week, which reproduced a dip under $ 113,000 before updating the upside. A short -lived bullish reaction to the Federal Reserve’s interest rate on Wednesday raised BTC to $ 117,500, but the rally failed to create a bullish break of the structure, leading to the current correction.
Despite the downside move, the market structure remains widely constructed. Cryptoquant data indicated Investors are aggressively buying sinking, with the Coinbase Premium Index positive. This indicates that US area demand provides a pillow against deeper downside pressure.
On-chain data supports this narrative. Bitcoin researcher Axel Adler Jr. mentioned That area remained in the same month, with apparent demand covering 95,800 BTC. Prolonged accumulation maintains price action near the upper band of recent incidence, although markets in futures show short -term weakness.
In addition, close to $ 280 million in BTC futures positions were liquid during correction, which filed leverage that built the BTC up $ 117,500 from $ 107,000 in September. With an excessive leverage reset, the market can be protected for a healthy continuity if the demand of the area continues.
Related: Bitcoin shows signs of ‘cycle exhaustion’ as BTC prices rise to $ 112k
Bitcoin price levels to watch
With the current bitcoin currently trading under just $ 113,000, three critical price levels stand from a trend.
The first is the demand zone between $ 110,700 and $ 113,200. A sharp rebound from this area will confirm that the recent drawdown is a flicker, clearing the excess positions of the speculation.
Crypto analyst Dom mentioned Futures markets have witnessed one of the biggest long -term avoidance in recent months, with nearly 80% focused on the Bybit. Such events often reset market conditions, leaving the room for a cleaner move higher. A speedy recovery from this zone could push the BTC above $ 117,000 in the short time.
If recovery is slow, bitcoin may rather drift toward external liquidity or support around $ 107,200. Btc is repeated Moved between the higher range of high -frame times and lows before continuing the wider trends in 2025. More than $ 3 billion in the long position remained exposed to this level, raising the possibility of a deep wine of liquidity before a bullish backbone.
From a periodic perspective, September has a history leaning against the bearish, making this situation possible as a short-term shake before the stronger momentum in Q4.
The third and most bearish outcome is a prolonged breakdown below $ 107,200, which potentially reaches $ 100,000. This will mark a structural move toward bearish market conditions, with integration -including the lower level of stress of the current rotation.
Supporting this risk, glassnode Highlighting That the basis of the short-term holder sits near $ 111,400. The sustainable trade below the “battle line” between bulls and bears can cement a move in mid-long-term structure.
Related: Largest Long Liquidation of the Year: 5 Things to Know Bitcoin on Sunday
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
