The main dishes to remember:
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Bitcoin dropped below $ 111,500, testing a major daily request area.
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The cash demand remains strong, keeping the market structure largely in favor of the bulls.
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Price levels around $ 113,000, $ 107,200 and $ 100,000 could arouse interest in investors.
Bitcoin (BTC) fell below $ 111,500 during the Asian market session on Monday, eliminating internal liquidity between $ 115,000 and $ 114,000 and testing a daily application area between $ 110,700 and $ 113,200. The DIP places the BTC at the risk of losing the support of the exponential mobile average of 50 days if its daily candle firm less than $ 113,200.
Cointelegraph underlined the probability of this retest last week, providing for a drop of less than $ 113,000 before renewing upwards. A short -term bullish reaction to the drop in the interest rate of the federal reserve increased BTC on Wednesday at $ 117,500, but the rally failed to create a brute structure rupture, leading to the current correction.
Despite the drop, the market structure remains largely constructive. Cryptoque data involved investors buy aggressively in the DIP, the highly positive premium Coinbase index. This indicated that the demand for events of an American one provided a cushion against a deeper drop pressure.
The data on the chain support this story. Bitcoin’s researcher, Axel Adler Jr., noted that punctual request was consistent in the last month, with an apparent request totaling 95,800 BTC. The sustained accumulation maintains the action of prices near the upper strip of the recent range, even if the term markets show short -term weakness.
In addition, nearly $ 280 million in BTC’s term positions were liquidated during the correction, eliminating the leverage that had built during the BTC rise at $ 117,500, against $ 107,000 in September. With an excessive lever reset, the market can be ready for healthier continuation if the cash demand persists.
Related: Bitcoin shows signs of “cycle” exhaustion while the price of the BTC increases to $ 112,000
Bitcoin price levels to monitor
Bitcoin currently negotiating just under $ 113,000, three critical price levels are distinguished from a trendy point of view.
The first is the request zone between $ 110,700 and $ 113,200. A lively rebound in this area would confirm that the recent withdrawal was a lever effect, eliminating excessive speculative positions.
The Crypto Dom analyst noted that the term markets have attended one of the greatest long liquidations in recent months, with almost 80% have focused on the appeal. Such events often reset market conditions, leaving room for a cleaner movement higher. Rapid recovery from this area could propel BTC over $ 117,000 in the short term.
If recovery is slow, Bitcoin can rather derive towards external liquidity or support around $ 107,200. The BTC has moved several times between the high beach of the highest time beach and the stockings before resuming wider trends in 2025. More than $ 3 billion in long positions remained exposed to this level, which increases the possibility of a deep liquidity input before a bull.
From the point of view of seasonality, September has historically leaning Bearish, which makes this scenario plausible as a short -term shaken before a stronger rise in the fourth quarter.
The third most lower result would be a prolonged ventilation less than $ 107,200, potentially extending to $ 100,000. This would mark a structural change towards lowering market conditions, with consolidation at lower levels signaling the exhaustion of the current cycle.
In support of this risk, Glassnode stressed that the cost base of the short -term holder is nearly $ 111,400. The exchanges supported below this “battle line” between the bulls and the bear could cement a transition to a long -term lower structure.
Related: the largest long liquidation of the year: 5 things to know in Bitcoin this week
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.