Bitcoin Could Be Forming An Early Reversal As Whales Buy The Dip; Watch $109K–$113K

  • Bitcoin price dip: whales buying the decline

  • Watch 111-day SMA, 200-day SMA and Short-Term Holder Realized Price as support zones.

  • On-chain metrics: 200 BTC whale buys and First Buyers supply nearing 5M BTC signal accumulation.

Bitcoin price dip—prepare to act: monitor support levels and on-chain reversal triggers; learn the four confirmation signals and why whales are buying.

What is the current Bitcoin price outlook?

Bitcoin price dip remains a short-term correction: BTC fell to roughly $113,844 after a 1.57% 24‑hour decline and is trading below the 50 EMA, indicating a bearish short-term structure. Whales and long-term holders are accumulating, creating early signs of a possible reversal if key conditions are met.

How deep is the pullback and which levels matter?

Bitcoin is down about 8% from a $124k peak. Key technical and realized levels to monitor: 111‑day SMA ($109.6k), 200‑day SMA ($100.4k) and Short‑Term Holder Realized Price ($106.8k). These zones historically act as accumulation points and potential bounce areas.

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Daily chart analysis indicated BTC broke below a rising wedge and is trading under the 50 EMA, confirming a bearish structure. A sweep below $112k–$113k could act as a liquidity sweep and present a favorable long entry, consistent with prior liquidity sweeps before new ATH runs.


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Source: https://en.coinotag.com/bitcoin-could-be-forming-an-early-reversal-as-whales-buy-the-dip-watch-109k-113k/