With Bitcoin hovering near $119,000, traders are caught in a familiar dilemma — jump in now or wait for a better setup?
Analyst Markus Thielen believes the answer lies in watching two key zones.
According to Thielen, a dip toward $111,673 could offer the most favorable risk-to-reward ratio. That level, once a ceiling in May, now serves as a solid support zone and could be an ideal entry point for those waiting on the sidelines.
But if Bitcoin doesn’t pull back, Thielen points to $120,000 as the next decisive mark. A clean breakout above that level, especially if accompanied by strong momentum, may signal a fresh leg higher — though tighter stop-losses would be needed.
The market’s recent hesitation suggests that investors are awaiting confirmation before deploying capital. The weekend’s modest rally, triggered by geopolitical optimism following a massive U.S.–EU trade agreement, hasn’t yet turned into full-blown bullish continuation.
In this environment, patience may pay off. Whether Bitcoin dips to retest its support or breaks above resistance, these two zones are shaping up to be the deciding factors for the next directional move.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-investors-eye-two-critical-price-levels-for-ideal-entry/