Bitcoin Traders: Here’s the Best Entry Point for the Next Rally
- Is a Controlled Correction Likely Before the Next Bitcoin Surge?
- Why Is $111,673 Such a Strategic Level?
- What If Bitcoin Doesn’t Pull Back?
- Three Scenarios for Bitcoin Traders
- FAQs: Bitcoin Trading Strategies
As bitcoin consolidates around $118,000, traders are debating whether to buy now or wait for a strategic pullback. Analysts are split, with some eyeing a dip to $111,673 as the ideal entry, while others bet on a breakout above $120,000. Here’s a deep dive into the market dynamics, key levels, and actionable strategies for crypto traders.
Is a Controlled Correction Likely Before the Next Bitcoin Surge?
Bitcoin’s recent rally has left the market buzzing, but the question on everyone’s lips is:The flagship crypto asset is currently hovering around $118,000, a level that’s acting as a psychological support zone. However, Markus Thielen, founder of 10x Research, argues that the optimal entry point isn’t here—it’s closer to $111,673. His reasoning? Classic technical analysis suggests that significant breakout levels often retest before resuming their upward trajectory.
Thielen’s stance is backed by a record-breaking $600 million Bitcoin put option trade on Deribit, targeting a move below $110,000 by August 8th, 2025. "We’d prefer to see Bitcoin retest its breakout level to offer a better risk-reward ratio," he tweeted. This isn’t just theory; historical patterns show that such retests often precede stronger rallies. For traders, this could mean a brief dip to $111,673 might be the golden ticket to maximizing gains.
Why Is $111,673 Such a Strategic Level?
Risk-reward ratios are the backbone of smart trading. Buying near $111,673 WOULD allow traders to:
- Tighten stop-losses: Reducing potential downside risk.
- Maximize upside: A rebound from this level could offer a cleaner technical setup.
- Avoid chasing the rally: Entering on confirmation rather than FOMO.
Thielen’s analysis hinges on the idea that this level represents a former resistance-turned-support. But here’s the kicker: if Bitcoin doesn’t pull back, traders might miss the boat entirely. That’s why alternative strategies are crucial.
What If Bitcoin Doesn’t Pull Back?
Not all analysts agree with Thielen. Some, like the BTCC team, argue that Bitcoin could simplywithout a meaningful correction. In this scenario, a confirmed breakout above $120,000—a level tied to the July 14th and 23rd highs—would signal a fresh bullish phase. "A sustained break above $120,000 could justify a more aggressive entry," Thielen admits, though he cautions that tighter stop-losses would be necessary.
Three Scenarios for Bitcoin Traders
So, what’s the play? Here are the three most likely paths:
- Wait for the dip: Target $111,673 for an optimal risk-reward entry.
- Bet on the breakout: Buy if Bitcoin clears $120,000 with conviction (but keep stops tight).
- Fade the consolidation: Buy near $118,000, betting on an immediate resumption of the uptrend (higher risk, higher reward).
No strategy is foolproof, but understanding these scenarios helps traders stay flexible. As always,—just one perspective in a market where even the experts disagree.
FAQs: Bitcoin Trading Strategies
What’s the best entry point for Bitcoin right now?
Analysts are divided. Some, like Markus Thielen, advocate waiting for a pullback to $111,673, while others suggest buying a breakout above $120,000.
Why is $111,673 considered a key level?
It represents a former resistance level that could now act as support, offering a favorable risk-reward ratio for buyers.
What if Bitcoin doesn’t pull back?
Traders may need to pivot and buy a confirmed breakout above $120,000, though this requires tighter risk management.
