Bitcoin Primed for $110K Retest as Market Takes a Breather—Analyst Eyes Opportunity

Bitcoin bulls might soon get their moment as cooling markets set the stage for a potential surge.

After a period of consolidation, analysts are flagging a possible retest of the $110,000 level—a move that would reignite the crypto rally. Traders are watching closely as volatility dips and liquidity pools tighten.

Meanwhile, Wall Street still can’t decide if crypto is the future or just a high-risk casino. Some things never change.

Altcoins falter

Meanwhile, the downward pressure hasn’t spared altcoins either, with major assets like XRP, Solana, and Dogecoin all recording modest losses in tandem with Bitcoin’s slump.

According to CryptoSlate’s data, ethereum emerged as a rare gainer during the period, up by around 2% to $3,722 as of press time.

Dean Chen, a crypto analyst at Bitunix, attributed the broader market’s pullback to profit-taking behavior after an extended rally. He emphasized that the move is likely a liquidity sweep aimed at overleveraged long positions.

He added:

“From a structural standpoint, prices remain well-supported above key levels, with no major breakdowns observed. This suggests we are still in a consolidation phase, rather than entering a full-fledged bear market, and could see renewed accumulation once the broader uncertainty clears.”