Bitcoin Surges Back to $115K as Traders Capitalize on Dip-Buying Frenzy

Bitcoin stages a fierce rebound—defying bearish whispers as traders pile into the discount.

Market Psychology at Play: The $115K bounce proves crypto's buy-the-dip mentality remains unshaken. No fancy derivatives, no complex hedging—just pure, unfiltered greed dressed as 'opportunism.'

Wall Street Analysts (Probably): 'This time it’s different.' Meanwhile, Bitcoin laughs in volatility.

Closing Thought: Another day, another chance for traders to confuse luck with strategy—classic finance theater.

“The recent market dip appears to have been triggered by a broader risk-off sentiment following the disappointing July U.S. nonfarm payrolls report,” said Presto Research Analyst Min Jung. The report by the Bureau of Labour Statistics shows that just 73,000 jobs were added in the U.S. in July, which is far lower than the expected 104,000 jobs.

Also, data on SosoValue shows that the bitcoin spot ETF saw a weekly outflow of $643 million, breaking the inflow streak after seven consecutive weeks. 

Traders Remain Optimistic 

BitBull, a well-known crypto analyst on X, said in his post on Saturday that, “$BTC bounced back perfectly from the EMA 50 level. This has been a strong support for BTC, and reclaim shows that bulls are still in control.” 

$BTC bounced back perfectly from the EMA 50 level.

This has been a strong support for BTC, and a reclaim shows that bulls are still in control.

But here's something that could happen.

BTC breaking below EMA 50 just like it did in June.

That WOULD be the perfect bottom, and… pic.twitter.com/6vZnYaCNzt

However, he added that if BTC breaks below the EMA 50 on the daily timeframe, we would see a perfect bottom around $110K to $112K, setting the stage for the next bullish leg. This analysis points that the sell-off is majorly price retracement to prepare Bitcoin for its next bullish move, as seen in previous price actions.

In its Weekly insight, CryptoQuant also said that, “Following each wave of profit-taking, the market typically enters a period of price consolidation or moderate correction, lasting between two to four months.” 

Bitcoin Demand Stays Still

Despite the dip, firms like Metaplanet still remain positive with it adding 463 Bitcoin to its $1.79 billion of existing holdings. Moreover, market experts are also closely watching Michael Saylor’s Strategy, which usually announces new Bitcoin acquisitions on Monday. 

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