Bitcoin’s Bull Run Hits a Snag—Analysts Eye $111K Retest as Next Big Move

Bitcoin's relentless rally just hit a speed bump. After months of green candles, the king of crypto is flashing warning signs—and top analysts are bracing for a potential drop to $111K before the next leg up.

Here's what's really going on behind the charts.

The $111K level isn't just some random number. It's the make-or-break zone where institutional buyers parked their bids during the last consolidation phase. If BTC holds here, we're looking at fuel for the next moonshot. If not? Well, even crypto can't defy gravity forever.

Meanwhile, traditional finance pundits are suddenly experts again—just like they were during the 90% crashes they completely missed. Funny how that works.

Analyst Highlights “Unrealized Gap” in Bitcoin’s Price Movement

According to data shared on CryptoQuant’s QuickTake platform, the $111,000–$115,000 range remains an untested zone that could see renewed activity in the future, despite broader market optimism.

CryptoQuant contributor and on-chain analyst CryptoMe has identified what he calls a “gap” in Bitcoin’s recent trading behavior. The analyst noted that between July 9 and 14, Bitcoin experienced a rapid rally from $110,000 to $123,000 without significant trading activity in the $111,000–$117,000 range.

On-chain data during that period reportedly showed limited retail participation, with most buying pressure coming from institutional players. “This rapid upward MOVE created a visible gap in the UTxO histogram,” CryptoMe explained, adding:

Few transactions occurred in that range, meaning unrealized outputs were not established. Historically, such gaps have often been revisited by the market, filling those levels over time.

The analyst also mentioned that part of the gap has already been addressed with price action touching $115,000–$117,000 in recent sessions, but the lower section around $111,000 remains unfilled.

Historical Patterns Suggest Possible Retest of $111K

Drawing from Bitcoin’s 16-year price history, CryptoMe pointed out that similar scenarios have occurred before. For instance, in 2024, bitcoin skipped the $70,000–$80,000 range on its way to $110,000 but eventually revisited and filled that gap.

Based on these recurring patterns, the analyst believes the $111,000 level may see a retest, even in a generally bullish environment. “What remains uncertain,” CryptoMe said, “is whether this will happen as a direct drop from current levels or after a further climb, potentially toward $140,000, followed by a correction.”

The analyst advises market participants to consider the possibility of a pullback when planning their risk exposure and leverage positions, noting:

But either way, I believe the gap will be filled! So investors should know that, even in this bullish environment, a pullback toward 111k is still possible, and they should adjust their positions, leverage, and risk levels accordingly.

Featured image created with DALL-E, Chart from TradingView