Bitcoin Dips 2.7% After Hitting $111K Resistance: What’s Next?

Alright fam, buckle up—because things just got spicy in the markets today. Bitcoin, our beloved apex predator of the crypto jungle, just took a tiny tumble—and the streets are buzzing. If you’ve been watching the charts, sipping your degen coffee with TradingView tabs open, you’ll know we just slipped 2.7% over the last 24 hours. So the big question is… why?

Let’s break it down.

Bitcoin hit that $111K wall like a Lambo doing 200 into a brick of resistance—and it bounced. Hard. Rejection at that level wasn’t just psychological, it was mechanical. The market’s been running hot—too hot. Like an overleveraged ape in a banana shop hot.

And that’s where the real action starts: the long liquidations.

Boom. That thunder you heard in the background? That wasn’t just your neighbor slamming the fridge—it was leveraged bulls getting their positions nuked. We’re talking millions in liquidations cascading as BTC said “not today” and did a quick retrace. It’s the classic long squeeze scenario: everyone apes in expecting liftoff, and when it doesn’t happen… kaboom. The dominoes fall.

Now—before you panic sell, take a beat. This ain’t some existential crash. This is classic crypto cardio. We go up, we go sideways, sometimes we dip. Shake the weak hands, reset the leverage, and reload for the next run.

Because here’s the alpha, short and sweet: the macro narrative for Bitcoin is still bullish. ETF flows are still higher than your favorite influencer on X. The halving is in the rearview mirror but its effects are just getting started. Institutional players are circling like sharks with laser beams. We’re just cooling off after a sprint.

Zoom out and this is healthy action. Compression leads to expansion. Volatility is a feature, not a bug. If anything, savvy degens are licking their lips right now—buying the dip while everyone else is crying into their Coinbase login screen.

So what’s next?

Watch for consolidation around $105K–$108K. If we hold those levels, momentum can rebound fast. But keep your eye on that next big breakout zone at $111K. Once that candle rips above and holds, we’re back to straight-up moon mode. You know how Bitcoin does.

And hey—while some folks are panic-paper handing, remember: volatility is where legends are made. This is the time to stay locked in, not zoned out.

Who’s in? Who’s aping in with me on the next leg up?

Stay hungry. Stay tuned. Let’s get this bread.

Jake Gagain