Where Is The Smart Entry Point For Bitcoin Bulls?

With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?

According to Markus Thielen, head of 10x Research, the $111,673 zone might be the most favorable entry level for those looking to jump back in. In a recent client briefing, Thielen explained that this former resistance—last tested in May—has now flipped to support, setting the stage for a potential high-reward setup.

“A retest of $111,673 would present a much stronger risk-reward opportunity for long entries,” Thielen wrote.
He emphasized that pullbacks to such zones often offer better positioning, especially when traders are targeting favorable risk-to-reward ratios, typically aiming to double their expected gain versus potential loss.

What if Bitcoin doesn’t pull back?

But what happens if Bitcoin skips the dip? Thielen points to a break above $120,000 as the next trigger for bullish momentum. This level marks the descending trendline formed by the July 14 and July 23 highs. A confirmed breakout beyond this barrier could suggest the market is ready to resume its uptrend.

“A breakout above $120K may signal trend confirmation,” Thielen noted. “But in that scenario, stop-losses need to be tight to manage downside.”

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Strategic timing over emotional entries

The current setup leaves investors with two scenarios: wait patiently for a dip toward a proven support zone or re-enter on momentum if Bitcoin clears $120K with strength. Either way, Thielen’s framework suggests that timing entries based on clear technical levels—rather than fear of missing out—remains critical as Bitcoin approaches potential inflection points.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.