Cryptocurrency research firm 10x Research identifies $111,673 as a pivotal support level for Bitcoin traders seeking cost-effective entries into the anticipated bull market. This strategic price point offers favorable risk-reward parameters compared to higher valuations, presenting a critical opportunity should Bitcoin undergo a correction.
Technical analysis indicates that a successful retest of the $111,673 zone would confirm underlying market strength before embarking on sustained upward momentum. In scenarios avoiding this pullback, analysts recommend establishing positions upon decisive breakthroughs above the $120,000 resistance threshold.
The advisory emphasizes historical precedents where major cryptocurrency assets frequently consolidate at key support levels before initiating prolonged bull runs. Traders are encouraged to monitor these price zones methodically, balancing patience for potential dips with readiness for breakout confirmation.