Bitcoin Price Analysis: Key Support at $111,673 Offers Optimal Entry Point Before Potential Bull Run

Key Points

1. The $111,673 price point is a significant support level for Bitcoin traders, offering a lower-risk entry opportunity.

2. A pullback to $111,673 could confirm support before a larger bull market advance.

3. Entering above $120,000 is recommended if the pullback does not occur, as it signals a breakout above key resistance.

4. 10x Research suggests waiting for a retest of the $111,673 support level for a better risk/reward ratio.

5. Historical market behavior indicates that retests of support levels often precede sustained bull runs.