BTC Price Analysis: Pullback to $111,673 and Breakthrough Above $120,000 Present Prime Buying Opportunities

Key Points

1. BTC’s $111,673 pullback is identified as a strategic buying level by 10x Research.

2. Stabilizing above $120,000 could confirm bullish momentum and attract further investment.

3. Volume spikes near $111,673 and $120,000 corroborate the significance of these price points.

4. Technical indicators such as the Relative Strength Index (RSI) and Moving Averages suggest these levels are pivotal.

5. Price retracements below $111,673 could invalidate the bullish thesis, and failure to hold above $120,000 might lead to short-term corrections.