Bitcoin Drops Below $111K, But Expert Sees Rally Toward $120K Soon

Uncover the newest tendencies within the Altcoins house. This article dives into: “Bitcoin Drops Below $111K, But Expert Sees Rally Toward $120K Soon”.

Over the previous 24 hours, the worldwide crypto market fell 2.8%, sliding to $3.92 trillion. Bitcoin additionally dipped under $111,000, exhibiting weak spot throughout the market. Despite the pink, veteran dealer Matthew Dixon sees alternative, suggesting this dip may very well be a primary “buy-the-dip” zone, setting Bitcoin up for its subsequent upward transfer.

Bitcoin at Buy-the-Dip Zone

According to Dixon’s chart evaluation, the present Bitcoin worth may provide a superb probability to purchase and accumulate positions. The largest cryptocurrency has dropped by 3.08%, reaching $110,735.02. Its market dominance has additionally fallen barely to 58.2%.

As of now, it’s buying and selling in a key “buy-the-dip” vary between $108,000 and $110,000. Dixon notes that so long as Bitcoin stays on this zone, the general bullish pattern stays intact.

#Crypto Positioning (Retaining Bullish Bias)#Bitcoin Pulled again under $113K, however nonetheless in a broader bullish construction.
Buy-the-dip zones round $BTC $108K–$110K stay key helps. Upside targets are $118K–$120K if threat sentiment stays optimistic.#Ethereum & Major #ALTs… pic.twitter.com/pZ3DoHSJZs

— Matthew Dixon – Veteran Financial Trader (@mdtrade) August 25, 2025

Supporting this view, Veteran crypto dealer Michael van de Poppe additionally believes that the present dip is a possible alternative to build up BTC. Additionally, buying and selling quantity patterns on the charts strengthen this outlook, suggesting that patrons may step in at these ranges.

Bitcoin To Revist $120K Again!

What makes Dixon’s evaluation totally different is his calm method. He doesn’t panic over short-term drops and sees the pullback as a standard a part of the market cycle. According to him, “Bitcoin is still bullish,” and the chart exhibits that after this correction, the following transfer may take it towards $120K.

For merchants, this dip may very well be a superb probability to purchase earlier than the following rise.

Altcoins Follow Bitcoin, But Opportunities Arise

Furthermore, Dixon factors out that Ethereum and different main altcoins have dropped together with Bitcoin. However, previously 24 hours, 166,122 merchants had been liquidated, totaling $837.79 million.

Meanwhile, this type of broad weak spot can create rotation alternatives for merchants. Dixon highlights that decrease liquidity in altcoins could make their worth strikes sharper when patrons return.

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