Bitcoin Hits $111.5K Pivot After Textbook Reversal – Next Move Decides Trend Strength

Textbook follow-through on the short side 📉

After that clean push into $116.4K, momentum flipped sharply, and every downside target we mapped last week has now been hit in sequence.

$113.3K couldn’t hold as structure support, and price just tagged $111.5K, our final short-side target from the prior setup.

👉 Now we’re sitting right on the pivot zone – a key technical area that will decide whether this move turns into a controlled correction or accelerates into deeper territory.

How We Got Here

The setup unfolded in classic fashion:

• Price extended into $116.4K, a level that had already acted as supply in earlier sessions.

• Momentum faded as buyers struggled to sustain new highs.

• Once $113.3K broke, structure flipped – support turned resistance.

• From there, sellers stepped in with conviction, driving price to $111.5K, the next liquidity pocket.

This pattern wasn’t random – it’s one of the most reliable formations in trading: breakout, retest, reversal.

Every stage tells a story about trader behavior.

• The breakout pulls in optimism.

• The retest catches hesitation.

• The reversal punishes overconfidence.

Those who understand this rhythm aren’t surprised when a breakout fails – they’re prepared for it.

Technical Breakdown

On the short-term chart, Bitcoin is now testing a decision zone where short-term buyers and sellers meet.

• Immediate resistance: $113.3K – former support that now acts as a ceiling.

• Current pivot: $111.5K – price sitting right here after hitting our final target.

• Next support: $110K – the lower boundary of this short-term structure and potential liquidity magnet.

• Deeper demand: $108K–$107K – the next structural shelf if $110K fails.

If $111.5K holds and price bounces, the rebound target is $113.3K, followed by $114.8K.

If $111.5K breaks, the path toward $110K opens cleanly, and momentum could accelerate quickly.

👉 You can study this exact structure and practice trading it inside our Trading Simulator.

Why This Pattern Matters

This setup is a textbook example of a double top reversal.

It’s one of the simplest yet most powerful structures a trader can recognize.

Here’s how it forms:

• Price rallies and hits resistance (first top).

• Pullback brings relief buying.

• Price retests the same zone and fails (second top).

• Support breaks, confirming the reversal.

The key signal isn’t the second top itself – it’s the failure to make a higher high and the break of the neckline, which in our case was $113.3K.

Every time this pattern appears, it’s not about predicting collapse – it’s about understanding exhaustion. Markets move when liquidity shifts hands, and this pattern shows exactly when that happens.

👉 Learn the logic behind this pattern in the Double Top module inside our Trading Academy.

Market Context

Beyond structure, the broader picture supports the recent pullback.

• Macro backdrop: Traders are rotating into cash and short-term bonds ahead of upcoming CPI data.

• Risk sentiment: Equities paused after multiple sessions of gains, reducing overall appetite for high-beta assets like crypto.

• Liquidity flows: Perpetual funding rates have normalized after being elevated last week, showing that leverage is being cleaned up.

This doesn’t mean the uptrend is over – it means the market is rebalancing after an overheated run. The same structure that caused last week’s surge is now unwinding, creating opportunity for both sides.

What Comes Next

Bitcoin is now sitting at the perfect decision point.

Scenario 1 – Bullish Defense: If buyers defend $111.5K–$110K, we could see a technical bounce. The first confirmation would be a reclaim of $113.3K, signaling that demand is absorbing supply. A push above $114.8K would confirm structure recovery.

Scenario 2 – Bearish Continuation: If $111.5K fails, momentum could carry price to $110K and possibly $108K–$107K. The move would be mechanical – liquidity chasing liquidity. This would complete the reversal sequence before a stronger accumulation phase begins.

Either path provides clear structure. The key is to trade reaction, not prediction.

Trader Psychology

Reversal phases are where emotion takes over. Traders who missed the top want revenge; those still holding longs hope for recovery. But professional traders treat this as a neutral zone – a place to observe structure, not chase direction.

Patience is your edge here. Wait for confirmation at $111.5K or $113.3K before taking new exposure. Every strong move begins where impatience ends.

Bottom Line

Bitcoin completed a clean breakout–retest–reversal sequence, tagging all downside targets with precision.

• Above $113.3K: rebound potential toward $114.8K and $116.4K.

• Below $111.5K: continuation toward $110K and possibly $108K.

The market is at a pivotal junction. The next few candles decide whether we transition into consolidation or extend the correction.

Stay patient, stay structured, and let price lead.

👉 Follow intraday updates on Daily Insights and sharpen your reversal-trading playbook inside the Trading Academy.

Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.