Bitcoin News Today: Bitcoin's pullback to critical $111,673 support draws 10x Research entry call

Bitcoin’s potential pullback to a critical support level near $111,673 has drawn attention from 10x Research, which frames it as a favorable entry point for investors seeking improved risk-reward dynamics. According to Markus Thielen, founder of 10x Research, a retest of this level—identified as the May high—could offer a strategic opportunity for traders to capitalize on a potential rebound after a broader market correction. Thielen emphasized that historical price behavior often sees markets revisit breakout points before advancing, making the $111,673 threshold a key juncture for observing buyer resilience [1].

The analyst’s outlook hinges on technical analysis of Bitcoin’s price action, noting that a successful defense of this support level could signal renewed institutional or retail buying interest. Thielen acknowledged the volatility inherent in the current market but argued that patience could mitigate risk. If Bitcoin does not retrace to $111,673, the alternative entry point above the $120,000 breakout—marked by breaking the downtrend line from July 14th and 23rd highs—remains a viable target. However, the pullback scenario provides a more asymmetrical risk-reward profile, as a breakdown below $111,673 could deepen the correction [1].

The recommendation aligns with broader market dynamics observed in recent weeks, including macroeconomic uncertainties and shifting investor sentiment. Thielen’s focus on the $111,673 level reflects its historical significance as a resistance-turned-support, where prior rebounds occurred. By positioning the pullback as an opportunity rather than a risk, the analysis appeals to long-term holders and tactical traders seeking to leverage structured entry points. The approach contrasts with aggressive strategies advocating immediate investment at higher prices, underscoring Thielen’s emphasis on disciplined risk management [2].

The timing of the analysis, released as Bitcoin approaches its year-end phase, highlights its relevance for short- to medium-term investors. While speculative activity has surged in alternative tokens, Thielen’s focus remains on Bitcoin’s core fundamentals. A successful defense of the May high could trigger a rally toward higher psychological milestones, whereas a breakdown might prolong the correction. This duality underscores the importance of monitoring price reactions at key thresholds, a practice that blends technical analysis with macroeconomic context [2].

Thielen’s strategy has resonated within the trading community, particularly for its emphasis on risk-adjusted returns. By framing the $111,673 level as a high-probability entry, the 10x Research founder aims to guide investors through a period of consolidation. The approach aligns with broader trends in crypto markets, where structured approaches to volatility are increasingly valued over speculative bets. This focus on defined risk-reward ratios also appeals to institutional participants entering the space, who prioritize transparency and discipline [1].

Sources:

[1] Hunting For Bitcoin? Analyst Points to Best Entry Levels

https://www.coindesk.com/markets/2025/07/28/here-is-the-bitcoin-price-level-that-could-be-an-attractive-entry-point-for-btc-bulls

[2] Bitcoin Traders Consider Market Entry Tactics

https://m.economictimes.com/crypto-news-today-live-28-jul-2025/liveblog/122939448.cms