Bitcoin Dips Below $112K Twice, Eyes $110K Support
Bitcoin price dipped below $112,000 on both September 23 and 24, according to OKX data. It slid 0.74% intraday to $111,998.70 on September 23 and dropped 0.81% to $111,958.20 on September 24. These moves highlight ongoing market volatility and intraday declines as traders watch key support levels around $112K. Attention now turns to whether Bitcoin can reclaim the breached level or head toward the next support near $110,000. The sustained dip may prompt traders to adjust positions amid cautious sentiment.
Bearish
Bitcoin’s back-to-back intraday drops below the $112,000 mark signal increased short-term selling pressure and heightened volatility. Traders monitoring the $112K support may adopt more cautious or risk-off strategies, potentially triggering further sell orders if BTC fails to recover quickly. In the short term, the breach of key support often amplifies bearish momentum, while a sustained hold above $110K becomes critical to stabilise prices. Over the long term, if Bitcoin reclaims the $112K level and maintains upward momentum, sentiment could shift more bullish. However, until these thresholds are tested, market outlook remains tilted toward caution.