Bitcoin Bulls Weigh Entry Options as Price Hovers Near Highs

With Bitcoin trading just shy of its all-time highs, investors are closely evaluating optimal entry points that balance risk and reward.

As of Monday, Bitcoin (BTC) held steady near $119,500, prompting a key question for traders: Enter now or wait for a potential dip?

According to Markus Thielen, founder of 10x Research, the ideal bullish entry could come if BTC retests its prior breakout level around $111,673 — a former resistance zone from May that may now act as support.

“We would prefer to see Bitcoin revisit the $111,673 level to offer a more attractive risk/reward setup,” Thielen noted in a client update.

Traders commonly seek a risk-reward ratio of at least 1:2, meaning any long positions are best entered near strong technical support zones. The $111K–$112K area aligns with that criterion, offering better downside protection should prices retrace.

Historically, assets often revisit breakout zones before advancing further, and BTC may follow a similar path. The recent surge followed news of a major U.S.–EU trade agreement, which sparked risk-on sentiment across markets and pushed BTC over 1% higher on Sunday.

Still, if the anticipated pullback doesn’t materialize, Thielen suggests a breakout above $120,000 could act as a bullish confirmation.

“A sustained move above the descending trendline — particularly beyond $120,000 — would validate re-entry, though it would require tighter-than-usual stop-losses,” he added.

Traders are now watching whether Bitcoin can consolidate above key resistance or offer a better risk-adjusted setup on a correction.