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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Aug 25, 2025 11:54 UTC
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Bitcoin Drops Below $111K, But Expert Sees Rally Toward $120K Soon
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BTC $ 115,394.96 (-0.52%) 
Veteran trader Matthew Dixon predicts Bitcoin could soon rebound toward $118K–$120K despite recent dip.
Bitcoin slips under $111K, but experts call it a perfect “buy-the-dip” opportunity.
Ethereum and altcoins fall with Bitcoin, but rotation trends suggest upcoming strong recovery moves.
Over the past 24 hours, the global crypto market fell 2.8%, sliding to $3.92 trillion. Bitcoin also dipped below $111,000, showing weakness across the market. Despite the red, veteran trader Matthew Dixon sees opportunity, suggesting this dip could be a prime “buy-the-dip” zone, setting Bitcoin up for its next upward move.
Bitcoin at Buy-the-Dip Zone
According to Dixon’s chart analysis, the current Bitcoin price could offer a good chance to buy and accumulate positions. The largest cryptocurrency has dropped by 3.08%, reaching $110,735.02. Its market dominance has also fallen slightly to 58.2%.
As of now, it is trading in a key “buy-the-dip” range between $108,000 and $110,000. Dixon notes that as long as Bitcoin stays in this zone, the overall bullish trend remains intact.
Supporting this view, Veteran crypto trader Michael van de Poppe also believes that the current dip is a potential opportunity to accumulate BTC. Additionally, trading volume patterns on the charts strengthen this outlook, suggesting that buyers could step in at these levels.
Bitcoin To Revist $120K Again!
What makes Dixon’s analysis different is his calm approach. He doesn’t panic over short-term drops and sees the pullback as a normal part of the market cycle. According to him, “Bitcoin is still bullish,” and the chart shows that after this correction, the next move could take it toward $120K.
For traders, this dip could be a good chance to buy before the next rise.
Altcoins Follow Bitcoin, But Opportunities Arise
Furthermore, Dixon points out that Ethereum and other major altcoins have dropped along with Bitcoin. However, in the past 24 hours, 166,122 traders were liquidated, totaling $837.79 million.
Meanwhile, this kind of broad weakness can create rotation opportunities for traders. Dixon highlights that lower liquidity in altcoins can make their price moves sharper when buyers return.
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FAQs
Yes, analysts view the drop to ~$110K as a prime “buy-the-dip” zone, suggesting it sets up the next upward move toward $120K.
Altcoins followed Bitcoin’s drop, causing significant liquidations. However, their lower liquidity can create sharper rebound opportunities when sentiment shifts.
Analysis suggests that after this corrective dip, Bitcoin’s next major move could be a push back toward the $120,000 price level.
Yes 
No 
