Bitcoin Correction Deepens as Price Breaks $111.9K Support and Targets Sub-$107K Zone

Bitcoin broke below $111.9K support with heavy selling volume, signaling a decisive liquidity sweep and forcing weaker positions out of the market.

Analyst Michaël van de Poppe identified $103K–$100.7K as a strong demand zone where buyers could re-enter following the correction phase.

Technical indicators show RSI nearing oversold territory and volume surging at lows, suggesting the correction cycle may be approaching exhaustion.

Bitcoin is undergoing a strong correction after breaking key support levels, pushing prices lower and triggering a wave of forced liquidations.

Breakdown of Support Levels and Liquidity Sweep

Michaël van de Poppe, a widely followed analyst, noted on X that Bitcoin failed to hold crucial mid-range supports. These levels between $114.7K and $116.8K gave way, leading to a sharp decline across the market. A decisive red candle pierced through the $111.9K support, signaling sellers had firmly taken control and liquidity was captured beneath the range.

The breakdown was accompanied by higher trading volume, which often indicates strong selling pressure and liquidity hunting activity. The price action revealed a clear sweep of stops as the downward wick showed weaker hands being flushed out. This event aligns with classical market behavior during correction phases.

According to van de Poppe, Bitcoin is now positioned for a potential move toward the sub-$107K region. He identified a broader demand zone between $103K and $100.7K as a key area where buyers are likely to re-enter.

Market Conditions Point to Final Correction Phase

Van de Poppe emphasized that around 90% of this correction appears to be completed. He pointed to technical factors suggesting the market may be nearing exhaustion. The Relative Strength Index is approaching oversold territory, while volume has spiked near recent lows, often a precursor to market stabilization.

Historically, Bitcoin has shown the ability to rebound after similar liquidation-driven corrections. The structure on the chart, paired with demand at lower levels, signals the possibility of a short-lived final dip. A liquidity sweep below $107K would not be unexpected, yet it could mark the final stage before recovery.

The analyst maintained a constructive view beyond the near-term pressure. While the current correction has unsettled the market, he suggested that conditions are forming for a reversal. This phase, he explained, is designed to remove weaker positions before stronger upward momentum develops.

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