Bitcoin Flash Crashes to $112,620, Sparking Buy-the-Dip Debate

2025-09-23 03:45

Bitcoin's price experienced a sudden flash crash, dropping to $112,620 after facing resistance, prompting traders to debate whether this is a buy-the-dip opportunity or a sign of further declines. The cryptocurrency is currently testing a critical support band between $111,000 and $112,000, with the 200-day SMA at $103,615 and the $100,000 level as a significant long-term support. Market analysts suggest that if Bitcoin successfully defends this support, it could rebound towards $115,000 and $118,000. However, a breakdown below the support might lead to a decline towards $105,000 and the psychological $100,000 mark.

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