Bitcoin's price has fallen over 3% this week, dropping to $111,590 and breaking below key support levels. Social media mentions of 'buy the dip' have surged, suggesting bullish sentiment among retail investors, but analysts warn this could be a contrarian signal indicating a deeper price pullback. The liquidity trends could pull Bitcoin down to around $107,000, highlighting growing caution among bulls as the 50- and 100-day simple moving averages have lost upward momentum for the first time since April. As traders analyze market trends, the volatility persists amid increasing 'buy the dip' calls, a sign often associated with market corrections. The sentiment analysis from various social platforms shows this uptick in 'buy' mentions is typically a precursor to further price declines.

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