Bitcoin is experiencing a short-term pullback, with technical indicators pointing to an 11% decline. Analyst Ted Pillows suggests that current market conditions mirror those from last year, when a 58% rally followed a Federal Reserve rate cut. Pillows anticipates that the current dip could present a buying opportunity for major investors, potentially driving Bitcoin to $162,000 after the market stabilizes. Currently, Bitcoin is trading at $111,101, holding at key support levels.