Bitcoin (BTC) has dropped over 3% this week, falling below key support levels and triggering increased 'buy the dip' sentiment on social media. The cryptocurrency's price fell to $111,590, breaking through the 50- and 100-day simple moving averages. Data from Santiment indicates a rise in 'buy the dip' mentions, often seen as a contrarian indicator that could signal further price declines. Hyblock Capital has identified the largest liquidity cluster at $107,000, suggesting potential for additional downward pressure on BTC's price.