If we are still in bull run, a price above $110000 will likely be the support. But will bitcoin be able to increase above the great resistance which is $120000?
Or do you think bitcoin will fall more than $110000?
Bitcoin price right now is $115380.
You are right, we will see Bitcoin fall further. Bitcoin will come down from 112K to 111K, because Bitcoin CME gap has to be filled. And then Bitcoin will start pumping re -pump and see a maximum of 140k to 150k. Since Bitcoin is a good strong, we have no worries. And today is from 119k to 115k, hopefully a few days will be stable here. They have been holding Bitcoin for a long time, they can re -buy, so the fund will increase and after the price increases, more profit will be made. However, I don't think it's unexpected prices. It seems very natural to me and those who have analysed in the market know that Bitcoin has CME gap.