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.
I believe it will fall below 110K level but for a short term period since there will be a lot of testing on strong support and resistance before it will make a move for the new ATH.
I’m optimistic that we are still in the long term bullrun considering that there’s no free fall on the price that backed by FUD news.
Overall imo this is just a typical correction and testing on S/R.