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.
$110000 will be the new support now since bitcoin has over the past month been able to break the ATH to about $120,000 and it looks like it will break above this new ATH which is considered a resistance by OP , in the coming month, we should expect the chances of this possible break by Bitcoin to get above the current ATH and if it happens to deepens, then we should be looking somewhere around $100k or in worse case $98k .
Many persons has got this expectation for Bitcoin to hit $200k before the year runs out which I do not doubt the possibility around it because of the moves we are seeing, if it were like before when bitcoin moves exactly according to its cycle we should be saying we will be exiting the bull market soo and so the expectations should be dropped a little but currently there have been too many economic factors that has slightly interfered and now the exact direction cannot be ascertained but speculated hence we need to just keep an open mind and stay prepared while expecting almost anything to happen.