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?
We should be more interested in what happens after each bull or drop rather than when the next drop will happen. for all we are sure of, it takes just a fraction of time for bitcoin to cross boundaries and for the $120k, it is even easier to cross it and go higher than it was crossing the $100k point. i still think that we are in a bull run and likely, the bull will continue for a much longer period of time. slight corrrections are part of the bull but they are not an indication that bitcoin will fall. sma eway when bitcoin gets bulish, it does not go staright way to the moon, when bitcoin also experience some sort of short term correction, it does not also goes completely beer.