Well I do think it will be something bad to happen if we are going to see price of Bitcoin back down to 10,700. There is alot of 'bullish' trends and the momentum is that we will see more gains soon.
Not a 'correction' like this that will take us down alot. There is good support at 110k. When price does go down below that well it does not stay down there for a long time.
You might mean to say $107,000 instead of the $10,700 that you mentioned, because for anyone to even think of Bitcoin going down to $10,700, it's really going to be a disaster, and maybe something very strong might have happened that will push it that low. If not, I don't see that happening, but you see $107,000. I don't see it as something really hard to fall down to, or even below that, and it can also quickly pull off from there again.