if we go down to 105k, its most likely an indicator of bigger investors vacuuming up longs before pushing for $150k - we hope this is the case as it would fit well into the 4 year cycle where Sept the following year of the halving is dead and October sees a big push.... (NOT FINANCIAL ADVICE - SIMPLY SPECULATION)
Those 4 years cycle was already broken. The current price movement is already doesn’t follow that cycle imho.
There’s a big difference on crypto regulation between now and the past, we already have institutional traders and governments that invest on Bitcoin that gives us assurance that the price will not collapse the way in the past.
There’s still chance for a dip below 90K but not way lower like the previous ATH at 60K+.