BTC Price Forecast : Bitcoin dropped below $109K

Bitcoin is hovering around the $110K support. Many analysts caution that if this level fails to hold, a further drop toward $104K or even below $100K could materialize. The RSI remains below 50, suggesting current bearish pressure.

There are tentative signs of a megaphone pattern—typically indicating rising volatility and potentially setting the stage for a subsequent breakout. The immediate support to watch is around $108,724.

Traders believe closing the week above $114K is crucial. Failure to do so could open the door to a steeper correction, possibly toward the $103K–$104K range.

Bitcoin is currently under technical pressure around the $108K–$110K zone. A break below this threshold may precipitate a slide toward $100K is support. Meanwhile, a strong weekly close above $114K could restore bullish sentiment and potentially pave the path toward higher targets.

Despite short-term volatility, the broader narrative remains bullish—underpinned by institutional demand, regulatory clarity, and structural scarcity.
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