$BTC Graphical analysis of Bitcoin:
Considering the recent highs in Bitcoin prices, an additional upward wave targeting the level of $123,687.70 can be expected.
The current movement shows a temporary corrective nature before resuming the upward trend towards this level.
However, if the corrections and declines continue, it is possible that the drop could extend to test a key support level at $108,104.25.
If this support is broken and the price closes below it, the bearish scenario may widen, pushing the price down towards the level of $97,429.10.
Therefore, these support levels should be closely monitored to determine the future price path and make appropriate investment decisions accordingly.
