where the Bitcoin market might move next. BTC has been undergoing continuous correction lately, and if you notice, from its all-time high, it has corrected quite significantly.

Bitcoin has already shown a correction of more than 9% & recently we’ve seen a sharp 6% fall breaking the previous low around ₹114K and grabbing liquidity—but instead of bouncing, the price continued to fall. If BTC doesn’t close above this liquidity grab, the fall may continue unless it pumps from an important reversal zone. If the current support level holds and BTC starts pumping, it could potentially reach ₹120000 since many buy-side stop losses are there.

However, there's resistance around ₹114500 where BTC might struggle or spend time before breaking out. If it crosses this zone, strong momentum could follow.

All-time high liquidity is still pending around ₹123000, so if BTC starts pumping from here, there’s good potential. But new entries at the current price aren’t advisable unless BTC forms a solid trap pattern near the 4-hour SSL. The market has already bounced from support, and if it fails to hold, a crash could take BTC down to ₹16000 or even ₹14000. So, this support level is crucial. If it’s lost, we’re ready to short the market; otherwise, we wait for a breakout toward ₹120000.

On the daily chart, a major trendline is being followed, BTC took a daily close below it, which is risky. If the previous historical resistance-turned-support holds, BTC could rally back to the all-time high. If not, the price might crash to ₹98000 or form a new weekly low.

If you've taken a long position, your target could be around $83000, and your stop loss should be just below the current support—either that or set it at breakeven. This support zone is critical; if it becomes resistance, BTC will struggle, but once it breaks, it could rally like a rocket. If a double bottom (W-pattern) forms here, that’s a bullish sign too. But, this support must hold—if it breaks, everything changes. Hope everything is clear now. Let us know in the comments how you liked this.