#BTC #ETH #BNB #XRP #SOL
Bitcoin price is moving within a descending channel (orange) and has not broken it upward.
In the near term: It is likely to drop towards $111,600 - $109,200. If it holds at $111,600, we might witness a short technical rebound to $115k. Continuing to close daily below $111,600 increases the likelihood of a drop to levels of $107k - $105k.
The current trend is bearish unless the price closes above $115,200.
