$BTC Technical Analysis of #Bitcoin (BTC/USDT)
📉 Bitcoin is currently in a downward wave after failing to maintain the level of 112,854.93 (current resistance).
The price is very close to the support level of 110,862.5, which is considered critical:
If this level is broken with a clear close below 110,862, we may see a drop towards the next support at 108,870.07 and then 106,404.86.
If the price stabilizes above 110,862.5 and rebounds upwards, we may see a retest of the level 112,854.93.