Bitcoin is currently in the range of 111–112k USD.
Support at 110k is the critical level; its stability indicates a potential decline, while breaking it suggests hope for a positive correction.
Despite the current pressure on demand, fourth-quarter forecasts indicate the possibility of a strong rise.
The expectation: a short-term confrontation at 110k, with a noticeable upward potential to 117–123k as initial targets, and possibly to 160k by the end of the year if market conditions improve.$BTC
