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Bitcoin price needs to return to $114,000 to avoid further correction
According to Cointelegraph, Bitcoin's price needs to close above $114,000 this week to avoid a deeper correction. If it fails to hold $112,000, it may trigger a drop to $103,700.
Bitcoin's price has fallen for three consecutive weeks, down 11% from the historical high of $124,500 on August 14. Trader Sam Price stated that $114,000 needs to be turned into support to confirm an upward trend.
Analyst Rekt Capital emphasizes that if Bitcoin fails to return to the $114,000 support, the correction period may be extended. MN Capital founder Michael van de Poppe believes the $112,000 support is crucial.
Bitcoin's price has fallen for three consecutive weeks, down 11% from the historical high of $124,500 on August 14. Trader Sam Price stated that $114,000 needs to be turned into support to confirm an upward trend.
Analyst Rekt Capital emphasizes that if Bitcoin fails to return to the $114,000 support, the correction period may be extended. MN Capital founder Michael van de Poppe believes the $112,000 support is crucial.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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