$110,000 DOLLARS per Bitcoin! 🤯 This is the battlefield right now, and if that defense falls, things get spicy.

Let’s be clear, my people, let's talk about what’s happening with our Bitcoin (BTC). The price just took a slip of almost 5% and is dangerously flirting with that psychological and technical level of $110,000. What does this mean? That the tension is at its peak.

Historically, this level of $110K has been a very tough goalkeeper; if it bounces, we’re headed up (we’ve seen rebounds of 12% to 15%). But if it breaks down, the drop can be from 19% to 30%. Watch out!

The Worst Scenario According to the Charts:

Analysts are seeing two things that point to a possible correction:

  1. The "Giant Wedge": A pattern in the charts (the famous "bullish channel") shows us that Bitcoin has hit the ceiling and is now falling. The rule of that pattern says that the price usually seeks the lower support line, which happens to be between $100,000 and $103,000. That zone carries a lot of weight because it also coincides with a very important moving average. 📉

  2. The On-Chain Metric ($96,500): Here is where it gets interesting, because we see what the holders really do. There is a metric that tracks the "fair value" of Bitcoin. If we lose the level of $119,000 (which has already happened), the next magnet is the median line, which is at $96,500.

So, if we break $110,000, the two most likely targets are between $96,500 and $103,000. 😬

Calm down, It’s not an Apocalypse!

Before they sell even the furniture, listen to this: many experts see this as a "healthy mid-cycle reset." Think of it like when the car is revving too high and you need to downshift to gain more momentum. This drop serves to eliminate the "excess leverage" (i.e., overly risky traders) and cool valuations. It’s part of the bullish market party.

Now, the hardest blow: if the price falls below that target of $96,500 and doesn’t recover, then we could be talking about a more serious trend change, with the next support target near $74,000. That would indeed be the drop of drops! 😵

In summary, the area around $110K is what defines the week. If it holds, we continue the party. If not, we prepare for a quick trip to $100K. The question is: Would you buy the dip or would you wait to see what happens?

Stay alert to those $110,000, because that will determine if we recharge energies to continue rising or if the correction is going to get much deeper. Do you think this "restart" is necessary or has the bullish cycle already reached its peak? $BTC