$BTC There is a noticeable change in market dynamics.
The chart clearly shows each sideways accumulation phase followed by a strong breakout, specifically:
$83K–$86K → accumulation → breakout to $93K–$96K
$93K–$96K → accumulation → breakout to $101K–$105K
$101K–$105K → accumulation → breakout to $106K–$112K
However, at the $106K–$112K range, there is no longer a strong breakout like in the previous ranges.
On the contrary: The price has broken down below this range and is currently trading below the $106K mark.
Buyers will need to reclaim the price range above $106K to reverse the trend. If they cannot achieve this, the likelihood of continued adjustment in the coming weeks remains.