Bitcoin has formed a double top pattern near $110–111K, which prompted a short-term adjustment towards the support area. The uptrend line has been violated near $103k–104k, which caused negative pressure on the price and its exit from the previous support range. There are several support levels: such as trend lines, daily moving averages (EMA) such as 50 and 200, as well as psychological levels of $100k and $99–101k.
