⚠️ Bitcoin is hanging by a thread: the next stop could be painful
Currently, Bitcoin is trading near $104,700, remaining in dangerous proximity to the key support zone — $101,159. This is where active demand was previously observed, but now buying activity has noticeably diminished.
📉 Trading volumes below $101,159 continue to decline — this is a worrying signal. The market is showing weakness, and if this boundary is broken downwards without a strong rebound upwards, the price could quickly collapse.
🎯 Possible targets for decline upon a breakout:
• $98,022
• $95,799
• $93,316
📊 As long as Bitcoin remains above the danger zone, there is a chance for recovery. However, any increase in pressure could trigger a cascade of liquidations and panic selling.
📌 The level of $104,700 currently acts as a temporary balance threshold — but it does not guarantee protection. The situation needs to be monitored very carefully.
