Bitcoin has reached its peak for now, and we are now witnessing a significant drop in price. We had previously warned about the impending correction, as the price was unable to maintain the $118,000 support level. There is a possibility of a retest in the range of $118,000 to $118,500, and the subsequent price action will be crucial. If we experience a rejection at this level, it could lead to a decline towards the $115,000 mark.

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