Bitcoin just slipped under a critical level, and the market is watching closely. The drop below $117,000 isn’t just a number—it marks the breakdown of a support zone where more than 720,000 BTC had previously been accumulated, according to BlockBeats. That level was a battleground between bulls and bears.
Now that it’s broken, the situation gets more interesting.
What used to be solid footing between $116K and $119K is now shaky. If the decline continues, the next major support sits between $102K and $109K. A failure to quickly recover $117K could trigger a sharp move down to fill the gap around $112K to $113K.
But if Bitcoin rebounds and holds above that key level? A strong reversal could be on the table.
Things are moving quickly. Eyes on the chart, stay level-headed.
This isn’t advice—just a look at how the market’s unfolding right now.