Can Bitcoin hold the support zone and start the next round of rise?

Bitcoin has fallen to the support of $115,000. Whether it can rebound to the dollar is crucial.

Can Bitcoin currently hold the support level of $115,000? It is in a consolidating state. Previously, it climbed to $119,250, with a peak of $119,795, and is now correcting to around $115,000.

If it fails to hold the $115,000 level, it may fall again. It has now dropped to the support level of $115,000 (50% Fibonacci retracement level); whether it will break below this support level, falling to $113,500 or further down.