#Bitcoin has fallen to a quite critical level.
For a long time, there were significant $BTC long liquidations in the $115-112k range.
With the drop, 80% of these liquidations have been cleared, and if a wick is formed around $112k, all of them will be cleared.
A lower liquidation tier appears to be in the $108-105k range, but since we are in an uptrend, we expect the price to react to the long liquidations.
If we cannot get a reaction from around $112k despite the clearing of long liquidations, this could indicate that the trend is weakening.
Therefore, it is important to maintain the $112k support and to see a reaction rise with the clearing of liquidations in this area.
This level is also the support point of the short-term uptrend. Therefore, maintaining this level holds extra significance.
Let's closely monitor the $112k support, friends⏰