Bitcoin has entered a corrective phase after its recent all-time high. Market sentiment is cautious, and the next move will decide whether the pullback extends or a fresh bullish leg begins. BTC has broken down from its rising channel after failing to hold above the $124K mark, leading to a correction toward the $110K support zone. The rejection from the top of the channel signals that bullish momentum has weakened, and sellers have taken more control in the short term. If Bitcoin fails to climb back above $110k, the next key support lies near the $104K fair value gap.
Source: CryptoVizArt
More posts by this author, 2025-09-03; https://cryptopotato.com/bitcoin-price-analysis-will-a-key-support-break-trigger-more-losses-for-btc/