Bitcoin Risks Deeper Losses If $107,800 Line Fails To Hold – Details

Since reaching a new all-time high of $124,427 on August 14, Bitcoin has entered a prolonged corrective phase, losing 12. 18% of its value over the last two weeks. With market prices now moving within the $109,000 range, market analyst Yonsei_dent has identified a pivotal support level to the present bullish market structure. Related Reading: Analyst Forecasts Bitcoin Price Will Break This Support Level, Can $100,000 Hold? Bitcoin’s $107,800 Line In The Sand: Support Or Breakdown Ahead? In a QuickTake post on CryptoQuant, Yonsei_dent shares some technical insight into the Bitcoin market, highlighting several important price levels at the moment source: https://www.newsbtc.com/news/bitcoin/bitcoin-risks-deeper-losses-if-107800-line-fails-to-hold-details/