Bitcoin (BTC) Price Analysis: $107K Support Decides Next Major Move

Bitcoin is currently trading below the $113,000 mark and is showing clear bearish signs in the short term. The bearish divergence we highlighted in our previous analysis is finally playing out, as the recent sell-off has pushed BTC below $114,500, a key support level we were tracking on the micro timeframes. Market conditions are not looking favorable for the bulls, with more than $1.6 billion worth of long positions liquidated in the past 24 hours. The big question now is whether this decline signals the start of a deeper correction or just a short-lived pullback before Bitcoin attempts another bullish move. To find out, we need to examine the latest charts and see what they reveal about the price action ahead.

Our Bitcoin Price Prediction Summary

• Bitcoin is testing the $111K–$112K support after a sharp sell-off and failed hold at $114.5K.
• The $107K level is the key short-term support that could decide whether BTC rebounds or corrects deeper.
• A rising wedge and bearish divergence on higher timeframes hint at risk of a move back toward $100K.

Analyzing the Bitcoin Charts

Looking at the latest 4-hour chart for Bitcoin, the sell-off began after price faced rejection at $117,500 and the immediate support at $114,500 failed to hold. This drop pushed BTC down toward the $112,000 region, where it is now attempting to recover.

As noted in our recent analysis, Bitcoin was forming a bearish divergence on the RSI in the 4-hour timeframe, and that signal now appears to have played out. The key support region to watch is between $111,000 and $112,000, an area that has acted as both support and resistance in the recent past. Bulls need to defend this zone to prevent deeper losses. A failure to hold here could bring the previous local bottom around $107,000 back into focus, with the risk of further correction increasing.

On the 1-day timeframe, the key support level to watch is the previous bottom around the $107,000 region. This level is crucial for Bitcoin since it marks the most recent low on the daily chart. A dip below it would likely open the way for a move toward $100,000 once again. If Bitcoin manages to hold above this level, bulls could attempt to reclaim the $112,000 region and build momentum for another leg higher.

Zooming out on the 1-day timeframe, BTC is also forming a rising wedge pattern. Despite the recent sell-off, the price is still holding within this structure. However, a decisive break below it would make a move toward $100,000 much more likely.

Lastly, zooming out to the 1-week chart, BTC is still in an uptrend but is forming a massive bearish divergence. The weekly chart shows overbought conditions, hinting at the possibility of a deeper correction. If this divergence is not invalidated in the short term, the bearish turnaround could follow the price on the macro timeframes.

Final Takeaway: What is Next for Bitcoin (BTC)?

Bitcoin is currently trading just above the $112,000 support zone and is struggling to build momentum. The weekend sell-off confirmed the bearish divergence on the 4-hour timeframe, though a bounce from this level is still possible. That said, the broader trend shows Bitcoin forming lower highs on the daily chart, which increases the risk of a deeper correction. The $107,000 level remains the key short-term support. If the rising wedge pattern and the weekly bearish divergence begin to play out, a move toward $100,000 could once again come into focus.