Bitcoin Price Analysis: Will BTC Drop Below $110K This Week?

Bitcoin has recently faced heightened volatility, with the price rejected near the $118K supply ￰0￱ market now sits at a pivotal area where order flow and liquidity pockets will determine the next directional ￰1￱ Analysis By Shayan The Daily Chart On the daily timeframe, Bitcoin was rejected from the supply zone at $118K, which aligns with the descending channel ￰2￱ multiple failed attempts to sustain momentum above $120K, the price retraced sharply and is now hovering above the $111K–$110K demand ￰3￱ pullback also tested the 100-day moving average at $111K, a level that has consistently provided structural support, underscoring its ￰4￱ long as Bitcoin holds above this demand cluster, the broader uptrend remains intact.

However, a decisive breakdown here would likely expose deeper liquidity near $107K–$105K, where stronger demand is expected.