Bitcoin, which recently soared to new all-time highs, is currently undergoing a modest bearish correction. While the broader sentiment remains optimistic, subtle technical developments are beginning to challenge the strength of the ongoing uptrend.
After a powerful rally that took Bitcoin above the $110,000 mark, the price action has entered a period of sideways consolidation. This kind of pause is typical after such aggressive upward movements and doesn’t necessarily indicate weakness—at least not on its own. However, what makes the current situation noteworthy is a technical crack in the bullish narrative: Bitcoin has broken below the black uptrend line that had been guiding the price since the last major rebound.
This breach, while not catastrophic in itself, is the first warning sign that bullish momentum may be slowing. The real test, however, lies ahead. Bitcoin is currently hovering above a crucial horizontal support zone marked at $107,000. This level has played a key role as a demand area, and its integrity is now being tested. So far, the support has held, and buyers remain active. But any daily close below this yellow zone would likely shift the market into a more defensive posture.
Should Bitcoin fall below $107,000, the next logical target becomes the green horizontal support at $102,000. This level served as a resistance during the previous stages of the rally and could now act as a magnet for a deeper correction.
For now, Bitcoin bulls still have the upper hand—but the grip is not as firm as it was just days ago. The coming sessions will be critical. If the current support holds and buyers step in with confidence, the recent dip may prove to be a healthy consolidation before another leg higher. If not, a larger corrective phase could be underway.