Bitcoin Correction Continues: Will Support Hold at $105,000?

Despite recent gains pushing Bitcoin past $130,000, the cryptocurrency is experiencing a correction. This downturn is causing concern among analysts as the Relative Strength Index (RSI) remains above oversold levels. They point to a potential further downside and highlight key support zones around $105,000. The recent dip has seen Bitcoin trade around $108,500, down over 2% in the last 24 hours according to CoinMarketCap and TradingView. Experts like More Crypto Online and CrediBULL Crypto have shared their insights on X (formerly Twitter), highlighting potential for continued downside pressure but also defined support zones that could signal a reversal.