Bitcoin’s $114K Close: Avoid ‘Ugly’ Correction or Risk Major Drop

Bitcoin’s price is facing the prospect of a significant drop this week if it fails to hold above the crucial level of $114,000. Traders and analysts warn that an inability to sustain this support could trigger a major correction, potentially sending BTC/USD prices down to around $103,700. 11% below its all-time high of $124,500, Bitcoin has been on a downward trend for three consecutive weeks.