Bitcoin Correction Continues: $107K Support Eyed as Market Faces Uncertainty

Bitcoin’s price remains under pressure, facing ongoing correction and traders are closely monitoring support levels that could dictate its next major direction. Currently trading below the $112,000 resistance level, Bitcoin recently encountered a rejection before falling to the crucial support of $107,000. Market analyst Michael van de Poppe suggests this correction may not be over and predicts further dips before potential recovery.