While Bitcoin surged to a peak of $111,000 earlier this year, the momentum has begun to falter. Trading volume is waning, and technical indicators suggest a possible pullback. Analyst IncomeSharks points out that current market enthusiasm resembles past peaks where optimism eventually faded. Their observations reveal a significant decrease in on-balance volume (OBV), from 1.83 million in July to 1.69 million, indicating decreased buying pressure despite the price increase. Experts believe this scenario increases the likelihood of a short-term correction. If Bitcoin’s critical support at $110,000 is breached, its momentum could weaken. However, surpassing $115,000 may propel prices towards the $120,000-$125,000 range.