Bitcoin Faces Crucial Test: Bulls on the Brink of Bear Market?

Bitcoin’s price is currently hovering around $107,400 after dropping by 3% in the last 24 hours and 7% over the past week. Traders are closely monitoring key price levels as the market tests long-term support. The month’s close may be a turning point for the cryptocurrency market. 7% drop in the past week. Key Support Levels Remain in Focus