Bitcoin’s Price Under Threat: Could a $112,000 Correction Loom?

A bearish technical pattern suggests potential correction for Bitcoin, which might see a dip towards the crucial support level of $112,000. Despite this, the long-term bullish trend remains intact. Traders are closely watching for signals of a pullback as the $112K area could act as a potential strong bounce point if the market sees a reversal after the wedge formation.