The crypto market started the week with a downturn, as per CoinStats. 📈 Bitcoin (BTC) has experienced a decline of 2.29% since yesterday. Currently, the BTC/USD rate sits near its local support level of $114,955 on the hourly chart. If no bounce back occurs and the daily bar closes around that mark or lower, a further downward trend toward the $114,000 zone is anticipated. 📉 📈 📉 Looking at longer time frames, there are currently no clear reversal signals. If the bar closes around current prices with no long wicks, the decline may continue to the support of $112,000 by the end of the week. 🤔 📉 📈 📉 From a mid-term perspective, Bitcoin’s price has been declining after the previous bearish bar closed. If this downward trend continues to reach its nearest support level, there is a high chance of seeing a support breakout, followed by a drop into the $110,000 range. Currently, Bitcoin is trading at $115,650 as of press time.