⏰Bitcoin Alert: Experts Warn of Possible $108K Drop Ahead📉

💥Bitcoin's struggle to sustain gains above $113,000 highlights ongoing volatility in the crypto markets, as traders brace for potential further declines amid a complex macroeconomic backdrop. 👇With concerns mounting over a possible retest of recent lows, the interplay between traditional financial markets and cryptocurrency continues to influence investor sentiment.🥶

Bitcoin faces difficulty maintaining support levels above✅ $113,000 amid signs of weakening momentum. Analysts predict possible dip targets around 👉$108,000, with some suggesting the potential for a decline📉 to $106,000-$108,000 depending on support retention.

The Nasdaq Composite's RSI has hit its highest level since July 2024, raising fears of a broader market correction spilling into crypto assets.

🏦 Federal Reserve hints at a potentially faster pace of interest rate cuts as economic data indicates deteriorating labor conditions.

Market sentiment remains cautious 😳 ahead of upcoming Federal Reserve speeches and geopolitical developments. 💎

Bitcoin (BTC) continues to grapple with attempts to solidify support above the $113,000 mark, but traders remain wary of a possible downward move in the near term. Despite a modest rebound from recent lows, the cryptocurrency's prices hover near critical support levels, with $111,600 serving as current suppor.👈

Market analysts point to key support zones, with some experts highlighting $108,000 as a possible base should bearish momentum accelerate. Michaël van de Poppe, an experienced trader and analyst, commented, "I'm interested to see whether $BTC will hold these crucial levels for support. If that's the case, then $115K upwards would be the next clear resistance point." He noted, however, that a failure to hold key supports could lead to a drop toward $106-108K, describing this zone as a "max buy zone" in case of further declines.📉😳
👉"If not? Probably another cascade to $106-108K -> max buy zone."👈

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