Bitcoin has faced a notable drop of -8% this week, testing its strength at crucial support levels. After holding the $93,345 zone, it’s still possible that Bitcoin could continue its upward trajectory, with the next major target around $114,785 if the demand area continues to hold strong.
However, if we see further weakness and the price fails to maintain above the $93,345 support, a potential breakdown could lead us to the next demand zone around $68,520.