Yigit Taha OZTURK 
After a period of relative calm in the crypto markets, the tide has turned as Bitcoin faces renewed downward pressure. The 109,400-dollar resistance level, a key technical barrier, once again proved too strong for bulls to overcome.
This rejection sent BTC into a rapid decline, raising concerns among traders and market observers alike.
New Resistance Emerges As Key Level Breaks
Following the failed attempt to breach 109,400 dollars, Bitcoin also lost the 108,791-dollar support, falling as low as 107,500 dollars. With this shift, 108,791 now acts as a fresh resistance point, while the next critical support lies near 107,000 dollars.
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Analysts warn that if this support fails, BTC could continue its slide toward the 105,000-dollar range, marking a deeper correction in the short term. Such a move could trigger further selling and a rise in bearish sentiment.
What Should Investors Watch For?
Given the recent developments, caution is advised. Technical indicators are weakening, and declining trading volumes suggest a drop in market confidence. Holding the 107,000-dollar support is essential for a potential rebound.
Should that level give way, Bitcoin may face accelerated losses. Investors are urged to manage risk carefully and set clear stop-loss levels to protect against further downside volatility.
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