Can the Bitcoin support of $107K-$110K collapse?

Bitcoin Approaching Critical Support Level

Bitcoin is currently close to the critical support level between 107,000 dollars and 110,000 dollars. This area holds significant importance for investors in terms of market direction. If the bulls are unable to maintain this support level, it could lead to a serious decline.

Analysts point out that such a breakdown could result in an effect similar to the selling waves seen in March and April. If the market struggles to defend this critical level, a deeper loss in value could be experienced.