Analysts: BTC needs to reclaim $114K to avoid prolonged correction

An analysis suggests that Bitcoin could face a correction down to the $103,000 level if it fails to reclaim $114,000 over the weekend. According to Cointelegraph, cryptocurrency trader and YouTuber Sam Price stated that BTC has been in a bearish trend for three consecutive weeks since hitting a new all-time high. He noted that while the $109,000 support level is holding, the decline could deepen if this week's close is below $114,000. Analyst Rekt Capital, who has 550,000 followers, echoed this sentiment, emphasizing that BTC needs to reclaim the $114,000 support level to avoid a prolonged correction.