<ul><li>Bitcoin reached an all-time high of $111,814 on May 22 but has since faced bearish pressures and failed attempts to break above this level.</li><li>Recent price action has shown lower highs on the 4-hour timeframe, indicating a potential loss of bullish momentum according to technical analysis.</li><li>There is a clear rejection pattern near the $111,000 to $112,000 zone, resembling a double top structure that could lead to a market reversal.</li><li>Analysts project a potential drop to the $101,000 to $102,000 support zone for Bitcoin's price, with current trading at $105,272 and a focus on holding above $105,000 to avoid further decline.</li></ul>

Analyst Predicts Big Drop For Bitcoin Price As Bearish Pressures Mount After $111,000 ATH

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