Bitcoin may be approaching a decisive moment with a possible breakdown below key support levels.
Technical analysis shows Bitcoin fluctuating between an upper resistance zone at $108,000 and a lower support level at $93,000.
A swift break below $93,000 could cause a continued downside move, potentially leading to a decline to the next significant support level around $72,000.
Bitcoin is currently in a phase of consolidation, with both bullish and bearish scenarios possible.