<ul><li>Analyst warns that Bitcoin faces breakdown risk below $106,000, highlighting it as a crucial support level.</li><li>If Bitcoin drops below $106,000, it could trigger a multi-level drop with potential downside targets of $101,000, $100,000, $97,000, or even $92,000.</li><li>There is a visible imbalance in Bitcoin's price chart that might be filled if bearish momentum takes over, with Bitcoin currently trading around $107,560, about 4% below its all-time high.</li><li>On the bullish side, a recovery above $110,000 could invalidate the breakdown thesis and shift momentum back to the bulls, with Bitcoin trading in a range between $106,000 and $112,000.</li></ul>

Bitcoin Faces Breakdown Risk Below $106K, Warns Analyst

Discover more