<ul><li>Bitcoin recently faced rejection near the $111K zone after tapping into it, indicating a potential pullback or consolidation phase in the market.</li><li>The technical analysis points out that BTC experienced a rejection from the $111K level, yet the overall structure remains bullish as long as it stays above the $91K demand zone.</li><li>On the 4-hour chart, Bitcoin broke below the ascending channel and faced a rejection from the $108K zone, showing signs of bearish momentum gaining ground.</li><li>On-chain analysis reveals that Bitcoin's Adjusted SOPR is above the 1.0 threshold, signaling coins moving on-chain are in profit, but the market may be entering a more sensitive phase with a potential deeper correction ahead.</li></ul>

Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection

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