<ul><li>Bitcoin price has turned bearish after reaching a new all-time high above $111,000 back in May, currently down by 6% from its peak and trading at $104,000.</li><li>Bitcoin exhibited a textbook accumulation phase since May's uptrend, leading to the recent all-time high, with a 'Power of 3' concept involving Accumulation, Manipulation, and Distribution.</li><li>The decline below $106,000 support level indicates a notable shift in market structure, raising the possibility of a further drop to around $92,000, attracting more liquidity and potential for another rally.</li><li>The potential pullback to $92,000 should be seen as an opportunity to buy rather than a sign of weakness, as it could reset sentiment and pave the way for renewed upward momentum in the long run.</li></ul>

Bitcoin Price Risks Break Down To $92,000 As It Enters Accumulation Phase

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