Bitcoin needs to maintain a weekly close above $114,000 to avoid a significant correction and demonstrate ongoing bullish strength, currently facing its third consecutive week of losses. Analysts emphasize the importance of $112,000 as a support level; if breached, it could lead to a downturn toward $103,700. Traders like Sam Price suggest that bulls are actively defending $109,000 and that a close above $114,000 is crucial to maintain upward momentum. Rekt Capital highlights that failing to hold above $114,000 would lead to lasting bear pressure. Contrarily, if the price falls below $112,000, it confirms a bearish trend with indications of further declines. Liquidation data suggests potential drops to $104,000 to capture liquidity. This analysis stresses the technical levels and market sentiment surrounding Bitcoin's near-term price movements, advising caution in trading decisions.

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