Bitcoin is currently showing weakness, having dropped below the critical $115,000 support level for the first time since July 25. Analysts warn that failing to reclaim this level may lead to further declines toward $104,000, as evidenced by recent liquidations totaling $172 million. Additionally, a bearish divergence observed on Bitcoin's weekly chart indicates waning bullish momentum, potentially leading to deeper corrections. Historically, similar patterns preceded significant market pullbacks, suggesting a potential retracement to around $92,000. On the metrics front, Bitcoin's Net Unrealized Profit/Loss (NUPL) is signaling increased profit-taking, which could also contribute to further downward pressure. While some analysts remain bullish, predicting a price of $138,000 in the coming months, the current technical indicators are raising concerns about impending losses.

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