Bitcoin traders: BTC must close week above $114K to avoid ‘ugly’ correction

Bitcoin may see a deeper correction toward $103,000 after losing a key support level, new price analysis concludes.

Key takeaways:

Bitcoin needs a weekly close above $114,000 to avoid a deeper correction and reaffirm bullish strength.

Failure to hold $112,000 and a bear flag breakdown could trigger drop to $103,700.

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