The price of Bitcoin has fallen again to around $113,000, reaching a key support level. This area is becoming a battleground for both bulls and bears, and the market trend may be about to experience a significant turning point.

Currently, the forces of long and short positions are in a stalemate, but the overall trend still leans towards a downward direction. In the short term, the price of Bitcoin may experience a slight rebound, potentially reaching around $114,000.

However, this rebound may be short-lived. Market analysts believe that once the price approaches around $114,100, it could trigger a new wave of selling pressure. Investors should closely monitor price movements in this area, as it may become the starting point for a new downturn.

If the bears dominate, the Bitcoin price may further fall to levels of $112,500 or even $112,000. These key price levels will be important indicators for assessing the future direction of the market.

In such a volatile market environment, investors need to remain vigilant, closely monitor market trends, and manage risks effectively. Whether bullish or bearish, one should operate cautiously and avoid making impulsive decisions at this critical moment.