Bitcoin is at risk of new October lows as sellers regain control, putting price discovery on hold. The target is around $108,000 amid bearish divergences, with daily losses nearing 3%. Data suggests BTC is likely to give way to shorts, with bids at $121K-$120K. Support tests at $114K are possible. Bid support is lacking below $120,000, with a return to $108,000 on the radar due to bearish divergences and lack of momentum. This situation could persist despite recent all-time highs.

Read more at Cointelegraph: Is Bitcoin About To Retarget $108,000 Range Lows?