BTCUSDT Analysis by @qriptal

The analysis begins by reviewing a previous prediction that Bitcoin would drop to the 117.6 level, bounce, break the high, and potentially make a new all-time high. The price hit the support at 117.6 and bounced but failed to make a new high, falling back to the entry price. Looking forward, the analyst is focused on a 117.4 support level to build two scenarios. One, that Bitcoin might drop from the current level to 113000 before going up to the 131000 level, second Bitcoin drop from 118480 to the 117.4 zone to move up to reach the 131000 level.