Bitcoin is testing major medium-term support around $108,257.29. A medium-term trend line from 2017 was rejected on a pullback, initiating a downtrend to test current levels. The analyst notes the high trading volume near $108,000, which served as prior resistance and support. A test of the $107,300 range would serve as the level to de-risk. A volume profile shows volume spiking at the $108,000 level. RSI indicates a trend, but it can be prone to fake outs, but the analysis points out that a break above $125,000 is still the analysts point of view. Bitcoin's dominance chart is also showing similar trend formations.