Bitcoin rejected a major resistance level at $113,500 and whale money began selling. The analysis indicates an 81% chance of a drop. Failure to break above the $113,500 level would create a lower high, sending the price back into a downtrend. Currently, Bitcoin is trading between $109,900 and $113,500. A 4-hour timeframe is recommended for catching tops and bottoms within this small channel. If the selling by whale money continues, the analysis predicts potential drops down to $107,000.