Bitcoin is facing significant challenges as its price has dropped below $113,800, raising concerns about a potential further decline towards the $110,500 support zone. This bearish trend is marked by a resistance level at $114,000, and unless Bitcoin can break through this barrier, traders may brace for more losses. Understanding these price movements is crucial for investors as they navigate the volatile cryptocurrency market.

Bitcoin is facing significant challenges as its price has dropped below $114,000, raising concerns among investors. The cryptocurrency is currently consolidating losses and may test the $110,500 support level. This bearish trend is marked by resistance at $113,600, indicating that bulls may struggle to regain control. Understanding these price movements is crucial for traders and investors as they navigate the volatile crypto market.