Bitcoin: Near-Term Risk of -15% to -25% Pullback Amid Key Support Tests

I'm watching Bitcoin as it attempts to reclaim support after bouncing from a dip below $115,000. While a rebound is possible, several analysts warn that BTC could enter a corrective phase, with a potential 15% to 25% pullback that would test crucial supports around $112k and even $108k if the bid fails.

From a price-action perspective, BTC has been oscillating within a tight range, and a confirmed break below the key $112k level would raise odds of a deeper decline toward the lower band of the recent consolidation. Conversely, a sustained rebound could reset momentum and push toward the range highs, but the risk remains that the correction could be shorter than previous cycles yet still perceptible in the near term.