Bitcoin drops under $120K as bearish data sparks 10% BTC price dip warning

Bitcoin risked losing $120,000 support as repeat retests caused traders to see much lower BTC price targets coming in the near future.

Key points:

Bitcoin risks new October lows as sellers regain control and BTC price discovery gets put on hold.

Targets include the local range lows at around $108,000 amid bearish divergences.

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