Bitcoin Falls Below $110,000, Swissblock Analysis Shows Market Still Safe

Bitcoin (BTC) experienced a market decline, dropping over 5% and falling below $110,000, near August's lows. Analysts are divided on whether this is a correction or start of a bearish trend.

Market Insights from Swissblock

Swissblock's analysis suggests Bitcoin's bullish structure is intact despite losses, based on a risk-off signal indicating no high-risk regime entry.
The bullish recovery may begin at Bitcoin's support level of $108,000 with potential institutional demand driving new gains.
Institutional demand is critical as long-term holders reduce holdings, indicating "late-cycle behavior." However, the absence of a high-risk signal suggests institutions can absorb the supply.

Potential Q4 Bitcoin Surge

Crypto analyst Lark Davis notes a pattern of September declines followed by Q4 surges. In September 2023, Bitcoin dropped 8%, with a subsequent 77% rise in Q4.
Bitcoin currently trades at $109,401 with a minor 0.11% gain, while daily trading volume decreased by 19.16%, valued at $60.52 billion.