Bitcoin's price has dropped over 11% from its recent all-time high of $108,360, raising concerns about a potential local top. Analysts suggest a possible dip to the $88,000–$90,000 range before a rebound, while a bearish divergence signals the risk of a deeper correction below $90,000. Key support levels to watch include $66,600 and $57,000, with a breakout above $102,000 potentially targeting $114,650.