bitcoin recently dropped from $126K to $104K in a single week, stirring intense speculation about its direction. Traders are split between expectations of a fast V-shape rebound or an extended slide under $100K. A widely shared heatmap points to liquidation ranges from $80K to $140K, emphasizing how uncertain the situation feels. Some observers think market momentum and short squeezes could push bitcoin toward $107K or $109K before any larger move unfolds. Over $20 billion in shorts near $130K creates fuel for sudden reversals if pressure builds. Others believe previous failures to break technical structures might help the recovery attempt. Still, certain analysts argue that historical trends make a deeper move toward $80K more realistic. They note that sharp corrections in bitcoin often lead to sideways phases before any large recovery. The decision point matters because a fast rebound could mark the early phase of a new bull run, while dipping under $100K might point to a bearish cycle. Liquidation clusters continue to attract price activity and signal where traders could get trapped. The community is watching for a break in structure or influential news that might push bitcoin decisively. Every fluctuation in bitcoin adds to the tension as investors weigh either resilience or weakness in the current cycle. With uncertainty high, the next steps for bitcoin could define sentiment for months. For many, this is a pivotal moment in how bitcoin behaves during volatile conditions.