On-chain analytics firm Negentropic predicts that Bitcoin is facing a crucial support test at $101.5k. If Bitcoin fails to hold this support, it could lead to a deeper drop. However, if Bitcoin can reclaim this support, it could open the doors towards $110k. Negentropic's analysis is based on the fact that Bitcoin briefly touched $108,000 before correcting. The $101.5k-$102.5k zone is a major support zone for Bitcoin, and a successful reclaim of this support would be a bullish sign. It is important to note that this is just one analysis, and there is no guarantee that Bitcoin will follow this path. However, Negentropic's analysis is based on solid data, and it is worth paying attention to.

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