According to the latest data, the price of Bitcoin (BTC) is currently around $112,743.27 with a change of -2.07% in the last 24 hours. If you are asking whether Bitcoin will fall to $104,700, there are several analyses that can be used as a reference.

*Technical Analysis*:
Some analysts predict that Bitcoin is still in a consolidation phase and could experience a fall if it does not break through certain resistance levels. Important support levels for Bitcoin are around $114,500 and $111,700.

*Market Indicator*:
The Money Flow Index (LKM) is approaching 57, which means liquidity is balanced. The RSI on shorter time frames indicates a neutral to slightly bearish market.

- *Market Sentiment*:
There is a possibility that Bitcoin will fall further if it fails to break through the resistance at $116,200. However, if buyers regain momentum above $116,000, the next upside targets are $117,700 and $121,100.

In the past few weeks, the price of Bitcoin has indeed shown significant volatility. In June, Bitcoin briefly fell to the level of $104,987, raising concerns about further declines. However, technical analysis also indicates that Bitcoin could continue its bullish trend if it successfully breaks through certain resistance levels ².

To predict the future movement of Bitcoin, several factors need to be considered, such as

- *Global Economic Conditions*: Global economic developments and monetary policies can affect Bitcoin prices.

- *Investor Sentiment*: Investor sentiment and technical analysis can help predict the price movements of Bitcoin.

- *Support and Resistance Levels*: Strong support and resistance levels can determine the direction of Bitcoin price movement.

In this context, whether Bitcoin will fall to $104,700 heavily depends on various factors and different technical analyses. It is important to monitor market developments and conduct thorough analysis before making investment decisions.