Bitcoin Price Faces $116k Bounce Talk but Analysts Warn of Deeper Risks

TLDR: Bitcoin trades at $112,333 with a 5.60% weekly drop, raising questions about the next move in price action. Analysts warn Bitcoin must dip further before any bounce holds, citing weak retracement and trapped stops. Market watchers highlight $106,666 as the bull market support band, critical for Bitcoin’s next direction. CME gap between $92,700 and [...]

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