Bitcoin taps $111.3K as forecast says 10% dip ‘worst case scenario’

Bitcoin retesting $100,000 would match previous BTC price dips since the end of 2024, Fibonacci retracement analysis shows.

Key points:

Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead.

BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone.

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