Bitcoin bounced back above $111,000 at the weekly close, facing resistance. Analysts warn of a potential deeper drop if resistance is not broken, possibly limited to a 10% decrease. Market participants hold different views on short-term price action, with key levels to watch at $112,000 and $100,000. Fibonacci retracement suggests a max 10% drop.

Read more at Cointelegraph: Bitcoin Has a ‘Logical’ Bounce Zone at $100,000