Following a surge above 124,000 USD, Bitcoin (BTC) faced a notable 7% decline. The failure to remain above the Fibonacci resistance of 122,056 USD suggests waning bullish momentum is raising concerns about further losses.
Daily and weekly analysis indicates critical breakdowns with support levels highlighted at 111,982 USD and 100,000 USD. Observed technical signals suggest a vulnerability for BTC, potentially leading to retests of these critical support levels.
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