The Bitcoin price narrowly escaped a deeper breakdown this week, bouncing 2. 1% in the past 24 hours to trade near $103,700 after briefly falling to around $98,900. The move stabilized sentiment, but the market isn’t in the clear yet. To confirm a true recovery, Bitcoin would need to climb another 12% from current levels — a move that would finally shift the structure from caution to confidence and invalidate the ongoing bearish setup
source: https://beincrypto.com/bitcoin-price-avoids-breakdown-but-needs-12-percent-rally/