Bitcoin could recover to $120,000 if it maintains a price above $100,700, according to analyst PlanD. The analyst highlighted that a bounce at this level might indicate a bottom formation, with a bullish weekly close above $100,700 being crucial. This level aligns with Bitcoin's 50-week EMA, serving as a significant support. Currently, Bitcoin is trading at $102,277, experiencing a slight 0.23% decline over the past 24 hours.