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Let's dive into the market leader, BTC.
After dropping to $56,000, BTC triggered a wave of buying among bulls while instilling fear in the market, shaking out weak hands, altering sentiment, and resetting indicators. Currently, it's rebounding and demonstrating resilience.
Technically, BTC surpassed the critical $62,000 level, indicating a bullish turn from a downtrend to an uptrend. Additionally, a descending wedge pattern on the chart was broken, signaling further bullish momentum. We anticipate BTC to potentially test its previous high of $73,777, with initial targets at $66,000 and optimistic targets at resistance levels of $70,500 to $71,000.
Overall, it's highly likely we'll witness BTC surpassing $100,000 in the near future.