75481580075 Bitcoin has bottomed out and rebounded with a monthly positive close, the $100,000 mark is just around the corner!

Bitcoin approached $100,000 this Monday but failed to break through this historically significant barrier. On Tuesday, Bitcoin fell to a low of $90,702.27, and by Friday, it had rebounded to around $97,000, nearing the $98,000 region.

One reason for the decline in Bitcoin is that investors began to take profits at high levels, leading to an increase in Bitcoin supply. Long-term holders have started to sell a large amount of Bitcoin during the recent rally. "The fundamental reason is that the $100,000 mark 'seems to have become a high threshold for further increases, and it can even be said to be an obstacle.'"

The recent surge in Bitcoin may have given investors a false sense of security; Bitcoin is an investment seeking returns, indicating that the influx of capital into Bitcoin is merely for capital gains, rather than because they see the value or utility of Bitcoin."

From a technical perspective, the daily and monthly levels have successfully closed positively, and short-term exchange rate declines cannot affect the overall trend. The auxiliary indicators, whether it be the MACD data indicator or the KDJ trend, are all showing signs of bullish momentum and upward movement. Coupled with the fact that a small part of U.S. President Trump's commitments to the cryptocurrency industry has materialized, the $100,000 price level may not be a ceiling!

Considering various signs, the overall direction can still maintain a bullish outlook, with mid-term layouts focusing on the 96,000-95,000 area, targeting the 102,000-108,000 range.