[Analysis] "Bitcoin, short-term structural improvement… decisive shift depends on whether it exceeds 96,000 dollars"

Bitcoin (BTC) rebounded, and analysis said that structurally if it exceeds 96,000 dollars it could look toward additional gains above 100,000 dollars.

On the 4th (local time), Cointelegraph analyzed, "Bitcoin, which rebounded the previous day, has created a structure in which both highs and lows are rising in the short term. This is a sign that selling pressure has weakened after the 84,000 dollars downside liquidity test."

Technical analysis indicates that a bullish reversal signal (BOS·Break of Structure) is forming at around 92,300 dollars. In the short term, there is a possibility of revisiting the fair value gap (FVG) in the 90,000–88,000 dollar range, but if that area holds and the upward momentum continues, the structural rebound could be further strengthened.

However, it is analyzed that to judge the medium-term trend has fully reversed, exceeding 96,000 dollars is necessary. The outlet forecasted, "This price level represents a structural turning point on higher timeframes, and if it is breached on a closing basis, Bitcoin's target price range expands to 102,000–107,000 dollars."