"Bitcoin Forms Double Bottom... Expected to Surpass $112,000"

Son Min

Summary

Bitcoin has formed a Double Bottom, raising the possibility of surpassing $112,000.
Bitcoin has formed a double bottom at $106,000, indicating increasing buying pressure.
Strong trading volume accompanies this, further strengthening the upward outlook for Bitcoin.

Bitcoin (BTC) has formed a Double Bottom, raising the possibility of surpassing $112,000.

On the 26th (local time), CryptoQuant analyst Ibrahim Cosar (ibrahimcosar) reported that "Bitcoin has formed a double bottom at $106,000," indicating "the buying pressure in the market is increasing again." He added, "Strong trading volume accompanies this, strengthening the upward outlook. Bitcoin can surpass $112,000."

As of 7:53 PM, Bitcoin is trading at $109,643 on the Binance USDT market, up 2.45% from 24 hours ago.

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