Analyst: If Bitcoin holds the key closing price of $104,500, it may initiate the second round of upward price discovery trend

BlockBeats news, on May 11, reported by Cointelegraph, analyst Rekt Capital stated that 'the key weekly closing price level for Bitcoin is around $104,500, which must turn into support. Bitcoin is on the verge of entering the second round of upward price discovery trend. It is crucial for Bitcoin to close above the recently reclaimed accumulation range this week.'