#MarketRebound #MarketRebound Bitcoin Will It Sustain Its Momentum?

Bitcoin has once again captured attention, leading by surpassing $109K. Currently hovering around $108,663, it has marked its highest point since late May with a 4% weekly increase. This resurgence has sparked the debate: is it the beginning of a new bull run or a temporary bounce in an inherently volatile market?

Confidence is driven by news such as the approval of Bitcoin ETFs in the U.S. and growing institutional interest, with giants like JP Morgan even accepting Bitcoin ETFs as collateral. However, caution persists. Volatility remains a constant, and a sudden spike could precede a correction. The key to the sustainability of this momentum will lie in Bitcoin's ability to consolidate above $100K, a crucial factor in defining its medium-term trajectory in this dynamic landscape.