#ReboundRally Bitcoin's rebound is looking promising, with the cryptocurrency recently bouncing back above $100,000 per coin after US inflation data matched expectations. In fact, Bitcoin's price has been trading around $99,140, with a 1.13% increase in the last 24 hours.
Analysts predict that Bitcoin could rebound to $107,000, citing a technical pattern that suggests a potential price recovery. Additionally, a breakout above $70,000 could improve the crypto sentiment and trigger buying in other cryptocurrencies like ETH, DOGE, LTC, and XMR.
However, it's essential to note that Bitcoin's price is highly volatile, and a breakdown below $90,900 could trigger an 11% correction to $81,100, increasing the odds of a bear market.
*Potential Price Targets:*
- _Short-term:_ $100,000 to $115,881
- _Medium-term:_ $107,000
- _Long-term:_ $120,000 to $150,000
Keep in mind that these predictions are based on technical analysis and should not be taken as investment advice. Always do your own research and consider multiple perspectives before making any investment decisions.