#BTCRebound If this happens, Bitcoin (BTC) could target the mouth area at $88,800, and if the pattern fully forms, it could push its price to $106,000.

Network data from Glassnode confirms such a forecast and indicates a "short-term exhaustion of sellers," as realized losses decrease with each price drop.

This reduction in selling pressure hints at an inevitable bullish impulse.

Analysts from AlphaBTC and Rekt Capital emphasize that for a prolonged recovery, it is remarkably important for Bitcoin to stay above the levels of $81,500 and $80,500.