This Bitcoin recovery resembles a knight's rise to the summit after a quick fall: the price has rebounded from its lowest levels in April by about 30%, touching the $97,000 barrier again, which is the highest level in the past two months (Investopedia).

This rebound did not come from nowhere; it occurred due to a strong technical push when the cryptocurrency broke the downward channel and formed a rising 'flag', indicating the entry of new buying momentum leading it towards psychological targets at $100,000 and above (Investopedia, AInvest).

Notably, Bitcoin recorded its strongest weekly gain since the November 2024 elections, with an increase exceeding 10% in just one week, signaling a return of confidence and investors' unwillingness to easily part with 'digital gold' (Medium).

In simple words: Bitcoin jumped back into the ring with full force, proving that it is still capable of taking initiative and leading the recovery in a market that anticipates an upward move in the coming weeks.