#MarketRebound
According to the latest available data, Bitcoin is currently trading at:
- **Current Price**: $108,703.99
- **Opening Price Today**: $109,017.81
- **Highest Price (24 hours)**: $109,891.52
- **Lowest Price (24 hours)**: $108,349.37
We observe a slight decline in the price of Bitcoin over the past few hours, but it still maintains strong levels above $108,000.
## Trend Analysis
### Short-Term Trend
Bitcoin is experiencing a slight correction after attempting to reach the $110,000 level. This pullback is considered normal after the strong increases the currency has witnessed in recent weeks. The trading volume over the last few hours has reached approximately $2.58 million, which is below the daily average, indicating a relative calm in the market.
### Medium-Term Trend
In the medium term, Bitcoin remains on an upward trend, supported by several fundamental factors such as ongoing institutional demand and a decrease in supply following the recent halving event. Current levels are historically high, but data indicates that the positive momentum is likely to continue.
