Bitcoin has rebounded and is currently trading at $97,524.40, with analysts suggesting that the cryptocurrency may reach $100,000 soon. This rebound is attributed to the increasing supply of stablecoins on exchanges, indicating growing buying power. Traders who profited from the recent rally are preparing to re-enter the market, leading to a buildup of purchasing power. Technical analysis also supports a positive outlook for Bitcoin, with indicators indicating bullish momentum. A sustained rally above $100,000 could drive interest in other cryptocurrencies and lead to broader market growth.



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