<ul><li>Bitcoin has rebounded from weekend lows to trade near $110,000, following a transient dip to $106,600.</li><li>Technical analysts have identified a bullish double bottom pattern with a neckline around $109,000, indicating potential for Bitcoin to reach $112,000 if current support levels are maintained.</li><li>Long-term holders accumulated over $28 billion worth of Bitcoin during recent liquidation events, demonstrating confidence in the cryptocurrency's future prospects.</li><li>Two significant liquidation waves totaling $185 million cleared over-leveraged long positions, potentially stabilizing the market for Bitcoin's next upward move.</li></ul>

Bitcoin (BTC) Price: Double Bottom Pattern Points to $112,000 Target

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