Bitcoin (BTC) experienced a snap rally, climbing to $99,520 after testing December lows.The rally is attributed to large spot buyers, showcasing increased exchange order-book volumes.Nearly $40 million in BTC short liquidations occurred in the past 24 hours, adding to a total cross-crypto liquidation of $150 million.While optimism is high, caution remains as analysts emphasize the need to reclaim previous support levels for sustained growth.