Bitcoin has shown stability after a volatile period, dropping from $109,000 to $74,600 but rebounding to $105,700.
Traders are observing a pattern in which Bitcoin rises in $10,000 increments followed by brief consolidation periods, signaling a potential push to $115,000.
Holding above $100,000 gives Bitcoin strength and psychological support, with controlled growth seen as a positive sign for the market.
Long-term forecasts suggest a potential rise to $160,000 based on cycle models, indicating a significant increase from the current price.