The Bitcoin market has recently seen a Rebound, but this does not mean that the overall fall trend has changed. Market analysts expect this Rebound to potentially push the BTC price to around 112,000 or 114,000 dollars. However, the sustainability of this Rebound will be further validated after Wall Street opens tonight.

Experts point out that the falling pattern of Bitcoin exhibits characteristics of a spiral oscillation rather than a straight-line plunge. Although price fluctuations may occur in the short term, the long-term downward trend remains evident. Analysts predict that the first target price for BTC is around $105,000, with the final target price possibly dropping to around $93,800.

It is worth noting that this prediction is not unfounded. Based on current market dynamics and historical data analysis, experts believe that this target is likely to be achieved around the end of November this year. However, investors still need to be cautious and closely monitor market changes, as the high volatility of the cryptocurrency market may bring unexpected twists.

Overall, although a Rebound may occur in the short term, the overall trend of Bitcoin still points downward. Investors should remain vigilant, manage risks well, and make informed decisions based on their investment strategies.