Analyst: Bitcoin price will tend to stabilize, or form a mid-term bottom in the range of $100,000 to $108,000

According to The Block, the cryptocurrency market is stabilizing against a backdrop of a relatively calm macro environment, improved liquidity, and a slow recovery of institutional capital inflows, with Bitcoin prices maintaining above $105,000.

Multiple analysts believe that the $100,000 level has formed a structural bottom for the recent decline. BRN research director Timothy Misir stated that Bitcoin could become a mid-term bottom in the range of $100,000 to $108,000, with upward momentum strengthening; however, unless capital inflows accelerate, the upside potential will still be limited to around $108,500 to $111,000.