Bitcoin's relief rally lifeline 🛟

With Bitcoin bouncing back over $100,000, analysts are divided on whether it's a sustainable rebound or a brief respite.

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📝 What you need to know

Bitcoin’s bounce back over $100,000 has led to hopes of a recovery among the crypto faithful, but analysts are divided on whether it heralds a sustainable rebound, or a temporary respite before prices continue to plunge.

Fundstrat Head of Research Tom Lee struck an optimistic note, arguing that “headwinds become tailwinds” if issues such as the government shutdown and a hawkish Fed cut are resolved—while cautioning that “It's going to take some time for confidence to come back.”

MEXC’s Chief Analyst Shawn Young, meanwhile, made the case for Bitcoin’s price bump not representing “a resurgence of long-term conviction,” calling it a technically driven rebound.

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“What we are looking at right now is a technically driven rebound, being supported by spot inflows and leveraged short-covering. So it’s not necessarily a resurgence of long-term conviction.”

Shawn Young, Chief Analyst at MEXC Research

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