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Analysts: Bitcoin's recent rebound has initiated a rise trend, expected to break through $130,000.
Gate News bot news, FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's rebound from nearly 103,000 USD on May 31 indicates the beginning of a potential rising trend, "this momentum could push its price to new highs above 130,000 USD."
However, Ethereum is still facing resistance near its 200-day moving average. Kuptsikevich added that breaking through $2,700 could be an important indicator of renewed market optimism.
In addition, CryptoQuant predicts that the Bitcoin price may pull back to $96,700, consistent with the average buying price of short-term investors.
Source: CoinDesk