Bitcoin has made a notable rebound, reaching $111,705 as the market begins to recover from a recent sell-off. This recovery is significant as it indicates a potential shift in market sentiment, with traders looking to capitalize on price breakouts. Understanding these price movements is crucial for investors as it may signal future trends in the cryptocurrency market.

Bitcoin has shown a remarkable rebound, reaching $111,705 as the market begins to recover from a recent sell-off. This recovery is significant as it indicates renewed investor confidence and the potential for further growth in the cryptocurrency market. However, data suggests that sellers may continue to take profits at each breakout, which could impact future price movements. Understanding these dynamics is crucial for investors looking to navigate the volatile crypto landscape.