Bitcoin reclaimed the $115,000 level on Monday, bouncing back from Friday’s historic sell-off which saw over $20 billion in centralized exchange liquidations. This recovery has seen BTC’s price rise above its short-term holder (STH) cost basis, signaling a potential for further gains. Analysts are optimistic about Bitcoin’s bullish trajectory, forecasting prices to potentially reach $150,000. The rebound from the recent dip is supported by key technical indicators, including the STH cost basis crossing above $114,000 and the 20-week moving average now at $113,300. Traders remain bullish, believing this bounce provides an opportunity for further gains. The overall sentiment is positive, with analysts like MN Capital’s Michael van de Poppe, who highlighted the short-term support of the 20-week moving average and the potential for a sustained uptrend. Further backing this view are other prominent crypto analysts who continue to project prices towards $150,000. A notable indicator is the Bitcoin rainbow price chart, which shows an area between $140,000-$200,000, suggesting a potential target for scaling out investments once reached.