Bitcoin Rises Past $104,500 as Traders Debate Bull Cycle’s Fate

After experiencing a sharp 2.3% surge in the past 24 hours, Bitcoin has reclaimed the $104,500 threshold. This rebound comes on the heels of increased buying activity across major exchanges, according to CoinMarketCap data. However, despite this brief rise, Bitcoin remains down by 7.5% over the last month, with a market cap of $2.08 trillion and a trading volume of $55.76 billion in the past day. While some see it as a sign of potential bullish momentum, analysts remain divided on whether this recent bounce represents a lasting bottom or just a short-lived relief rally.