Bitcoin Breaks $110,000, Is This a Dead Cat Bounce?

Bitcoin’s recent price rebound has pushed it past $110,000 after a dip from its all-time high of over $111,970. While this resurgence indicates growth potential, analysts remain cautious about the sustainability of this bounce. The current level of $110,057 represents an increase of 2.2% in the last 24 hours, according to CoinMarketCap data. Whether it’s a fleeting rally (a ‘dead cat bounce’) or a signal of sustained momentum remains unclear.