Bitcoin has rebounded 6% from a recent low of $103,500, currently trading at $110,850, as it attempts to reclaim the $114,000 level. Analysts advise caution, suggesting that a bullish reversal may be premature and that Bitcoin could remain in a $100,000–$115,000 range for the next 6–8 weeks. Rekt Capital emphasized the need for Bitcoin to reclaim its 21-week EMA as support to sustain its upward momentum.