Bitcoin Rebounds 2.5% From $104,000 Low Targeting $107,000

Bitcoin recently formed a rounded bottom structure at $104,000 after breaching key support levels during the Monday session. This development has sparked interest among traders and analysts, who are now closely monitoring the cryptocurrency's next move. The price of Bitcoin quickly rebounded from this low point, forming a bullish path that is now targeting the $107,000 zone.

The recovery from the $104,000 level indicates strong buyer interest, as the price has shown a notable bounce back. This movement suggests that the market is projecting higher prices with the formation of a new intraday structure. The chart analysis reveals that Bitcoin dipped into a previously marked liquidity zone and then sharply bounced back, forming a potential rounded bottom. This pattern is developing near key intraday levels and suggests a bullish continuation above $105,000 if the momentum holds.

The "Monday low" is marked as a horizontal level near $104,250. After briefly breaching this area, Bitcoin reversed and surged higher, testing it from below. This level now serves as a short-term resistance for the price to overcome. The downward leg leading into the low was steep, indicating strong sell pressure into support zones. However, once the low was pierced, the price rebounded quickly with notable momentum, hinting at trapped sellers or algorithmic buying activity responding to liquidity pools.

Liquidity levels are drawn on the chart, with a rising dashed trendline showing accumulation beneath $104,000. This zone likely served as a trap where market orders were absorbed and used to fuel the recovery. Bitcoin has now returned to hover just below $105,000, attempting to build structure. A curved arrow on the chart highlights a developing rounded bottom near the lowest point of the dip. This visual cue outlines a possible bullish reversal pattern, common in market bottoms on lower timeframes like the 15-minute chart. The pattern suggests a shift from selling to gradual accumulation and potential breakout.

If confirmed, the next structure may involve minor pullbacks followed by an impulse leg higher. The projected path on the right side of the chart shows an upward move above $106,000 with minor retests along the way. This layout aligns with typical price reactions after reclaiming key lows in volatile ranges. Rounded bottoms are often early signs of trend reversals, especially when paired with reclaiming previously lost levels. With BTC now bouncing from $104,000 and showing structure, price watchers may track the $106,250–$107,000 region as the next resistance.

This behavior matches past intraday reversals where liquidity sweeps mark local lows before larger directional shifts. Market participants now watch for follow-through strength in upcoming sessions. The current recovery trajectory and the pattern forming beneath key lows suggest traders are positioning for continuation. A move above the Monday low confirms the rejection of lower prices, while reclaiming liquidity zones further supports this bullish case. The drawn price path on the chart shows structure forming with consolidation, shallow pullbacks, and projected momentum toward $107,000. Price is now approaching the $105,250 region with steady action. As long as $104,000 holds, buyers appear active near the recent low.