Bitcoin eyes $100K comeback after 36% crash — Key factors fueling the rebound

Bitcoin has had a rough few weeks. It dropped 36% from its recent peak, which left many traders nervous. But BTIG, the global financial service firm, now believes that this fall may have set the stage for a strong rebound. Analyst Jonathan Krinsky wrote in a note to clients, as reported by CNBC, that Bitcoin looks ready to continue its “reflex rally,” possibly taking it back toward $100,000.