Bitcoin bulls 'in control’ as BTC price rebounds to $118K

Key Points

1. Bitcoin's price rebounded to $118,300 after a correction below $115,000, with daily gains surpassing 2%.

2. Analyst Ash Crypto noted that Bitcoin closed above bullish key levels and filled the CME gap at $115K, indicating bulls are in control.

3. Fundstrat’s Tom Lee predicts Bitcoin could reach $250,000 by the end of 2025, citing its potential as 'digital gold' and undervaluation.

4. Other analysts, including Bitwise researchers and Stockmoney Lizards, also forecast Bitcoin prices reaching between $200,000-$230,000, driven by factors like tax cuts and rising US debt.

5. Breaking the $120,000 level could trigger a liquidation squeeze, further driving price momentum.