**[Analyst: Bitcoin Has Formed a Short-Term Bottom, $100,000 Rebound May Occur]** BlockBeats News, November 29, according to Cointelegraph, after weeks of intense sell-offs, Bitcoin may be forming a short-term bottom. A market analyst believes that market conditions are now in place to support a rebound in Bitcoin to the $100,000–$110,000 range. Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization following what he described as "capitulation-style selling." He pointed out that indicators related to trader behavior suggest that as market sentiment plunged into the extreme fear zone, major players have started opening new long positions. Historically, this combination often signals a rebound during a downturn. One of the key technical signals he cited is the RSI (Relative Strength Index) on Bitcoin's weekly chart, which is currently approaching the 30 level. He said, "This is where we see Bitcoin's bottom. RSI is near 30. Boom (bottom reached)." The analyst noted that in previous cycles, this area has often closely aligned with market bottoms. While he cautioned that this does not guarantee the start of a new bull market, it typically signals at least a short-term reversal. Another factor supporting the rebound view is Bitcoin's current distance from the 50-week moving average (around $102,000). According to the analysis, in past cycles, Bitcoin has repeatedly rebounded to this level after breaking below the moving average. The current expectation is that Bitcoin may experience a rebound, pushing its price back into the six-figure range before potentially entering a deeper trend in the future. The macroeconomic environment is also adding to short-term optimism. He noted that the market expects quantitative tightening (QT) to potentially come to an end, alongside speculation of another interest rate cut at the upcoming monetary policy meeting. These developments often ease financial conditions, which could benefit risk assets like Bitcoin.