Recent analysis suggests a potential recovery rally for Bitcoin, supported by increased spot trading and favorable exchange flows. Despite a dip to $107,300, Bitcoin rebounded, showing resilience. Key metrics such as Bitcoin's Cost Basis Distribution indicate strong buyer support compared to Ether. Notable activity from Coinbase and Binance suggests a shift in liquidity favoring reaccumulation. For a bullish trend to be confirmed, Bitcoin must close above $113,650; otherwise, there is a risk of a drop toward $100,000. Traders should be cautious, as September’s historical performance raises concerns over potential sell-offs. If Bitcoin successfully breaks resistance levels, it may aim for targets at $116,300, $117,500, and possibly $119,500. The recent trends leave room for both optimism and caution as Bitcoin navigates the market dynamics.

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