Analyst: If Bitcoin holds the key closing price of $104,500, it may trigger a second round of price discovery pump trend.

On May 11, according to Cointelegraph, analyst Rekt Capital stated, “The key weekly closing price level for Bitcoin is around $104,500, which must turn into support. Bitcoin is on the verge of initiating a second round of price discovery pump. Whether Bitcoin can close above the recently reclaimed accumulation range upper edge this week is very critical.”