Analysis: Bitcoin may rise to $110,000 in the next rebound

ChainCatcher news, MN Capital founder Michael van de Poppe stated that Bitcoin may rise to $110,000 in the next major rebound.

However, senior trader and analyst Peter Brandt said: "It should be noted that despite hot events such as halving and ETFs, the pattern of forming lower highs and lower lows in Bitcoin continues."

Van de Poppe doesn't seem so concerned. He linked the recent fluctuations in Bitcoin prices to the difficulties faced by miners due to rising operating costs. After the halving of Bitcoin prices in April, mining rewards decreased. He said: "At the last low point on July 1st, real computing power dropped as severely as during the FTX crash."