Bitcoin and several key altcoins are making strides toward a rebound, suggesting that buyers are vying to establish a higher low.

Key Highlights:

• Bitcoin is working to surpass resistance at $74,508, after climbing above $68,500, indicating a potential recovery phase.
• The market is seeing renewed interest from buyers, especially at previously lower levels.

Bitcoin is reportedly holding above $68,500 with an aim to stabilize around $65,000. Per insights from Glassnode, Bitcoin seems caught between a market average of $79,200 and a realized price near $55,000. Analysts anticipate continued range-bound behavior until a significant event triggers a breakout.

Forecast from Standard Chartered:
Standard Chartered has revised its Bitcoin target down from $150,000 to $100,000 for 2026, predicting a drop to $50,000 in the near term, followed by a possible rally later in the year.

Multiple analysts, including Tony Research, suggest that Bitcoin has not yet reached its lowest point, with predictions it could bottom between $40,000 and $50,000 later this year.

Exploring Different Cryptocurrencies:
As Bitcoin navigates its course, analyses will encompass the ten leading cryptocurrencies to uncover potential recovery trajectories.