PANews reported on May 11 that according to Cointelegraph, Bitcoin prices fluctuated upward this weekend, hitting a multi-month high of nearly $105,000. Analyst Rekt Capital said that Bitcoin's key weekly closing price level is around $104,500 and must turn into support. Analysts believe that Bitcoin is on the verge of starting a second round of price discovery and rising trends. It is critical whether Bitcoin can close this week above the upper edge of the reaccumulation range that it has recently regained. Market data shows that current liquidity is mainly concentrated near the current price, and $106,000 has become the next key resistance level. However, some traders are cautious about the short-term trend, worrying that the current rise may be a "false breakout" and may fall back to $102,000 or lower.