November 29th, according to Cointelegraph, after experiencing several weeks of intense selling pressure, Bitcoin may be forming a short-term bottom. A market analyst believes that the market conditions are in place to drive Bitcoin towards a rebound to the $100,000-$110,000 range.Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization, following what he called a "surrender sell-off." He pointed out that indicators related to trader behavior show that as market sentiment plunged into extreme fear territory, large players have begun to open new long positions, a combination that historically indicates a rebound during a downturn. One of the key technical signals he referenced is the Relative Strength Index (RSI) on the Bitcoin weekly chart, which is currently approaching the 30 level. He said: "We are seeing Bitcoin's bottom right here. RSI is close to 30. Boom (bottom)."The analyst noted that in the past few cycles, this area has often aligned closely with the market bottom. While he cautioned that this does not guarantee the start of a new bull market, it usually signals at least a temporary reversal. Another factor supporting the rebound view is the current distance between Bitcoin and the 50-week moving average (around $102,000). According to analysis, in past cycles, Bitcoin has often retraced to this level after falling below this average. The current expectation is that Bitcoin may experience a rebound to bring the price back to the five-figure range before a deeper trend may emerge in the future.The macro environment has also added to the short-term optimism. He noted that the market expects quantitative tightening (QT) to potentially end soon, and there is speculation that there may be another rate cut at the upcoming monetary policy meeting. These two developments often relax the financial environment, which is positive for risk assets like Bitcoin.