The price of Bitcoin has shown a rebound, fueled by three key factors.

First, bears appear to be exhausted after a prolonged sell-off, with large wallet transfers indicating a potential market shift. As the selling pressure eases, renewed buying interest could drive Bitcoin's recovery.

Second, spot Bitcoin exchange-traded funds (ETFs) have seen significant outflows recently, but industry experts believe this trend is set to reverse, with inflows expected to reignite in the coming weeks.

Finally, the prospect of a spot Ethereum ETF gaining regulatory approval in the near future could have a positive spillover effect on Bitcoin. The SEC's recent decision to drop its investigation into Ethereum 2.0 is seen as a favorable sign for Ethereum-based financial products.

Considering these bullish signals, the prediction of Bitcoin reaching $100,000 in the medium-term remains plausible.