According to CoinMeta, research analyst Zack Wainwright stated that as of October 12th, Bitcoin has risen nearly 50% from its bear market low of around $58,000 in June, and its trend is similar to its recovery path in 2022. He noted that the return rates in each cycle of Bitcoin have been narrowing, and past performance does not guarantee future results. However, with a significant increase measured in US dollars, it is still possible for Bitcoin to break through $100,000 for the first time in nearly 16 years, and the rise from $100,000 to $200,000 could be much faster.