Bitcoin price analysis puts $100,000 back on the radar

BitcoinBTCDespite the Thanksgiving holiday in America, bulls enjoyed a welcome respite. 

The following are key points.

• Bitcoin’s weekly peak of $90,000 is still a support for the holiday weekend.

• BTC Price Expectations Turn Bullish with Even $100,000 in the Cards Again

• Futures markets are showing a significant washout in leverage. This is laying the basis for a stronger and more sustained rebound.

BTC bull target price brings back six-figure figures

Data from Cointelegraph Markets Pro The following are some examples of how to get started: TradingView showed BTC price support holding at $90,000.

You can also read our article on After reaching weekly highs The absence of Wall Street’s trading sessions earlier that day allowed BTC/USD to enjoy a break.

Commenting traders were in agreement that an important resistance battle is now just around the corner, as the opening 2025 level for the year above $93,000.

“If this levels breaks, Bitcoin is back up to $100K,” crypto trader, analyst and entrepreneur Michaël van de Poppe wrote in a post on X. 

“All in all, a pretty strong bounce upwards. I want to see some consolidation here before we break through this resistance level.”

As a result of analyzing the liquidity in exchange order books, Daan Crypto Trades has identified an area near $97,000 that is of particular interest for a potential upside.

“The $97K-$98K is stacked after seeing that consistent and heavy sell off 1-2 weeks back. This created a ton of marginally lower highs, creating such a big liquidity pocket,” He told CoinGlass, a monitoring tool that collects data on X-followers. 

“The $97K-$98K area is also in line with a clear horizontal price level. So overall, a good area to watch.”

Van de Poppe said that he added to the list of Van de Poppe’s accomplishments. “wouldn’t mind” First, we will retest $88,000 and describe the entire crypto bull cycle. “far from over.”

The Bitcoin market is a growing phenomenon. “significant step” Recovery

Elsewhere, J. A. Maartunn is a contributor at the onchain analytics platform CryptoQuant. He had some more positive news for Bitcoin bulls. 

Related: Death cross vs. $96K rebound: 5 things to know in Bitcoin this week

He announced that the spot markets had entered a recovery phase, and takers’ cumulative volume delta (CVD), which was previously negative, is now moving back into neutral territory.

“That’s a significant step forward!” He commented.

You can also read about the advantages of using Cointelegraph reportedAnalysts were concerned about the CVD, a negative taker of spot, at the beginning of November. BTC/USD, however, was trading well above $100,000.

“The Bitcoin market is showing clearer signs—across futures, spot, and on-chain data—that the recent “The leveraged phase” is ending and longer-term capital is returning,” CryptoQuant’s fellow contributor XWIN Research Japan continues in “Quicktake” blog posts Wednesday. 

Copy the post that references CryptoQuant’s indicator dedicated to retail investor activity in Bitcoin futures. “past market turning points” By flipping the green. 

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.