Bitcoin has managed to hold the critical 90,000 dollar support during the US Thanksgiving holiday, renewing optimism among investors. After reaching weekly highs near 92,000 dollars, analysts have outlined new BTC price targets that bring the possibility of reaching six figures back on the table. Popular analyst and entrepreneur Michaël van de Poppe noted that breaking the current resistance could catalyze a direct move toward 100,000 dollars.
The absence of selling pressure from Wall Street during the holiday provided a vital respite for bulls. According to technical data, the asset now faces a decisive battle at the 2025 yearly opening zone, located above 93,000 dollars. Van de Poppe highlighted that, although the bounce is strong, it is healthy to see some consolidation before attempting to break this level.
Meanwhile, trader Daan Crypto Trades identified a massive liquidity zone between 97,000 and 98,000 dollars. This area, formed after consistent selling in previous weeks, now acts as a magnet for price due to the accumulation of lower highs. For the expert, this range represents a clear horizontal price level and a strategic point of interest for the next bullish impulse.
Does this rebound mark the end of the correction or is it just a temporary pause?
The current recovery is not just an isolated price movement but responds to a structural improvement in the derivatives market. J. A. Maartunn, a contributor to analytics platform CryptoQuant, revealed that spot markets are entering a genuine recovery phase. The taker cumulative volume delta (CVD) indicator has returned to neutral territory after being negative, which Maartunn qualifies as a “significant step forward” for the asset’s stability.
This shift suggests that seller aggression has been exhausted, allowing long-term capital to regain control. XWIN Research Japan, another analyst at the firm, corroborated this view, indicating that the “leveraged phase” characterizing the recent drop is coming to an end. On-chain and futures data show clear signs that the market is cleansing itself of excessive speculation.
If Bitcoin manages to overcome the 93,000 dollar barrier, the path toward 97,000 and subsequently 100,000 dollars appears technically clear. Although a support test at 88,000 dollars is not ruled out, the general consensus is that the bull cycle is far from over. Investors are now watching closely to see if organic demand will be sufficient to sustain these levels once usual trading volume resumes.
