Analyst Predicts Bitcoin Target of $95k-$96k Amid Market Trends

The Bitcoin market has seen a moderate rebound, now trading above $90,000, following a price correction since early October. Analysts observe a potential move towards its all-time high of $126,100.

Key Insights from Analyst KillaXBT

KillaXBT predicts Bitcoin may rise to $95k-$96k, driven by illiquidity pockets and liquidation clusters.
These zones are attractive due to high-value liquidity targets that can trigger forced buying or selling.
A minor pullback to around $93,000 before retesting $89,200 is possible, aligning with the expected FOMC rate adjustment.
The analyst highlights potential timing aligned with next month’s policy announcements rather than current market cycles.
KillaXBT adopts a short position, planning to reassess based on market trends and the upcoming FOMC meeting.

Current Bitcoin Price

As of now, Bitcoin trades at $90,490, showing a 0.64% decline over the past day.

Bitcoin