4 hours ago
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Bitcoin Stabilizes Above $90,000 With Potential Rise to $100,000
The price of Bitcoin has stabilized above $90,000, with analysts predicting a potential rise towards $100,000.
Potential for Bitcoin Rally
- BTIG analyst Jonathan Krinsky predicts a "reflex rally" for Bitcoin, potentially reaching $100,000 in the short term.
- Historical trends show Bitcoin often bottoms around November 26, gaining momentum through to year-end.
- Thanksgiving week is noted for digital asset momentum resets, suggesting upward movement in December.
Alternative Viewpoints
- Market analyst Rekt Capital suggests that surpassing $94,180 could lead to a year-end rally if Bitcoin closes weekly above $93,500, turning it into support.
- Bloomberg's Mike McGlone warns of a possible reversion to $50,000 due to Bitcoin's correlation with the S&P 500 and its low volatility.
