Bitcoin made a dramatic recovery after a sharp drop below $95,900 as investors prepared for Thanksgiving. This unexpected dip triggered one of the largest crypto liquidation events in the past six months, erasing over $500 million in just 24 hours!
But here’s where things get interesting: despite the chaos, signs are pointing to a possible breakout. Crypto analysts are now noticing something that could change everything for Bitcoin—its long-term holders are showing signs of growing greed.
This shift could mean that a massive price surge is just around the corner. Let’s dive in.
Recently, Bitcoin dropped to $96,000 after failing to break the crucial $100,000 mark. This dip caused a massive spike in liquidations, with $360 million lost from long positions and $129 million from shorts.
Despite this, analysts are confident that both retail and institutional demand for Bitcoin will remain strong, even with the market’s ups and downs.
Support for Bitcoin
QCP Capital, a well-known crypto analysis firm, believes that Bitcoin’s price will likely stay supported for the rest of the year, especially with central banks continuing to ease monetary policies. This support could help keep Bitcoin’s price on track for growth.
Investor sentiment is also being boosted by the possibility of a Trump administration pushing a strong crypto agenda, which could bring big changes for Bitcoin in the future.
Bitcoin holders are becoming more confident, and crypto analyst Ali Martinez believes this could signal a price surge soon. Historically, when long-term holders start to get “greedy,” Bitcoin tends to break new records.
Martinez predicts a major price spike in the next 8 to 11 months, possibly pushing Bitcoin to new heights. Experts expect this surge to happen between June and September 2025, setting up for an explosive rise.
Bitcoin now holds 56.2% of the entire crypto market, which is valued at $3.46 trillion. Despite the recent correction, Bitcoin has jumped nearly 44% since early November, proving its strength. It’s currently trading at $98,374, just shy of its all-time high of $99,645, suggesting that this dip may be a brief pause before an even bigger breakout.
Could the next Bitcoin surge be on the horizon? The signs certainly point to a promising future.
The BTC price may range between $96,500 and $100,000 for today.
If the bullish sentiment sustains, the star crypto may continue gaining value tomorrow.
Considering the present market sentiments, the BTC token may test its $100k, making it a jump of ~2% in valuation.
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