Bitcoin surges to $93K after Sunday flush, as analysts eye $100K
Bitcoin recovered to $93,000 after a Sunday leverage flush, with analysts predicting a push past $100,000 driven by macroeconomic factors.Summary
Bitcoin rebounded to $93,000 following a significant leverage flush on Sunday that caused its price to drop to $84,500. Analyst Michaël van de Poppe stated that breaking above the crucial $92,000 level suggests a new all-time high and a test of $100,000 is likely, comparing the recent sharp drop to a final shakeout.
Furthermore, Nick Ruck, director at LVRG Research, expressed confidence that Bitcoin will reach six figures in the coming months, attributing the expected rise to macroeconomic tailwinds like potential Federal Reserve rate cuts and renewed ETF inflows.
Analysts had previously identified the $86,000 to $88,000 zone as a key support level; maintaining this level is critical for preserving the current upward structure, while a break below could signal a shift toward lower prices.
(Source：Cointelegraph)