Bitcoin may see ‘relief bounce’ as stabilization signs emerge: Analysts

Cryptocurrency analysts, including those from Bitfinex, suggest Bitcoin may experience a relief bounce after posting an 8% daily gain, as signs of stabilization emerge following extreme deleveraging and capitulation among short-term holders. Bitfinex noted the market is now operating on a "leaner leverage base," reducing the risk of sudden, liquidation-driven drawdowns, which strengthens the case for a more stable consolidation phase. This follows a significant sell-off around October 10th that wiped out about $19 billion and pushed Bitcoin near $82,000 on November 21st. Analysts also observe that recent price action deviates from historical seasonal trends, leading some, like PlanC, to state that this Bitcoin cycle is unlike previous ones, while others remain confident Bitcoin could reclaim $100,000 by year-end.

(Source：Cointelegraph)