Bitcoin Clings to $100K — Is a Big Rebound Coming?
Some analysts still expect a gradual rebound toward the $112,500–$120,000 range, provided ETF inflows resume.
Quick overview
- Bitcoin (BTC) has dropped to $101,479 on Binance, continuing its downward trend despite a brief recovery.
- The crypto market sentiment has shifted to 'extreme fear,' even as Ethereum (ETH) rises to $3,300.
- Long-term holders have sold over 400,000 BTC, while analysts emphasize the importance of maintaining Bitcoin above $100,000 to prevent further declines.
- Despite recent market corrections and economic concerns, some analysts predict a potential rebound for Bitcoin if institutional interest increases.
Bitcoin (BTC) continues its downward trend, slipping to $101,479 on Binance after a brief recovery on Thursday.
Despite Ethereum (ETH) edging up to $3,300, overall sentiment in the crypto market has shifted sharply back to “extreme fear,” according to the Crypto Fear & Greed Index.
Altcoins showed modest gains, with Dogecoin (DOGE) up 8.7%, followed by TRON (TRX) and BNB, each rising around 2%.
Over the past few weeks, long-term holders have released more than 400,000 BTC—worth roughly $40 billion—as part of a mid-cycle redistribution typical of crypto markets. Large investors, or “whales,” are trimming positions after significant profits, while new retail and institutional buyers gradually absorb supply.
Still, analysts warn that sustaining Bitcoin above $100,000 will be crucial to avoid a deeper drop toward $88,500, seen as the average cost basis of active investors.
On the macro side, expectations of a Fed rate cut in December, record highs in U.S. equities, and the newly signed U.S.–China trade deal create a favorable liquidity backdrop for risk assets like BTC and ETH. However, recent Wall Street corrections, growing concerns about tech overvaluation and job market weakness—highlighted by 153,000 layoffs in October, the highest since 2008—are tempering optimism.
Some analysts still expect a gradual rebound toward the $112,500–$120,000 range, provided ETF inflows resume and institutional interest strengthens as U.S. rates normalize.
Despite short-term uncertainty, Bitcoin remains a focal point of both speculation and caution—a reflection of a market caught between fear and the hope of recovery.
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