Bitcoin rebounds to $93,000 after Sunday sell-off; analysts eye $100,000
Bitcoin (BTC) recovered strongly after a weekend leveraged liquidation, climbing back above $92,000 to a 24‑hour high near $93,040 on Coinbase. The move erased losses from a drop to $84,500 and followed an $8,000 price wipeout during the Sunday leverage cleanup. Analysts including Michaël van de Poppe and LVRG Research’s Nick Ruck highlighted the importance of holding and breaking $92,000–$93,000: a sustained break higher could open a path to a six‑figure $100,000 target. Key technical support was identified in the $86,000–$88,000 range — a zone seen tested about 60 times in recent months — and losing it would signal a shift from accumulation to distribution. Optimism is underpinned by expected macro tailwinds such as potential Fed rate cuts and renewed ETF inflows. At time of writing BTC traded around $92,700, up roughly 7% in 24 hours. Primary keywords: Bitcoin, BTC, $100,000, leveraged liquidation, support and resistance, macro tailwinds.
Bullish
The article highlights a rapid recovery after a leveraged liquidation, with BTC reclaiming $92k–$93k and analysts projecting a move toward $100k. Key technical observations support a bullish bias: reclaiming and holding above the $92k–$93k resistance would remove a short-term supply barrier and likely attract fresh buying, while the identified $86k–$88k support has proven resilient (tested ~60 times). Macro factors cited — potential Fed rate cuts and renewed ETF inflows — are standard catalysts for institutional demand and have historically coincided with extended BTC rallies (e.g., post-2020 stimulus and 2021 ETF anticipation). Short-term, volatility may remain high as stop-loss cascades and leverage unwind continue; traders should watch whether BTC sustains above $92k and how volumes behave on retests. Long-term, if macro conditions and ETF flows materialize, the path to six figures gains credibility. Risks: failure to hold $86k–$88k or renewed macro shocks would flip the outlook to bearish quickly. Overall, the immediate technical reclaim plus positive macro narrative point to a bullish impact.