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News / Crypto / Bitcoin rebounds to $93K after rapid sell-off, analysts target $100K next

Bitcoin rebounds to $93K after rapid sell-off, analysts target $100K next

Published: 03.12.2025 by Noirbull

TL;DR

Bitcoin bounced back to $93,000 after a sudden weekend drop, restoring confidence among analysts who now see a clear path toward $100,000. Traders highlight $92K as the key breakout level, while macro factors like possible Fed rate cuts and ETF inflows could further support upside momentum.

Bitcoin is regaining momentum after a volatile start to the week, climbing back above $92,000 and briefly touching $93,000 following Sunday’s steep leverage washout. The rebound has sparked fresh optimism among traders who believe the cryptocurrency could soon challenge its all-time highs.

Michaël van de Poppe, founder of MN Fund and a widely-followed market analyst, noted on Tuesday that Bitcoin’s sharp recovery is exactly the type of reaction bulls needed to see after the abrupt drop from earlier in the month. He stressed that reclaiming the $92,000 area is an important milestone.

He added that a decisive break above that zone could open the door to a new peak, with an early test of $100,000 becoming increasingly likely. Van de Poppe also pointed out that several technical indicators became heavily oversold during the crash, suggesting the sell-off may have been a final shakeout similar to major downside events in previous cycles.

According to TradingView data, Bitcoin reached as high as $93,040 in early Wednesday trading, effectively erasing the $8,000 decline triggered by the leverage unwind late Sunday night.

The broader macro backdrop is also attracting attention. Nick Ruck, director at LVRG Research, told Cointelegraph that he expects Bitcoin to revisit six figures in the coming months, supported by improving market conditions and rising institutional engagement. He said renewed expectations for Federal Reserve rate cuts and a return of ETF inflows may provide further lift.

Before Bitcoin’s sharp rebound, several analysts had highlighted the $86,000 to $88,000 range as a major support band. Analyst Crazzyblockk noted that this zone has held firm through dozens of tests in recent months, making its preservation an important signal that selling pressure is easing.

Remaining above that structure suggests active traders are staying profitable, while a breakdown could shift the market into distribution and potentially lower price levels. For now, Bitcoin’s recovery has kept the structure intact, and the coming days are likely to determine whether bulls can extend the momentum.

At the time of writing, Bitcoin is trading just above $92,700, up roughly 7% over the past 24 hours.

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