Bitcoin Sees ‘significant Step Forward’ As $97k BTC Price Targets...

Bitcoin gained fresh bullish BTC price targets closer to $100,000 on the back of a sustained rebound and encouraging futures market signals.

Bitcoin (BTC) avoided US selling pressure Thursday as US Thanksgiving provided bulls with key relief.

Bitcoin retains $90,000 as support into the Thanksgiving weekend after hitting weekly highs.

BTC price expectations flip bullish, with even $100,000 on the cards again.

Futures markets show a leverage washout laying the foundations for a more sustainable rebound.

Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding at $90,000.

After reaching weekly highs near $92,000 earlier in the day, BTC/USD enjoyed a respite thanks to the lack of a Wall Street trading session.

Commenting, traders agreed that a crucial resistance battle was now around the corner in the form of the 2025 yearly opening level above $93,000.

“If this levels breaks, Bitcoin is back up to $100K,” crypto trader, analyst and entrepreneur Michaël van de Poppe wrote in a post on X.

Analyzing exchange order-book liquidity, trader Daan Crypto Trades identified the area around $97,000 as a particular interest point for an upside target.

Source: CoinTelegraph