MN Fund founder and analyst Michaël van de Poppe stated this represents the ideal recovery pattern following the unusual downward move on Dec. 1.
Bitcoin News
Bitcoin recovered to $93,000 after a leverage flush on Sunday dropped prices to $84,500, with analysts now predicting that macro tailwinds could push the crypto above six figures. The rebound has renewed optimism across crypto markets as technical indicators suggest a potential breakout.
MN Fund founder and analyst Michaël van de Poppe stated this represents the ideal recovery pattern following the unusual downward move on Dec. 1. He emphasized that breaking above $92,000 is crucial for Bitcoin momentum, adding that a successful breach would likely lead to a new all-time high and a test at $100,000.
Van de Poppe compared Bitcoin's current price situation to its previous cycle and questioned whether the recent drop was the final shakeout. He noted that all indicators overextended to the downside during the last crash, implying the magnitude was heavier than the Luna and FTX collapses, and even COVID-19.
Bitcoin reached a 24-hour peak of $93,040 on Coinbase in early trading on Wednesday, according to TradingView. The cryptocurrency has recovered all losses from the past two days following a leverage flush late Sunday that wiped $8,000 off its price.
Nick Ruck, director at LVRG Research, said that he is confident Bitcoin will reach six figures in the coming months. He stated that as Bitcoin's resilience shines through amid evolving regulatory landscapes and institutional adoption in late 2025, there is a compelling path for it to reclaim the $100,000 mark.
Ruck added that Bitcoin's rise would be driven by macroeconomic tailwinds, such as renewed Fed rate cut potential and returning ETF inflows. Prior to the rebound, analysts highlighted the $86,000 to $88,000 level as a key support zone that must be maintained.
Analyst Crazzyblockk noted this level withstood 60 tests throughout recent months without breaking, making violations particularly significant. Trading above this zone shows reduced selling pressure as active traders maintain profitable positions, according to the analyst. The coming week will be critical as defending this level maintains structure.
Breaking below the support zone would initiate scenarios targeting lower prices as sophisticated participants shift from accumulation to distribution. Bitcoin was trading at just over $93,170 at the time of writing, up 7% over the past 24 hours. The recovery has sparked debate about whether crypto markets have found a local bottom ahead of a broader rally into 2026.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
