Bitcoin

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Spot

Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) avoided US selling pressure Thursday as US Thanksgiving provided bulls with key relief.&nbsp;
Key points:
<ul>
 <li>Bitcoin retains $90,000 as support into the Thanksgiving weekend after hitting weekly highs.</li>
 <li>BTC price expectations flip bullish, with even $100,000 on the cards again.</li>
 <li>Futures markets show a leverage washout laying the foundations for a more sustainable rebound.</li>
</ul>
<h2 id="btc-price-bull-targets-bring-back-six-figures">BTC price bull targets bring back six figures</h2>
Data from <a href="https://subscription.cointelegraph.com/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI." rel="noopener noreferrer nofollow">Cointelegraph Markets Pro</a> and <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="noopener noreferrer nofollow" target="_blank">TradingView</a> showed BTC price support holding at $90,000.
<figure>
 <img alt="Bitcoin sees ‘significant step forward’ as $97K BTC price targets return" src="https://s3.cointelegraph.com/uploads/2025-11/019ac5f1-7d6b-7ba0-abaf-e51f5a1222ff" title="">
 <figcaption style="text-align: center;">
 BTC/USD four-hour chart. Source: Cointelegraph/TradingView
 </figcaption>
</figure>
 After <a href="https://cointelegraph.com/news/bitcoin-bounces-seven-day-high-can-btc-break-95k-thanksgiving" rel="noopener noreferrer nofollow">reaching weekly highs</a> 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 <a href="https://x.com/CryptoMichNL/status/1993986320272642360" rel="noopener noreferrer nofollow" target="_blank">post on X</a>.&nbsp;
<blockquote>
 “All in all, a pretty strong bounce upwards. I want to see some consolidation here before we break through this resistance level.”
</blockquote>
<figure>
 <img alt="Bitcoin sees ‘significant step forward’ as $97K BTC price targets return" src="https://s3.cointelegraph.com/uploads/2025-11/019ac5ec-d06d-7205-aa19-757564add349" title="">
 <figcaption style="text-align: center;">
 BTC/USD one-day chart. Source: Michaël van de Poppe/X
 </figcaption>
</figure>
 Analyzing exchange order-book liquidity, trader Daan Crypto Trades identified the area around $97,000 as a particular interest point for an upside target.
“The $97K-$98K is stacked after seeing that consistent and heavy sell off 1-2 weeks back. This created a ton of marginally lower highs, creating such a big liquidity pocket,” he <a href="https://x.com/DaanCrypto/status/1994013585995936011" rel="noopener noreferrer nofollow" target="_blank">told</a> X followers alongside data from monitoring resource CoinGlass.&nbsp;
<blockquote>
 “The $97K-$98K area is also in line with a clear horizontal price level. So overall, a good area to watch.”
</blockquote>
<figure>
 <img alt="Bitcoin sees ‘significant step forward’ as $97K BTC price targets return" src="https://s3.cointelegraph.com/uploads/2025-11/019ac5ed-604b-7669-9695-d4589d9da4ea" title="">
 <figcaption style="text-align: center;">
 BTC liquidation heatmap. Source: Daan Crypto Trades/X
 </figcaption>
</figure>
 Van de Poppe added that he “wouldn’t mind” a retest of $88,000 first, describing the overall crypto bull cycle as “far from over.”
<h2 id="bitcoin-markets-take-significant-step-to-recovery">Bitcoin markets take “significant step” to recovery</h2>
Elsewhere, J. A. Maartunn, a contributor to onchain analytics platform CryptoQuant, had more good news for Bitcoin bulls.&nbsp;
Related: <a href="https://cointelegraph.com/news/death-cross-vs-96k-rebound-5-things-bitcoin-this-week" rel="noopener noreferrer nofollow">Death cross vs. $96K rebound: 5 things to know in Bitcoin this week</a>
Spot markets were entering recovery mode, he announced, with taker cumulative volume delta (CVD) edging back to neutral from negative territory.
“That’s a significant step forward!” he commented.
<figure>
 <img alt="Bitcoin sees ‘significant step forward’ as $97K BTC price targets return" src="https://s3.cointelegraph.com/uploads/2025-11/019ac5ed-e792-7f6d-9baf-87e981902a80" title="">
 <figcaption style="text-align: center;">
 Bitcoin spot taker CVD. Source: Maartunn/X
 </figcaption>
</figure>
 As <a href="https://cointelegraph.com/news/bitcoin-crisscrosses-100k-as-btc-price-bottoming-phase-begins" rel="noopener noreferrer nofollow">Cointelegraph reported</a>, the negative spot taker CVD had formed one of multiple areas of concern for analysts at the start of November, while BTC/USD was still trading above $100,000.
“The Bitcoin market is showing clearer signs — across futures, spot, and on-chain data—that the recent ‘leveraged phase’ is ending and longer-term capital is returning,” fellow CryptoQuant contributor XWIN Research Japan continued in one of its “<a href="https://cryptoquant.com/insights/quicktake/6927786284244e57ffb3235a-Is-Bitcoin-Entering-a-Deep-Pullback-Phase-Leverage-Flush-Out-and-Regulatory-Shif" rel="noopener noreferrer nofollow" target="_blank">Quicktake</a>” blog posts Wednesday.&nbsp;
The post referenced CryptoQuant’s dedicated indicator covering retail investor activity on Bitcoin futures, now copying “past market turning points” by flipping green.&nbsp;
<figure>
 <img alt="Bitcoin sees ‘significant step forward’ as $97K BTC price targets return" src="https://s3.cointelegraph.com/uploads/2025-11/019ac5ee-7c2c-7af5-994f-8b6f71ae862a" title="">
 <figcaption style="text-align: center;">
 Bitcoin futures retail investor indicator (screenshot). Source: CryptoQuant
 </figcaption>
</figure>
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin sees ‘significant step forward’ as $97K BTC price targets return

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