{"id":91701,"date":"2025-12-03T10:22:59","date_gmt":"2025-12-03T07:22:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91701"},"modified":"2025-12-04T12:21:05","modified_gmt":"2025-12-04T09:21:05","slug":"bitcoin-rebounds-above-93000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-rebounds-above-93000\/","title":{"rendered":"Bitcoin Rebounds Above $93,000"},"content":{"rendered":"\n<p>Over the past 24 hours, Bitcoin&#8217;s price rose 7.9% to about $93,800, recouping losses after a sharp drop to $84,500.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f9e4136bddce9d05-4160519563527-1024x599.png\" alt=\"image\" class=\"wp-image-271001\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>Ether climbed 9.7%, back to $3,000.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-61e2fc721a52e199-4161180840728-1024x598.png\" alt=\"image\" class=\"wp-image-271002\"\/><figcaption class=\"wp-element-caption\">Hourly chart of ETH\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>All top-ten cryptocurrencies by market capitalisation advanced. <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> jumped 13.2%, and Dogecoin 11.4%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-95c5b68bb8c6c7e6-4161675739976-1024x686.png\" alt=\"image\" class=\"wp-image-271003\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>The popular <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">market sentiment indicator<\/a> reached 28 points, still in the \u201cfear\u201d zone. A day earlier it read 23.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-c2ef9f780e7e7586-4211408176870-1024x457.png\" alt=\"image\" class=\"wp-image-271004\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>The rebound came as the <span class=\"old_tooltip\" data-descr=\"US Federal Reserve System\">Fed<\/span> ended its quantitative tightening programme. Traders expect a cut to the key rate on <a href=\"https:\/\/forklog.com\/en\/news\/december-calendar-fusaka-update-and-satoshi-nakamotos-disappearance-anniversary\">10 December<\/a>. The market puts the odds of that scenario <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">at 89.2%<\/a>.<\/p>\n\n\n\n<p>Additional support came from major US financial institutions. They increased the volume of <span class=\"old_tooltip\" data-descr=\"a sale of an asset with an obligation to repurchase it after a set period at an agreed price\">repo<\/span> operations, adding liquidity to financial markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A rally to $100,000?<\/h2>\n\n\n\n<p>Analyst Micha\u00ebl van de Poppe called the rebound a positive sign.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote twitter-tweet is-layout-flow wp-block-quote-is-layout-flow\">\n<p>This is what you&#8217;d want to see. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> coming back up again, after a weird move down on the 1st of this month.<\/p>\n\n\n\n<p>Now, again, breaking the $92K area is crucial.<\/p>\n\n\n\n<p>If that breaks, then I&#8217;m sure we&#8217;ll start to see a new all-time high and a test at $100K.<\/p>\n\n\n\n<p>A great day on the markets. <a href=\"https:\/\/t.co\/uy6WPabnQ8\">pic.twitter.com\/uy6WPabnQ8<\/a><\/p>\n\n\n\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1995926690673897930?ref_src=twsrc%5Etfw\">December 2, 2025<\/a><\/p>\n<\/blockquote>\n\n\n\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n\n\n\n<p>In his view, the asset needs to hold above $92,000 to extend the rally. A break of that level would pave the way for a test of $100,000 and a new all-time high.<\/p>\n\n\n\n<p>Van de Poppe also <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/1995980762303390056\">noted<\/a> that the latest correction surpassed the market routs sparked by the collapse of <a href=\"https:\/\/forklog.com\/en\/news\/terras-death-spiral-how-and-why-luna-and-ust-collapsed\">Luna<\/a>, the downfall of <a href=\"https:\/\/forklog.com\/en\/news\/greed-and-recklessness-why-the-ftx-collapse-is-being-likened-to-the-2008-crisis\">FTX<\/a> and the COVID-19 pandemic.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhat if the drop was bitcoin\u2019s final shakeout? What if we are indeed copying the previous cycle\u2014not in time, but with exact price moves at several of its stages, only in a more extended form?\u201d he asked.&nbsp;<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Shortly before the rebound, a CryptoQuant analyst under the handle Crazzyblockk <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/692ee82c84244e57ffb3512d-Why-Bitcoins-86-88K-Support-Zone-Determines-Next-Market-Direction\">stressed<\/a> that the $86,000\u201388,000 range remains a critical support zone for digital gold.<\/p>\n\n\n\n<p>The key marker is the realised price of highly active addresses ($86,574) \u2014 the average acquisition price for wallets making more than 100 transactions a month. These seasoned participants shape the market\u2019s short\u2011term dynamics.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe level has withstood 60 tests in recent months without breaking, which makes any breach particularly significant. [\u2026] Last year bitcoin spent 97.8% of the time above this mark, reflecting a sustained upward impulse,\u201d the expert noted.&nbsp;<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Loss of $86,000 typically triggers a three-stage correction, as seen before. First, the price falls to $80,000\u201382,000, then slides to $75,000\u201377,000. Full capitulation brings the coin into the $70,000\u201372,000 range.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cHolding the $86,000\u201388,000 zone will preserve the market structure,\u201d the analyst concluded.&nbsp;<\/em><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum lags<\/h2>\n\n\n\n<p>Investor sentiment toward Ethereum remains cautious. This is especially evident in derivatives: positioning is tight, signalling a lack of conviction among bulls.<\/p>\n\n\n\n<p>The annualised premium of monthly futures over spot is stuck at 3%, unchanged from the previous week. Readings below 5% suggest little demand for leveraged long exposure.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-794c7a9fa2b19480-4351163186076-1024x358.png\" alt=\"image\" class=\"wp-image-271007\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/app.laevitas.ch\/assets\/futures\/ETH\/term-structure\">laevitas.ch<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>Put options on Ethereum trade at a 6% premium to calls, pointing to prevailing bearishness. As recently as 28 November this was neutral at 4%. The shift suggests persistent stress in the segment, in contrast to rising risk appetite in traditional markets.<\/p>\n\n\n\n<p>Another warning sign is network fees, which have fallen to a three\u2011year low: $2.6m over the past week, down from $5.1m a month ago.<\/p>\n\n\n\n<p>That is partly due to softer activity on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">decentralised exchanges<\/a>: their weekly volume has slipped to $13.4bn from August\u2019s $36.2bn peak.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a331f34a5f12b968-4364545920506-1024x456.png\" alt=\"image\" class=\"wp-image-271008\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/chain\/ethereum?chainFees=true&amp;dexsVolume=true&amp;tvl=false&amp;groupBy=weekly\">DefiLlama<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p>Meanwhile, rivals such as <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tron-trx\">Tron<\/a> and Solana recorded a 15% rise in fee revenue.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1c9b337ea2f5d156-4378022469325-1024x135.png\" alt=\"image\" class=\"wp-image-271009\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/app.nansen.ai\/macro\/blockchains\">Nansen<\/a>.&nbsp;<\/figcaption><\/figure>\n\n\n\n<p class=\"p1\">In late November,&nbsp;Ethereum whales that received coins during the ICO <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-miner-from-satoshi-era-awakens-after-15-years\">became more active<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rose 7.9% over 24 hours to about $93,800, recovering from a sharp drop to $84,500.<\/p>\n","protected":false},"author":1,"featured_media":91702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin rebounds 7.9% to ~$93,800 after slumping to $84,500.","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,46,1138],"class_list":["post-91701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-ethereum","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"123","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin rebounds 7.9% to ~$93,800 after slumping to $84,500.","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91701"}],"version-history":[{"count":3,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91701\/revisions"}],"predecessor-version":[{"id":91705,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91701\/revisions\/91705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91702"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}