Bitcoin Eyes $100K as Oversold Signals and Whales Return
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Bitcoin must reclaim $87,000 to approach $100,000. Long-term indicators are oversold with Z-Score below past bear-market bottoms. Market stabilization shows a slight increase of 0.8%, suggesting potential recovery.
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- Bitcoin must reclaim $87,000 to re-enter its previous range and open a path to $100K.
- Long-term indicators are deeply oversold, with Z-Score readings below past bear-market bottoms.
- Bitcoin does not need to drop below $80K, as major liquidity levels have already been taken.
After days of heavy selling and sharp liquidations, the crypto market is starting to show early signs of stabilisation. Total market value has edged up about 0.8% to $2.83 trillion over the past 24 hours, driven mainly by a technical rebound following what experts describe as a “liquidation flush.”
The focus now is on Bitcoin, and whether it can regain momentum and move back toward the $100,000 level.
Why This Zone Matters for Bitcoin
According to analyst Michael van de Poppe, long-term indicators show Bitcoin may be close to an important turning point. One signal is Bitcoin’s relati…
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