Bitcoin Price Analysis: Analysts Believe BTC Could Rally Back To $100,000 

Bitcoin (BTC) has retained the $90,000 support level as its weekly RSI hit oversold levels, indicating a potential recovery towards $100,000. The flagship cryptocurrency is trading around $90,900, marginally up over the past 24 hours. 

Meanwhile, Arthur Hayes has doubled down on his $250,000 price target by the end of the year, calling the drop to $80,000 the market bottom.

Tom Lee Makes Latest Bitcoin (BTC) Prediction 

Cryptocurrency analysts and top industry figures remain bullish on Bitcoin (BTC) despite the recent market downturn. Fundstrat’s Tom Lee believes the flagship cryptocurrency will ultimately surge past $100,000 by the end of the year. Lee added that Bitcoin will also set a new all-time high in 2026, possibly hitting $200,000 as growing institutional demand and further interest rate cuts drive positive investor sentiment. 

Lee has become a prominent voice in the cryptocurrency industry through BitMine Immersion Technologies. BitMine has become the largest holder of ETH, with the company’s holdings currently worth $11 billion. Bitcoin’s recovery will have a significant impact on Strategy, boosting the value of its holdings. Strategy holds 649,870 BTC worth 59.9 billion. A jump to $100,000 will take Strategy’s holdings to over $64 billion, boosting investor confidence. 

Hayes Doubles Down On $250,000 

BitMEX co-founder Arthur Hayes has doubled down on his Bitcoin to $250,000 prediction, calling the recent dip to $80,000 a market bottom. Hayes stated that dollar liquidity had bottomed and will now support higher prices for risk assets. He went on to explain that BTC’s drop from $125,000 to $80,000 was due to ETF flows reversing and the US Treasury refilling its checking account. The US Treasury raised nearly $1 trillion from July to November by extracting liquidity from the market. 

Hayes argued against the narrative that Bitcoin ETF inflows signalled genuine institutional buying. According to Bloomberg data, Brevin Howard, Goldman Sachs, Millennium, Jane Street, and Avenir are the top holders of BlackRock’s IBIT ETF. 

“These entities are not places where they’re just going to go long Bitcoin. The funds were executing basis trades, buying the IBIT ETF while selling CME futures contracts against it.”

Hayes explained that when the funding rate collapsed on October 10, traders unwound their positions by selling ETFs and buying back futures. 

“Retail thinks, oh no, institutions love Bitcoin in the summer, and now they hate it in the fall.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) maintained its position above $90,000 despite registering marginal declines on Friday and Saturday. The flagship cryptocurrency is up 0.40% during the ongoing session, trading around $91,179. 

Bitcoin is attempting to stabilize after a three-week decline, with prices bouncing back above $90,000. The weekly price chart is producing candles with long lower wicks, a sign that selling pressure is easing. An analyst stated on X, 

“Bitcoin is holding the $91K support as weekly RSI hits oversold. A close above $98K could reopen the path toward $103K and $108K. Trendline from 2023 still intact.”

However, BTC remains under the 20-week EMA, a threshold that dictates the difference between a short-term recovery and a confirmed trend reversal. 

BTC started the previous weekend in bearish territory, dropping over 5% and settling at $94,503. It recovered on Saturday, rising 1.10% to $95,544, but was back in the red on Sunday, dropping 1.42% to $94,183. Sellers retained control on Monday, BTC fell 2.21% to $92,100. The flagship cryptocurrency fell to an intraday low of $89,183 on Tuesday. However, it recovered from this level to reclaim $92,000 and settle at $92,914, ultimately rising 0.88%. Selling pressure returned on Wednesday, with BTC falling to a low of $88,483 before settling at $91,461.

Source: TradingView

Selling pressure intensified on Thursday as BTC fell over 5%, slipping below $90,000 and settling at $86,536. Bearish sentiment persisted on Friday as BTC plunged to an intraday low of $80,524 before rebounding to reclaim $85,000 and settle at $85,068. Price action was mixed over the weekend, with BTC falling 0.45% on Saturday before rising 2.51% on Sunday and settling at $86,808. Buyers retained control on Monday as BTC started the week in positive territory, rising 1.68% to $88,266. Selling pressure returned on Tuesday as the price fell 1.07% to $87,325. BTC recovered on Wednesday, rising nearly 4% to reclaim $90,000 and settle at 90,468. Buyers retained control on Thursday as the price rose 0.94% to cross $91,000 and settle at $91,316. BTC was back in the red on Friday, dropping 0.45% to $90,902. Selling pressure persisted on Saturday as the price fell marginally. BTC is up 0.40% during the ongoing session, trading around 91,196.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.