Bitcoin Price Analysis: BTC Reclaims $91,000 As Renewed Buying Interest Helps Recovery 

Bitcoin (BTC) reclaimed $90,000 on Wednesday as the market opened in a positive mood. The flagship cryptocurrency climbed nearly 5% to reclaim $90,000 and cross $91,000 on Thursday. BTC is up 1% during the ongoing session, trading around $91,356. 

The rebound has helped Bitcoin reach a seven-day high, rallying from multi-month lows to reclaim $90,000 as the market heads into the Thanksgiving weekend. 

Tom Lee Walks Back $250,000 Prediction 

BitMine Immersion Technologies chair Tom Lee has walked back his “BTC to $250,000 by year’s end” forecast. While Lee remains bullish on the flagship cryptocurrency, he stated that he expected Bitcoin to reclaim $100,000 and possibly retest its all-time high, effectively ruling out $250,000 by the end of the year. 

“I think it’s still very likely that Bitcoin is going to be above $100,000 before year-end, and maybe even to a new high.”

This is the first time Lee has publicly backtracked on the $250,000 price target, which he first predicted in 2024 and reiterated until October 2025. Lee’s prediction was among the most bullish, with other crypto executives, including Galaxy Digital CEO Mike Novogratz, stating that “crazy stuff” needs to happen for Bitcoin to cross $250,000 by year-end. However, Lee said that BTC’s best days may still be ahead, stating, 

“I still think some of those best days are going to happen before year-end.”

Lee highlighted BTC’s tendency to make most of its gains over a small number of trading sessions, noting that the asset “makes its move” in just ten days annually. The idea is widely accepted among crypto executives, with Bitwise CEO Hunter Horsley stating back in February, 

“It’s hard to pick the perfect time to buy Bitcoin. TLDR: If you miss the 10 best days of Bitcoin’s return each year, you miss all the returns. And you don’t know when those days will be. Waiting can be costly.”

Cathie Wood Sticks to $1.5M Bitcoin Bull Price 

ARK Invest’s Cathie Wood believes equities and cryptocurrency markets could be setting up for a year-end reversal as US monetary policy turns more supportive. Wood believes market conditions will improve thanks to rising liquidity, which has already returned $70 billion into the market, with an additional $300 million expected to return over the next few weeks as the Treasury General Account normalizes. The Federal Reserve ending its quantitative tightening program on December 1 could also act as a catalyst for a recovery. ARK Invest stated in a post on X, 

“With liquidity returning, quantitative tightening (QT) ending December 1st, and monetary policy turning supportive, we believe conditions are building for markets to potentially reverse recent drawdowns.”

Wood also believes the ongoing liquidity squeeze limiting crypto and AI’s upside will reverse in the next few weeks. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) has rallied from a multi-month low of $80,000 to reclaim $91,000 on Wednesday and cross $91,000 on Thursday. Investors are hoping the uptrend continues as the market heads into the Thanksgiving weekend. Charles Edwards, founder of Capriole Investments, highlighted Wednesday’s price action as BTC reclaimed $90,000, looking to buck its trend of poor performances on Thanksgiving Day. 

Bitcoin has registered gains in only two out of ten Thanksgiving days, with notable declines in 2018 and 2020. Analysts were focusing on how high Bitcoin could go during this year’s Thanksgiving. BTC is testing the $91,000-$93,000 resistance in the first meaningful bounce in a while. However, analysts cautioned that markets will be choppy until the holiday. According to on-chain data provider Glassnode, BTC remains structurally fragile after losing its 50-week moving average and key cost-basis support. Glassnode stated in its latest report, 

“This current range echoes the same dynamic with the market drifting lower, constrained by limited inflows and fragile liquidity. If this ratio remains depressed, market conditions could begin to mirror the weakness of Q1 2022, raising the risk of a breakdown below the True Market Mean (~$81K).”

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. The price has crossed $91,000 during the ongoing session and is trading around $91,270.

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.