Danys MalOso

Bitcoin (BTC) held above the key $90,000 support level on Thursday as the Thanksgiving holiday in the United States removed traditional sell-side pressure—giving BTC bulls room to stabilize and reset.After a turbulent November, analysts say Bitcoin is now showing meaningful signs of recovery across spot, futures, and on-chain markets. With leverage flushed out and price action climbing back toward major resistance zones, bullish targets near $97K and even $100K are once again back on the table.Key HighlightsBTC holds $90,000 support, reaching weekly highs near $92,000.Traders say a break above $93,000 (the 2025 yearly open) could trigger a move toward $100K.Futures and liquidity data show large upside liquidity pockets at $97K–$98K.CryptoQuant analysts say Bitcoin has made a “significant step forward” as taker CVD recovers from negative territory.Leverage washout suggests a more sustainable rebound is forming.Bitcoin Eyes $97K–$100K as Bulls Regain MomentumWith U.S. markets closed for Thanksgiving, Bitcoin escaped its usual afternoon volatility window, allowing BTC to maintain its rebound from earlier in the week.BTC/USD successfully held $90,000 support and remains positioned just below a key resistance band at $92,500–$93,300—the yearly open level that analysts say is crucial.$93K Is the Breakout TriggerTrader and analyst Michaël van de Poppe stressed that reclaiming $93K could open a clear path toward six figures:“If this level breaks, Bitcoin is back up to $100K. Overall a pretty strong bounce. I want to see consolidation before we break through.”Liquidity Maps Point to $97K–$98K ‘Magnet Zone’Exchange liquidity data is reinforcing the bullish bias.Analyst Daan Crypto Trades highlighted a large cluster of short positions and resting liquidity around $97K–$98K, making it a high-probability upside target:“The $97K–$98K area is stacked after the heavy sell-off 1–2 weeks back. A big liquidity pocket, and a clear horizontal level. A key area to watch.”This liquidity “magnet effect” often pulls price toward zones where mass liquidations can occur.Van de Poppe added that a retest of $88K is still possible—but would remain structurally bullish:“The bull cycle is far from over.”Spot Market Recovery Marks a ‘Significant Step Forward’One of the most encouraging signals emerges from the spot market.CryptoQuant contributor J.A. Maartunn reported that Bitcoin’s taker cumulative volume delta (CVD)—which measures net buying vs. selling pressure on spot markets—is returning to neutral after weeks of heavy negative readings:“That’s a significant step forward!”A recovery in spot taker CVD typically signals:stronger real demandless dominance from leveraged sellershealthier organic price actionThis metric had been deeply negative earlier in November while BTC was still above $100K—warning of an imbalance that ultimately contributed to the pullback.Futures Market Signals Cleanup CompleteCryptoQuant analysts now believe Bitcoin is exiting its “leveraged phase” after a strong derivatives flush.XWIN Research Japan wrote that the current structure resembles past market turning points, noting:retail leverage has resetlong-term capital is returningfutures markets are coolingspot demand is recoveringRetail futures activity—tracked by CryptoQuant’s proprietary indicator—has flipped green after matching previous bottoming patterns.Bitcoin May Be Preparing for a Breakout WeekBitcoin’s recent recovery is more than just a bounce:Spot markets are strengtheningLeverage has resetLiquidity draws favor $97K–$98KMacro relief from Thanksgiving removed sell pressureIf BTC can break above $93K, analysts agree that $97K, $98K, and even $100K become achievable targets in the near term.The next 72 hours—low liquidity with global markets quiet—may set the tone for Bitcoin’s December trajectory.