Bitcoin surged above the $96,000 mark on Tuesday, reaching a high of $96,250 and extending its rebound from Sunday’s low of $90,109. The move marked three consecutive days of gains, signaling renewed bullish momentum in the market.
Although the price has slightly retraced, it remains firmly in positive territory. At press time, Bitcoin was trading around $95,435, after touching an intraday high of $95,759 in the early hours of the day.
The sharp price movement has sparked debate among market participants, with some suggesting that a coordinated buying push may be underway. Data from on-chain analytics firm Arkham shows that Binance wallets alone added 32,752 BTC across both cold and hot storage. Coinbase also recorded an increase of 26,486 BTC, while smaller exchanges such as Kraken and Bitfinex added 3,508 BTC and 3,000 BTC, respectively. In total, these inflows represent nearly $6 billion in combined buying power.
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Market sentiment has been buoyed by the view that Bitcoin is finally catching up with the broader global asset bull run. QCP Capital noted that Bitcoin had been lagging behind equities and precious metals but has now broken through the $95,000 level that capped rallies since November. The firm also pointed to Federal Reserve liquidity injections as an additional tailwind. According to QCP, concerns about fiat currency debasement, particularly in the U.S. could prompt a rotation from precious metals into digital assets, given Bitcoin’s relative undervaluation.
Capriole Fund founder Charles Edwards described Bitcoin’s recent performance as its strongest technical move in some time. He highlighted a daily close above $93,500, which he believes opens up “good odds” of a rally toward $108,000.
Despite the optimism, some analysts urge caution. IG analyst Chris Beauchamp noted that Bitcoin remains in a fragile recovery phase, with prices moving in a narrow range as investors remain wary. He added that ongoing outflows from crypto funds reflect lingering uncertainty, even as the market edges higher.
Macroeconomic conditions continue to play a significant role. U.S. inflation currently stands at 2.7%, reducing the likelihood of a near-term Federal Reserve rate cut. While this may dampen risk appetite in the short term, the latest Consumer Price Index data released in line with expectations, has eased fears of fresh rate hikes. It has also reinforced expectations that the Fed may begin cutting rates later in 2026. For Bitcoin, this environment is broadly supportive, as easing monetary pressure often benefits risk assets and strengthens its appeal as a store of value.
The $90,000 level remains a key psychological support, while the market continues to consolidate below its yearly high. This tight trading range has kept activity relatively muted, even amid renewed interest.
Outlook
Bitcoin’s path toward the $100,000 milestone appears increasingly plausible, supported by strong exchange inflows, improving technical signals, and a more stable macroeconomic backdrop. If the asset can maintain support above $93,500–$95,000, analysts see potential for a push toward $108,000 in the medium term.
However, volatility remains a risk. Persistent fund outflows, shifting inflation expectations, and uncertainty around central bank policy could still cap gains in the short term. A decisive break above $100,000 would likely attract fresh momentum traders, while a drop below $90,000 could reignite bearish pressure.
For now, Bitcoin’s recovery reinforces its growing role as a long-term store of value amid financial uncertainty and geopolitical instability, placing it firmly back in focus for both institutional and retail investors.