Bitcoin’s latest bullish rebound is reigniting interest across the global investment landscape, signaling renewed investor confidence in the world’s largest cryptocurrency.
After weathering recent volatility, BTC’s sharp recovery has not only pulled fresh capital back into the market but also strengthened long-term sentiment among major institutional players.
The crypto asset traded above $93,000 on Friday, showing new signs of strength after its sharp decline, with buyers stepping back in and momentum shifting upward. The crypto asset which is still on a bullish movement, slightly retraced to $91,078 at the time of writing this report.
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With price reclaiming key support levels, the path toward the major $98,000 imbalance zone is now back on the table, but bulls still need to prove this rebound has real conviction.
Part of this rebound appears to be driven by improving macro sentiment. Softer expectations around Federal Reserve tightening, a rise in overall risk appetite, and a shift back toward risk-on assets are all contributing to Bitcoin’s recovery attempt.
Crypto analyst Crypto Patel, in a recent market update, noted that Bitcoin has now completed a key technical move by filling the Fair Value Gap (FVG) and tapping directly into the Bearish Order Block exactly as previously projected. He emphasized that traders who avoided shorting the $81,000–$85,000 region and instead positioned for the upside likely captured a clean and predictable long setup.
With that phase now complete, the focus shifts to Bitcoin’s next major target. Patel highlights the $96,800–$98,000 FVG as the upcoming high-timeframe imbalance zone. From a broader perspective, he expects Bitcoin to make a move toward the $98,000 zone before any significant corrective leg unfolds.
Notably, among the most vocal Bitcoin optimists is Ark Invest CEO Cathie Wood, who continues to stand by her bold $1.5 million Bitcoin price target. The CEO and chief investment officer, said the company’s $1.5 million Bitcoin bull market price prediction remained unchanged, pointing to billions in returning liquidity following the end of the US government shutdown.
She noted that the current “liquidity squeeze” limiting the upside of the cryptocurrency and artificial intelligence markets is set to “reverse in the next few weeks. Recall that earlier in April this year, ARK Invest predicted a 2030 Bitcoin price target of $1.5 million in the company’s “bull case,” and a $300,000 price target in the “bear case.”
According to CoinGlass Bitcoin is down nearly 16.9% so far this month as it trades around $91,087, nearing losses from November 2019, when it lost almost 17.3% over the month.
The crypto asset is likely to close November at its worst loss since at least 2019, but analysts say it sets the cryptocurrency up for a good start to 2026 as some investors could buy back in.
Outlook
On a technical view, the bullish case for Bitcoin now hinges on holding the defensive zone at $83K–$85K, where strong demand must appear for a bottom to form.
As Cointelegraph reported, spot markets were entering recovery mode, with Bitcoin’s taker cumulative volume delta (CVD) edging back to neutral from negative territory. If this turns buyer-dominant, Bitcoin could experience a sustained rally as seen between May and July when the BTC price rallied 32% to its previous all-time high around $123,000.
As momentum accelerates and investor appetite grows, the conversation is shifting from short-term fluctuations to Bitcoin’s massive future potential.