The Bitcoin price has made an impressive jump upward. After a sharp decline at the beginning of the week, the cryptocurrency has returned to above $92,000. Converted, this amounts to more than €79,000.
This important level is once again generating optimism among investors. Various analysts even believe that the coveted $100,000 mark is within reach. Nevertheless, the market remains sensitive to fluctuations, making the coming days particularly important.
Important resistance comes back into view #
According to analyst Michaël van de Poppe, the recent recovery was exactly what the market needed. He points out that Bitcoin quickly recovered after a so-called leverage flush, where many leveraged positions were liquidated in a short time:
This is what you'd want to see. $BTC coming back up again, after a weird move down on the 1st of this month.
Now, again, breaking the $92K area is crucial.
If that breaks, then I'm sure we'll start to see a new all-time high and a test at $100K.
A great day on the markets. pic.twitter.com/uy6WPabnQ8
— Michaël van de Poppe (@CryptoMichNL) December 2, 2025
Such events can suddenly cause the price to drop thousands of dollars, but this time the loss was quickly recovered.
Van de Poppe emphasized that breaking through the zone around $92,000 was of great importance. That level had often been seen as strong resistance in recent weeks. This is a level where the price struggles to break through. Now that this has succeeded, the chance of a Bitcoin rally upward toward a new record is growing.
Van de Poppe also sees similarities with previous cycles. He suggests that the recent decline even felt stronger than earlier notorious crashes, such as the Terra and FTX debacles.
The above developments may be a sign that the market has seen its lowest point. Meanwhile, Bitcoin has already risen nearly $10,000 from its bottom around $84,500. This has completely recovered the damage from the weekend.
Altcoins flying upward #
Not only Bitcoin is showing strong performance. In the altcoin market, the enthusiasm is almost even greater. Bitcoin rose more than six percent in the past day, but many other cryptocurrencies are far exceeding that. Ethereum is recording nearly ten percent profit, and XRP and BNB are also participating strongly.
Solana, Cardano, and Dogecoin are showing increases between eleven and thirteen percent. Chainlink stands out with nearly nineteen percent profit, and Sui is the biggest outlier with more than thirty percent growth in one day.
With such gains in both Bitcoin and altcoins, expectations are growing. The magical $100,000 mark is getting closer. Whether the market has enough strength to actually reach this price will become clear in the coming days. One thing is certain: optimism has returned, making the market more lively than in weeks.