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Bitcoin (BTC) showed renewed strength as it gained nearly 4% on November 27 to reach a price near $95,472. This comes as buyers stepped in to stop the downward trend that made the cryptocurrency dip to some lows for the week. According to data from Cointelegraph Markets Pro and TradingView, <a href="https://cointelegraph.com/news/bitcoin-demands-95k-reclaim-six-figure-btc-price-calls-return" rel="nofollow noopener" target="_blank">Bitcoin</a> is actively trying to reclaim support at the $95,000 mark. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=Bitcoin+Price+Action+Signals+%24100K+Potential+After+%2495K+Bounce" rel="nofollow noopener" target="_blank"><img decoding="async" class="aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/22ccc.jpg" alt="22ccc" title="Bitcoin Price Action Signals $100K Potential After $95K Bounce 48"></a> 
<h2 id="span-data-preserver-spaces-true-bitcoin-price-and-market-drivers-span">Bitcoin Price and Market Drivers</h2> 
The latest price changes coincide with key macroeconomic data releases from the USA, which fall within market expectations. Specifically, unemployment claims and the Federal Reserve’s preferred inflation measure—the Personal Consumption Expenditures (PCE) Index—added up to a small net increase in market conviction. The CME Group’s FedWatch Tool indicates a probability of 66% for a 0.25% interest cut next month, thus giving investors even more of a reason to be optimistic. 
<img loading="lazy" decoding="async" class="size-full wp-image-30867 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/bitcoin-touches-95k.webp" alt="bitcoin rebound 100k" width="1792" height="1024" title="Bitcoin Price Action Signals $100K Potential After $95K Bounce 49" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/bitcoin-touches-95k.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/bitcoin-touches-95k-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/bitcoin-touches-95k-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
Although there is positive momentum, some analysts are still cautious. Trading resource The Kobeissi Letter suggested that inflationist pressures have “returned on the rise,” which is a matter for discussion concerning the long-term trajectory of Federal Reserve policy. The letter raised an important issue regarding the expected ‘Fed pivot’ as there was uncertainty around it concerning future monetary policy direction. 
<h2 id="span-data-preserver-spaces-true-strategic-bitcoin-buying-behavior-fuels-rally-span">Strategic Bitcoin Buying Behavior Fuels Rally</h2> 
The recent bullish price recovery of Bitcoin is also due to the current strategic buying behavior in the market. As popular trader Skew notes, “passive buyers bought both LTF lows,” showing that buyers are inclined to buy into lower price points before proceeding to lay in more BTC conversion. Order book liquidity would remain “pretty wide,” with the demand levelling up at $85,000, proving that $85,000 represents a significant level of demand for BTC at lower levels. 
Most recently, the order book noted a change in which pulled asks weighed on the price decrease. It indicates that exchanges like Binance give an idea of how dynamic the trading phenomenon behaves because a little fluctuation in liquidity could cause significant differences in price movements. 
<h2 id="span-data-preserver-spaces-true-bitcoin-s-path-to-100-000-optimism-vs-caution-span">Bitcoin’s Path to $100,000: Optimism vs. Caution</h2> 
More and more participants in the market have begun speculating when Bitcoin would hit somewhere close to the previous all-time high of $100,000. Although traders are somewhat sceptical for the most part, if the event targets a figure above $100K, they could argue this would happen soon. Monitoring resource CoinGlass re-edified this alert, stressing the observation of market conditions. 
On the other hand, some traders continue to maintain a bullish stance based on technical indicators like moving-average convergence/divergence (MACD). A popular social media account, Bitcoin Munger, confidently stated that “$100k is coming whether you like it or not,” as the four-hour MACD is poised for a bullish crossover. 
<h2 id="span-data-preserver-spaces-true-conclusion-bitcoin-s-resilience-in-a-shifting-market-span">Conclusion: Bitcoin’s Resilience in a Shifting Market</h2> 
The general crypto market has also been positive by the resurgence of Bitcoin. Many altcoins have begun appreciating along with BTC after going through substantial corrections earlier in the week. The entire cryptocurrency market capitalization has pushed back above $3.22 trillion by showing that the new interest of investors abounds more than ever in various digital assets. 
In summary, Bitcoin’s recent performance shows its resilience amidst fluctuating economic conditions and investor sentiment. Market participants will monitor macroeconomic indicators and technical signals closely to see where future prices will go as Bitcoin is making its way back to important support levels and possibly creeping up to new all-time highs. 
The entire cryptocurrency market capitalization has pushed back above $3.22 trillion by showing that the new interest of investors abounds more than ever in various digital assets. 
Keep following&nbsp;<a href="https://www.turkishnyradio.com/">Turkishnyradio</a> to keep an eye on latest trends and developments on Bitcoin price. 
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Bitcoin Price Action Signals $100K Potential After $95K Bounce

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