Bitcoin today: BTC maintains a rise and traders see room for a return to $100,000 soon

Source: PortaldoBitcoin Original Title: Bitcoin today: BTC maintains high and traders see room for a return to $100,000 soon Original Link: https://portaldobitcoin.uol.com.br/bitcoin-hoje-btc-sustenta-alta-e-traders-veem-espaco-para-volta-aos-us-100-mil-em-breve/ Bitcoin remains stable above $91,000 this Friday (28), after returning to this level at the end of Wednesday, in a session that promises to be of reduced volume as the markets in the United States are closed due to the Thanksgiving holiday.

Around 7:30 AM, Bitcoin was trading at $91,527, virtually stable over the last 24 hours. In reais, the asset's quote is R$491,999.

Sentiment improved compared to last week's lows, with the market mood index rising to 22, still remaining at an “extreme fear” level, but reflecting a significant increase in buying activity.

BTC has already recovered approximately 61.8% of its entire drop between November 11 and 21, regaining the same Fibonacci level that acted as resistance during previous recovery attempts.

A support at this level paves the way for a movement towards $100,000 in the upcoming sessions, according to analysis by experts.

“Bitcoin surpassed the mark of $91,000, reaching 7-day highs and recovering to the classic Fibonacci retracement level of 61.8% of the drop between November 11 and 21,” said an analyst. “If the recovery does not lose strength at these levels in the coming hours, we can expect a price rise to the level of $100,000 soon and an attempt to break through an even more significant level.”

Some analysts interpreted the 30% correction from the highs as a potential long-term entry point.

Research highlighted that Bitcoin underperformed against the Nasdaq in 70% of trading sessions last month — a discrepancy that has occurred only a few times since 2020, typically near local turning points.

In the derivatives market, the trading flow shows a similar inclination, with large investors demonstrating a preference for bullish structures in the range of $100,000 to $118,000, while expressing skepticism regarding BTC's ability to surpass the $120,000 mark without a clearer macroeconomic catalyst.

Altcoins support gains

Like Bitcoin, altcoins are sustaining the gains of the last few days, but they also show little variation this Friday, reflecting an improvement in risk sentiment as the fear extreme dissipates and liquidity moves away from defensive positions, despite the holiday in the US.

Among the major cryptocurrencies, Ethereum is down 0.13% to $3,054 but maintains a 13.5% increase over the last seven days. XRP is up 1.45% to $2.22, even though it has shown a stronger performance on the weekly chart, with gains of over 17%.

BNB has a slight decrease of 0.1% today, to $894, as does Solana, priced at $142, after a strong weekly appreciation. Meanwhile, Tron is up 1.4%, to $0.2803. Dogecoin is down 1%, to $0.1521.

Among the cryptocurrencies with the strongest movements outside the top 10, Zcash plummets another 6.7% in the last day, reaching losses of over 25% for the week.