Bitcoin has witnessed a remarkable comeback, reaching $93,000 after dipping to $84,500 during a leverage flush on Sunday. Analysts are optimistic, seeing potential for Bitcoin to surpass the $100,000 mark.

“This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” said Michaël van de Poppe, founder and analyst at MN Fund. He emphasized the importance of Bitcoin breaking above $92,000.

“If that breaks, then I’m sure we’ll start to see a new all-time high and a test at $100,000.”

Bitcoin recorded a peak of $93,040 on Coinbase during early trading on Wednesday, recovering all losses from the previous drop that wiped $8,000 from its price.

Bitcoin moves back into a ‘crucial’ resistance zone. Source: Michaël van de Poppe

Nick Ruck, director at LVRG Research, expressed confidence in Bitcoin reaching six figures soon, attributing this to institutional adoption and evolving regulations.

“As Bitcoin’s resilience shines through amid evolving regulatory landscapes and institutional adoption in late 2025, we see a compelling path for it to reclaim the $100,000 mark in the coming months.”

Ruck mentioned that this revival will be influenced by macroeconomic factors like potential Fed rate cuts.

In a preceding blog post, analysts determined the $86,000 to $88,000 range as a pivotal support area.

“This level withstood sixty tests throughout recent months without breaking, making violations particularly significant,” said analyst Crazzyblockk.

“Trading above shows reduced selling pressure as active traders maintain profitable positions.”

At the time of this writing, Bitcoin is trading at over $92,700, reflecting a 7% increase within the last 24 hours.