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After a sharp drop, bitcoin’s price returned to $ 103,400, which intensified the debate among analysts about the future dynamics of the market. Some experts see this as the beginning of a new growth, while others see it as a short-term technical rebound.
Online analyst Willie Wu draws attention to signs of a recovery in bitcoin liquidity. According to him, the trend may be confirmed within two weeks. According to CryptoQuant, about 28% of coins are currently at a loss, a level that has often preceded market reversals in the past. Such indicators in April 2025 preceded a 70% increase, and in September 2024 — a 125% increase.
Sean Young, chief analyst at MEXC Research, believes that the current growth is not a sign of long-term optimism. In his opinion, this is a technical rebound supported by spot inflows and short covering of positions. For a sustained reversal, he said, long-term investors need to accumulate coins and stabilize funding on exchanges.
Schroders analyst Jihan Chen suggests that the area around $ 100,000 could become an accumulation range if the price stays above $ 103,000. In case of a decline, the buying zone could shift to $ 93,000-$ 88,000.
After the latest drop, Alex Thorne, head of research at Galaxy Digital , revised his forecast for bitcoin’s value at the end of the year from $ 185,000 to $ 120,000. Analysts expect further volatility unless a strong positive factor emerges, such as the resolution of political uncertainty in the United States.