Bitcoin price has seen a $100,000 rebound signal as new entrants enter the market following the recent Bybit hack. Despite experiencing some sell-side pressure and dropping 3%, Bitcoin stabilized above $95,500, signaling renewed market interest. Altcoin traders have also regained confidence, with capital flowing back into alternative assets such as Ethereum and Tron, leading to a shift in investor sentiment.
The volatile nature of Bitcoin price action continues, but its ability to maintain support above $95,000 suggests continued accumulation. Market analysts anticipate further bullish momentum if Bitcoin breaks past immediate resistance at $97,000 in the upcoming sessions. The creation of 200,000 new BTC wallets amid the Bybit hack indicates growing investor interest, with new entrants capitalizing on the market crash to enter the fray.
Historically, accumulation phases like these precede significant rallies, with traders positioning themselves ahead of a potential Bitcoin price breakout. With reduced liquidity on exchanges due to assets being moved to cold storage and new entrants capitalizing on Bitcoin’s price dip, upcoming demand surges could trigger rapid price spikes. If Bitcoin manages to maintain support above $95,000 and buying pressure continues, analysts project a potential retest of the $100,000 psychological level in the days ahead.
Bitcoin price forecast indicates a target of $100,000 amid increasing market demand. Bitcoin is showing signs of resilience following the Bybit-related sell-off, consolidating above critical support at $95,000 with the next key resistance at $97,000. On-chain metrics reinforce this bullish outlook, with new wallets suggesting a fresh wave of investors entering the market. Institutional interest is growing, and market fundamentals are strengthening, positioning Bitcoin for new highs.
Technical analysis of Bitcoin price shows that it is testing key support levels after slipping to $95,832. The current trading range lies between $96,763 and $93,725, with the Relative Strength Index indicating moderate bearish pressure. A push above the 50 threshold would confirm renewed buying interest, potentially fueling a climb beyond the mid-Keltner Channel band. Bitcoin must surpass $97,000 to confirm bullish momentum, with the next major resistance near $99,800 before a potential run toward $100,000.
In conclusion, Bitcoin’s price stabilization above $95,000 following the Bybit hack indicates growing investor confidence and market interest. The creation of 200,000 new BTC wallets highlights the influx of new entrants capitalizing on the recent market crash. If Bitcoin continues to maintain support levels and buying pressure persists, analysts project a potential retest of the $100,000 milestone. With institutional interest on the rise and market fundamentals strengthening, Bitcoin’s latest correction could be a stepping stone towards new highs in the crypto market.
