Bitcoin Price Back Above $100,000: Can the Rally Be Sustained?

The cryptocurrency market, which entered October with high hopes, fell victim to an environment of distrust following an unexpected blow. Investors are now unwilling to commit to the long term.

The crypto market has yet to fully recover from the heavy hit it took on the night of October 10. Investor confidence has been severely eroded, largely due to the perception that significant manipulations are revolving around a few key figures, such as CZ.

What is the Latest on the Bitcoin Price?

Following the major downturn, older-generation cryptocurrencies like DASH and DCR saw increases of nearly five-fold, but investor trust has still not been fully restored. Traders are showing a tendency to exit their positions upon seeing profit, avoiding a long-term holding strategy. As a result, the downward trend since October has remained unbroken.

Although the market managed to react to the October slump, this momentum was short-lived due to the prevailing distrust, and the Bitcoin price recently dipped below $99,000 during the week. After plummeting about 25% from its all-time high reached at the beginning of October, the price quickly rebounded above $103,000, giving investors a brief moment of relief.

Despite Trump declaring his intention to make the U.S. the crypto capital, the current climate of distrust raises questions for the future. Some experts believe that if the price maintains a sideways trend above $100,000 until the year-end, a ray of hope will emerge for 2026. Other analysts, however, predict a drop to the $90,000 levels before new record highs are established in 2026.

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