Analyst Sets Bitcoin Next Target At $95k-$96k – Here’s Why
Overview
The Bitcoin market has recently seen a moderate price rebound after a period of correction that started in early October. Currently trading above $90,000, there are growing expectations for a potential move towards its all-time high.
Recent Market Developments
Bitcoin has experienced a notable recovery, gaining 7.22% over the past week. Popular market analyst KillaXBT has identified a significant price zone between $95,000 and $96,000 as a potential target during this market recovery. This area is characterized by heavy illiquidity pockets and several liquidation clusters, making it a high-value liquidity target.
Liquidation clusters consist of groups of leveraged positions that can trigger forced buying or selling when the price reaches them, thereby injecting fresh liquidity into the market. While KillaXBT suggests that the market bulls are likely to drive Bitcoin’s price towards this range, he also warns that this movement may not happen immediately. The market often delays significant movements towards major liquidity zones in anticipation of key macroeconomic events.
With the upcoming Federal Open Market Committee (FOMC) meeting, which is expected to provide insights into potential rate cuts, traders might see continued liquidity building below the yearly open. KillaXBT believes that the upper liquidation levels are still likely to be cleared, but this could align more closely with the FOMC’s policy announcement rather than the current market cycle.
KillaXBT outlines a potential scenario where Bitcoin may experience a minor pullback to around $93,000 before retesting $89,200. Following this, the asset could target the $95,000–$96,000 range in anticipation of the FOMC’s rate adjustment. However, he also considers the possibility of Bitcoin reaching these liquidation zones before the FOMC meeting, which could lead to a rapid surge to $96,000 followed by a sharp drop due to liquidations.
As a result of this analysis, KillaXBT is opting for a short position, planning to reassess his strategy as the FOMC meeting approaches. He believes that the most significant short-term opportunities will emerge following the FOMC’s announcement.
Impact on the Crypto Market
- Bitcoin’s recent price rebound indicates a possible shift in market sentiment after a correction.
- The identification of key liquidity zones suggests that traders may focus on these areas for potential trading strategies.
- Anticipation of the FOMC meeting could lead to increased volatility in the Bitcoin market.
- The interplay between liquidation clusters and market movements may create opportunities for both bullish and bearish traders.
- KillaXBT’s short position reflects a cautious approach, emphasizing the importance of macroeconomic events in shaping market trends.
Updated: 11/29/2025, 10:21:31 PM
