Bitcoin Price to $100K or $80K as Matrixport Predicts Bulls-Bears Impasse?

Core Insights - Bitcoin price is currently in a rare impasse between bullish and bearish sentiments, with debates on whether it will rally towards $100K or drop to $80K [1][3][5] - A recent rebound in Bitcoin price above $91.8K was supported by a bullish 'hammer' reversal pattern and seasonal trends around Thanksgiving [2][3] - The market is experiencing thin liquidity and increased realized losses, leading to a range-bound situation for Bitcoin [4] Market Dynamics - The price of Bitcoin has recently rebounded to above $91K, with a notable resistance level identified around $92,000-$93,000 [6][8] - The expiration of over 147K BTC options, valued at $13.42 billion, has contributed to maintaining Bitcoin's price above $91K [7] - Despite the rebound, the trend structure indicates a potential drop below $88K if resistance is not overcome [3][8] Future Projections - Analysts suggest that breaking above the $93K-$96K supply cluster is crucial for Bitcoin to gain upward momentum, potentially reaching the $100K-$108K range by year-end [6] - There are mixed predictions regarding Bitcoin's future, with some analysts forecasting a rally to $100K while others warn of a possible crash to $60K [5][8]