Bitcoin, the number one digital currency by market capitalization, is here puts Opinion articles about an impending bear market came to a sudden halt by suddenly adding over $3,000 to its price in just hours.

Earlier today, the flagship cryptocurrency fell to a low of $91,315 on the Bitstamp exchange. It fell to the lowest level since November 26.

The cryptocurrency's decline has sparked speculation about the end of Bitcoin bull markets.

However, these concerns were somewhat premature given that the cryptocurrency managed to pare its losses within a relatively short period of time and turned green on the daily chart.

According to data provided by CoinGlass, nearly $40 million worth of short positions were liquidated in the past 24 hours. However, the bulls faced significant losses over the past 24 hours.

Bitcoin is still 12.9% away from the record high reached earlier this month. However, the sudden recovery has injected some optimism into the battered cryptocurrency market.

“The Byzantine General,” a pseudonymous cryptocurrency trader with over 200,000 followers, believes the leading cryptocurrency by market cap could outperform in the first quarter of 2025.

So far, the industry consensus seems to be that the leading cryptocurrency will continue to outperform in 2025 despite some concerns about a weak rally.

like Reported by U. TodayGalaxy Mike Novogratz predicted that Bitcoin would reach $150,000 during the first half of the year.

Meanwhile, Fundstrat's Tom Lee is convinced The cryptocurrency could reach $250,000 in 2025.

The cryptocurrency is currently approaching the $95,000 level.