Bitcoin To $93,000 As Ethereum, XRP, Dogecoin Continue Relief Rally

Benzinga

Bitcoin surged to $93,000 as nearly $480 million in crypto liquidations and fresh ETF inflows helped flip short-term market structure bullish. Traders said reclaiming the monthly open and breaking through the $91k–$93k resistance band increases the odds of a December Santa Rally. Analysts now see a potential breakout toward the $97k–$98k liquidity zone.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bitcoin climbed to $93,000 on Wednesday as crypto liquidations reached nearly $480.68 million

00:10over a 24-hour period, according to Benzinga. Bitcoin ETFs saw $58.5 million in net inflows

00:17on Tuesday, while Ethereum ETFs recorded $9.9 million in outflows. Traders said Bitcoin

00:23reclaimed its monthly open and moved through the $91,000 to $93,000 resistance band,

00:29which strengthens the odds of a December Santa rally. Analysts added that the rebound from the

00:34monthly open fits the pattern of aggressive sell-offs failing to sustain. They noted that

00:39fresh higher highs and higher lows turned short-term structure bullish and said a breakout could target

00:44the $97,000 to $98,000 liquidity pocket. For all things money, visit Benzinga.com.

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