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Bitcoin Approaches $100K Mark as Bollinger Bands Indicate Market Recovery

Bitcoin shows signs of recovery, closing the week at $87,952 with a potential target of $100,000 in January.

On the final trading day of 2025, Bitcoin demonstrated a noteworthy achievement by closing the week with a gain, despite remaining below its weekly average. According to data from TradingView, the BTC/USDT weekly candle finished at $87,952, reflecting a modest increase of 1.03% for the year. While this may not attract major headlines, it signifies a market that has halted its downward trend and alleviated some of the prevailing fear.

A key indicator now visible to traders is the 20-week Bollinger midline, which stands at $103,397.02. With Bitcoin priced at $88,861, there exists a 16.35% gap to this midline, positioning the $100,000 mark as a plausible target if market sentiment shifts positively and demand resurfaces.

Analyzing the Path to $100,000

The Bollinger Bands provide insight into potential price ceilings and support levels. The upper band is set at $127,401, indicating that even if there is a slight decline towards the average, the market has ample room to move without becoming overly stretched. Conversely, the lower band sits at $79,392, which could serve as a target if the recent support established in late December fails to hold.

For Bitcoin to maintain its upward momentum, it must remain above the weekly low of $86,806 and consistently close near $90,406. Such performance could shift discussions from a defensive stance to a genuine recovery. Key thresholds at $95,000 and $100,000 would act as significant waypoints on the journey toward the midline.

The dynamics of the market will hinge on whether buyers can defend the high $70,000s before the next significant price movement is realized following a drop below $86,806.

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