Key Takeaways
- •Bitcoin reclaimed the $92K area with analysts watching this level as the crucial pivot for short-term direction.
- •Michaël van de Poppe sees a possible path toward $100K–$105K if BTC holds above support.
- •The return of the Coinbase premium signals improving U.S. demand, even as altcoins continue to lag behind.
Bitcoin is attempting to build on its early-week rebound, pushing back above the mid-$92,000 region and showing signs of renewed strength after a choppy November. Traders tracking the move say price action has shifted from heavy, one-directional selling to a more balanced structure, giving BTC a better foundation heading into the final stretch of the year.
Two well-followed market analysts, Michaël van de Poppe and Daan Crypto Trades, shared contrasting but complementary views on where the market stands and what could come next.
Van de Poppe Warns About $92K – But Sees $100K Test Ahead
Michaël van de Poppe noted that Bitcoin is now trading above a key resistance level that capped previous rallies. However, he highlighted that the $92,000 area remains the line in the sand for bulls.
Pretty strong move on $BTC, as it's trading above the recent high and resistance.
There are multiple scenarios.
One of them is that we'll continue to rally and hold $92K; however, I wouldn't give that a large chance given the current market sentiment.
If $92K is lost, we'll… pic.twitter.com/PTABmcAfGZ
— Michaël van de Poppe (@CryptoMichNL) December 3, 2025
If BTC manages to hold that zone, he expects momentum to build, potentially opening the door for a run toward $100,000 and even $105,000 before the month is over.
He cautioned that losing $92K could trigger liquidations and a deeper retracement, possibly toward the $88,000–$90,000 range – a zone he still considers healthy within the broader uptrend.
Coinbase Premium Returns as Market Structure Improves
Daan Crypto Trades pointed out that one of the more positive developments this week has been the reappearance of a Coinbase premium – a pattern often interpreted as stronger U.S. buying interest.
$BTC Good to see that the Coinbase premium is back for the past week or so.
Monday flush aside, price action has been a lot more constructive instead of the consistent down only selling off we saw for most of November.
Alts still lagging behind in general as BTC is… pic.twitter.com/M24KwVgTwd
— Daan Crypto Trades (@DaanCrypto) December 3, 2025
Aside from Monday’s volatility spike, he said price action has been noticeably more constructive than the steady selling pressure seen throughout most of November.
According to his view, altcoins remain weak compared to Bitcoin, but that lag isn’t necessarily negative. Historically, periods of BTC dominance have often preceded stronger market phases, as capital first consolidates into Bitcoin before rotating into the rest of the market.