Bitcoin surged to its highest level of 2026, fueling speculation that the cryptocurrency could soon reclaim the $100,000 mark.
During early Asian trading on Wednesday, Bitcoin climbed above $96,000 on Coinbase, according to TradingView data. This marks its strongest price level since November 16 and represents a two-month high. Since the start of the year, BTC has risen roughly 9%, with market sentiment recovering from October’s historic liquidation event.
The rally followed comments from U.S. President Donald Trump, who called on Federal Reserve Chair Jerome Powell to lower interest rates after inflation data came in below expectations.
Market analyst Daan Crypto Trades noted that Bitcoin may soon revisit the bull market support band. He explained that while the indicator is declining rapidly, Bitcoin’s price continues to trend gradually upward—often a setup that precedes a significant move.
