Bitcoin experienced a near 4% increase on November 27, signaling a potential reclaim of support at $95,000 as market conditions improved. Key U.S. economic data, including jobless claims and the Personal Consumption Expenditures (PCE) Index, aligned with expectations, leading to heightened market confidence for a possible interest rate cut next month. Despite some observers raising concerns about rising inflationary pressures, Bitcoin showed resilience, with many buyers stepping in at lower price levels. The trading resource The Kobeissi Letter questioned long-term Fed policy amidst this context. Market participants remain divided on Bitcoin reaching the symbolic $100,000 mark, with some indicating a significant sell wall preventing this target. However, technical indicators like the moving average convergence/divergence (MACD) are sparking bullish sentiments among traders, with expectations that Bitcoin's price could inevitably approach this six-figure threshold. Overall, a notably positive sentiment characterized the trading environment, reinforcing views of a ongoing bull market.

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