The price of Bitcoin returns to the level of 93 thousand dollars and improves the market sentiment. The price of Bitcoin has risen again above the level of 93 thousand dollars this morning, Wednesday, in Asian trading, just two days after it dropped to 84 thousand dollars due to a wave of strong liquidations. The price of Bitcoin succeeded in recovering all its losses, reaching an important resistance level and reviving the market that has returned to its bullish tendencies. Analyst "Dan Crypto Trades" indicated that the recent monthly movement usually confirms surpassing levels that drop without leaving a clear impact. Additionally, the total market capitalization has returned to levels seen in June, showing strength on lower timeframes, while December needs to form higher peaks and troughs to confirm the improvement. The market capitalization of cryptocurrencies currently stands at 3.2 trillion dollars, which is about 27% lower than its peak in October. According to "Glassnode", large clusters of short liquidation positions have emerged, which could push prices up by increasing momentum. While analysts like "Psychedelic" viewed the recent drop as necessary before the rebound, the analyst nicknamed "Cryptocon" described the rise as a bearish trap, confirming that the end of a bear market usually takes a long time. The rise in the price of Bitcoin also supported the increase in Ethereum, which returned above 3000 dollars, while some alternative cryptocurrencies recorded notable gains such as Solana (+10%), Cardano (+12.5%), and LINK (+15%).