Chief investment officers from major financial firms argue the Bitcoin cycle remains intact despite recent market turbulence. BTC could resume its upward trajectory toward $160,000 unless it falls below the March 2024 all-time high of $74,000, according to industry executives.

The cryptocurrency market capitalization increased 4.2% to $3.2 trillion on November 27, with 88 of the top 100 digital assets posting gains. Bitcoin rose 4.7% to $91,506, while Ethereum climbed 3.9% to $3,027. Analysts note that bulls and bears continue battling around key liquidity zones amid a low-conviction consolidation phase, according to market data.

The cryptocurrency market capitalization fell 1% on Tuesday morning (UTC) to $3.63 trillion. Bitcoin dropped to $105,168 while Ethereum declined to $3,558. Market sentiment has improved following the US Senate's passage of a government reopening bill and expectations of renewed liquidity from potential regulatory developments.