Current Price and Market Overview
As of November 28, 2025, Bitcoin (BTC) is trading at approximately **$91,570 USD**, showing flat performance over the past 24 hours with a **0.0% change**. This comes after a volatile month where BTC peaked at an all-time high of around $126,000 in October before correcting nearly 28% amid ETF outflows, geopolitical tensions, and a U.S. government shutdown. The cryptocurrency has rebounded about 5% over the past week from lows near $81,000–$86,000, stabilizing in a $90,000–$93,000 range.
Key market metrics include:
- **Market Capitalization**: $1.83 trillion
- **24-Hour Trading Volume**: $52.7 billion
- **Circulating Supply**: ~19.91 million BTC (95% of total 21 million cap mined)
- **Bitcoin Dominance**: 58.5%, down from 61.4% earlier in November, signaling early capital rotation to altcoins
- **Fear & Greed Index**: 22 (Extreme Fear), up slightly from 15 earlier this week but still indicating capitulation and potential bottoms
Community sentiment on platforms like X (formerly Twitter) is tilting cautiously bullish, with ~70% of recent discussions viewing the current levels as a dip-buying opportunity. High trading volume ($53–$77 billion daily) reflects healthy liquidity, while seller exhaustion is evident from $206 million in liquidations (mostly shorts) over the past 24 hours.
#### Technical Analysis
BTC is in a consolidation phase within a broader bullish cycle, forming a potential bull flag on the 4-hour chart after rebounding from the $84,000–$85,000 support zone (aligned with the 0.618 Fibonacci retracement and volume point of control). The daily chart shows price holding above the 50-day EMA ($89,800), with RSI at 58 (neutral, building momentum) and a bullish MACD crossover signaling early reversal potential.
- **Short-Term (1H–4H)**: Neutral to bullish. BTC is testing resistance at $92,000–$93,000, with support at $90,000 (psychological level) and $88,000–$89,500 (recent lows). A breakout above $93,000 could target $95,000–$98,000, driven by low leverage and spot-led buying.
- **Medium-Term (Daily–Weekly)**: Bearish undertones persist due to a recent "death cross" (50-day SMA below 200-day SMA on November 16), but this often marks local bottoms in bull markets. Weekly Bollinger Bands are at historic lows, suggesting an imminent volatility expansion. Open interest remains flat (~$8 billion flush from November 21 not rebuilt), indicating clean structure without FOMO leverage.
- **Key Levels**:
- **Resistance**: $92,000–$93,000 (immediate), $96,000–$100,000 (supply clusters where profit-taking is likely)
- **Support**: $90,000 (critical), $88,000–$85,000 (major order block), $80,000 (cycle low risk)
On-chain data supports accumulation: ~15,000 BTC outflows from exchanges in the last 24 hours (HODLers stacking), whale holdings up +2,000 BTC today, and short-term holder realized losses hitting record highs (surpassing FTX collapse levels). Funding rates are mildly positive (+0.008%), reflecting cautious longs without overheating.
#### Fundamental Drivers and Sentiment
Fundamentals remain supportive despite November's turbulence:
- **Institutional Activity**: Spot Bitcoin ETFs saw $1.22 billion in weekly outflows (worst on record), but inflows resumed modestly (+$129 million on November 25; +$43–$83 million on November 26–27), halting the bleed. BlackRock's IBIT alone recorded $2.2 billion in November outflows, its poorest month since launch, but net assets hit $150 billion. MicroStrategy paused weekly buys for the first time since 2022, while firms like DDC Enterprise added 100 BTC to treasuries.
- **Macro Tailwinds**: Fed rate cut odds for December jumped to 85–87% (from 30–40% mid-month) on softer PPI data and dovish signals, boosting risk assets. M2 money supply grew +4.5% YoY, and stablecoin inflows (USDT/USDC supply rising) indicate fresh liquidity loading. However, a Binance oracle malfunction caused a brief "crypto crash" impacting market makers.
- **News and Trends**: Bullish catalysts include Bitfury's $12 million AI investment and tokenized asset opportunities (e.g., Philippines eyeing $60 billion by 2030). Geopolitical risks (e.g., Ukraine-Russia tensions) have historically turned into bullish setups for BTC. X sentiment highlights "extreme fear = buy signal," with analysts like @coinbureau noting a return to $100,000 sentiment levels.
- **Bearish Risks**: Negative ETF flows could persist if yields rise, and a BTC dominance breakdown below 58.8% might trigger altcoin rotation but dilute BTC focus. Holiday-thin liquidity (Thanksgiving aftermath) risks "scam wicks" down to $88,000.
Overall sentiment is 76% bullish per community polls, with on-chain metrics (e.g., 8% supply movement mirroring 2018/2020 bottoms) pointing to a local bottom.
#### Price Predictions
Short-term forecasts vary but lean toward consolidation with upside bias:
- **Today–End of Week**: $92,000–$94,000 (75% probability on mild volume), with risk of dip to $90,000 if $92,000 rejects. Options expiry today ($14.93 billion in BTC/ETH) could spike volatility toward max pain at ~$98,000.
- **November End**: $100,000–$112,000 (18–22% upside from current), per technical models assuming ETF inflow reversal and Fed cut confirmation. More conservative views see $94,000–$96,000.
- **December–EOY 2025**: $108,000–$126,000 rally if $93,000 breaks, fueled by "Santa rally" and institutional FOMO. Bear case: Consolidation at $82,000–$95,000 if outflows resume, with sub-$80,000 (20–30% risk) on macro shocks.
- **Longer-Term (2026+)**: $151,000 max for 2025 per cycle analysis; JPMorgan eyes $240,000 by 2028 on adoption.
These are speculative; historical death crosses in bull cycles average 20–50% rebounds within 30 days.
#### Trading Considerations (NFA)
- **Bullish Setup**: Long above $91,500 (entry on dips to $90,500), targets $93,000 (1:1 RR), $96,000 (1:2 RR); stop below $89,500.
- **Bearish Setup**: Short below $90,000 if funding flips negative, targeting $88,000; avoid if ETF inflows continue.
- **Risk Management**: Keep exposure low (1–2% per trade) amid holiday volatility. Monitor ETF flows, Fed odds, and $92,000 break for directional cues. Extreme fear often precedes 20–50% gains—zoom out for the 4-year cycle.
Bitcoin's resilience above $90,000 underscores its "digital gold" status amid fiat debasement, with institutional inflows and halvings as core drivers. The current fear dip is a tactical entry, but patience is key in this liquidity vacuum.
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