Bitcoin Updates: Bitcoin Approaches Crucial Support Level Amid Heightened Fear, Indicating Possible Recovery
- Bitcoin fell to a seven-month low near $87,300, testing key support levels amid heavy selling pressure and extreme bearish sentiment. - Analysts highlight a "max pain" zone between $84,000-$73,000, with historical patterns suggesting rebounds after fear indices hit annual lows. - The Crypto Fear & Greed Index at 15—a level preceding past rebounds—aligns with historical 10-33% post-dip recovery trends. - A 26.7% correction triggered $914M in liquidations, but a 2% rebound to $92,621 shows resilience amid
Bitcoin has dropped to its lowest price in seven months, reigniting discussions about whether the market is approaching a pivotal turning point. Experts from Bitwise and other organizations are pointing to a "max pain" range between $84,000 and $73,000, where intense selling and strong bearish sentiment might set the stage for a bounce. After falling below $87,000 on November 20, 2025, Bitcoin has steadied around $87,300. Meanwhile, the wider crypto market has experienced over $914 million in liquidated leveraged positions, with $703 million coming from long positions
This recent pullback marks the largest correction of the current bull run, with Bitcoin falling 26.7% from its high. This has pushed stress indicators higher, including a local stress index reading of 67.82, according to Bitcoin analyst Axel Adler Jr., which is still above a key level but not as high as during previous major declines
There are also notable historical comparisons. During the 2019 U.S. government shutdown, a similar recovery followed a period of tight liquidity, with some analysts suggesting that Federal Reserve easing could help boost crypto markets
Recent figures indicate a partial rebound, with Bitcoin climbing nearly 2% to $92,621 on November 19, as reported by CoinSwitch Market Desk. The overall crypto market rose 2.3%, outperforming traditional assets as investors
Looking ahead, Bitcoin’s ability to break above $94,000 will be crucial, as this could pave the way to $95,000 and potentially reignite bullish sentiment. For now, the "max pain" zone remains in focus, with Bitwise experts warning that if capitulation occurs at these levels, a reversal could follow—if historical patterns persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Yen’s Decline Tests Bitcoin’s Risk Appetite Link as Fiscal Pressures Mount
- Japanese yen's 10-month low against the dollar sparks debate on Bitcoin's risk-on correlation amid divergent monetary policies. - Japan's ¥14 trillion fiscal package aims to boost liquidity but raises concerns over 240% debt-to-GDP ratio and rising bond yields. - Swiss franc emerges as new risk barometer as yen's carry trade faces strain from higher yields and potential capital outflows. - Bitcoin struggles to hold $92,000 support amid weak institutional demand and ETF inflows, with November bond auction
Fed Focuses on Curbing Inflation Instead of Stimulus, Postpones Interest Rate Reductions
- JPMorgan withdraws December Fed rate-cut forecast as market odds drop below 50%, reflecting uncertainty over central bank easing timelines. - Gold and Bitcoin decline amid "risk-off" sentiment, with traders scaling back bets on Fed accommodation and asset prices adjusting to prolonged high rates. - Fed officials emphasize cautious approach to inflation control, prioritizing labor market stability over premature cuts, with 2025 easing limited to one or two 25-basis-point reductions. - Internal Fed divisio
Bitcoin Updates Today: ABTC's Bold Bitcoin Strategy: Will the Hybrid Approach Surpass Market Fluctuations?
- American Bitcoin Corp. (ABTC) aims to scale to 50 EH/s hashing capacity via a hybrid model combining mining and Bitcoin treasury growth, leveraging a 2025 reverse merger with Hut 8’s Gryphon Digital Mining. - The merger, backed by Trump affiliates, enables ABTC to acquire Bitcoin at half market cost, driving Q3 2025 revenue growth to $64.2M with 56% gross margin from energy-efficient mining operations. - Risks include Bitcoin price volatility (noted $5.5M Q3 losses) and rising competition for affordable
Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void
- Bitcoin fell below $86,000 in late November 2025 as delayed U.S. jobs data and Fed policy uncertainty triggered a crypto sell-off. - BLS delayed October employment figures and November report, reducing December rate cut odds to 33% and eroding market clarity. - Fed internal divisions and a "data black hole" intensified volatility, with Ethereum and major cryptos losing 5-12% in 24 hours. - Fiscal acceleration and Trump tax-cut bill added complexity, while crypto liquidations hit $443M and stablecoin issu
