Bitcoin Updates Today: Bitcoin Stuck in Consolidation: Crucial Support Levels Will Decide Bullish or Bearish Outcome
- Bitcoin's recent price action sparks debate on its near-term trajectory, with analysts highlighting a critical $74,000 bear-market floor and consolidation risks. - Historical bull cycles suggest potential 25-40% mid-cycle dips, with key support zones at $92,000–$95,000 and $75,000–$82,000 identified by technical analysts. - Glassnode notes "consolidation limbo" as buyers accumulate dips but face dense supply walls above $106,000, requiring renewed inflows to sustain bullish momentum. - Market fragility p
Bitcoin’s latest price fluctuations have sparked renewed discussions about its short-term direction, as experts highlight possible downward risks during a period of broader bull-market consolidation. A bear-market base at $74,000 has
The digital asset’s present hurdles are tied to its inability to maintain levels above important psychological supports. Historically, falling below $90,000—which matches the 6–12 month investor cost basis—has led to longer correction periods. Previous bull runs have featured mid-cycle drops of 25% to 40%, implying Bitcoin might
Chart analysts have pinpointed three major support areas. The closest, between $92,000 and $95,000, corresponds with recent ETF inflows and may serve as the first line of defense. A more pronounced drop could see prices fall to $85,000–$90,000, which would be consistent with a standard mid-cycle correction. In a more severe downturn, Bitcoin could revisit $75,000–$82,000 if economic conditions deteriorate or ETF withdrawals intensify,
Glassnode’s research points to Bitcoin being in a “consolidation limbo,” with buyers gradually accumulating during price dips but encountering heavy resistance between $106,000 and $118,000—a range where many investors sell to break even
Regaining the 365-day moving average will be crucial for the market. A quick recovery could ease downward pressure and make a drop below $90,000 less likely. However, if weakness persists, the odds of testing mid-cycle support levels increase.
As of November 2025, Bitcoin’s total market value is $3.57 trillion,
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.
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