As Bitcoin (BTC) makes a bold move to reclaim the $88,000 level, some enthusiasts are feeling optimistic that the recent dip is the bottom and a recovery rally is just around the corner. However, others are cautioning that Bitcoin’s struggles this November might continue if it can\u2019t maintain its current standing.<\/p>\n
Related Reading<\/span><\/h2>\n<\/p>\nBitcoin Gains Local Support<\/h2>\n
On Monday, Bitcoin showed signs of recovery from its recent dip<\/a>, edging closer to a significant resistance mark for the second day in a row. This month has seen the cryptocurrency face tough times as it struggled to maintain key support levels, dropping below the $100,000 psychological barrier and hovering near multi-month lows.<\/p>\nJust last week, BTC fell below the $90,000 mark for the first time since April, dropping to a low of $80,600 by Friday. However, over the weekend, it stabilized, bouncing between $84,000 and $87,000, with a brief attempt to retest the $88,000 resistance before being pushed back down.<\/p>\n
Arthur Hayes, co-founder of BitMEX, proposed<\/a> that Bitcoin might benefit from some \u201cminor improvements\u201d in U.S. liquidity trends. In a Monday post on X, he predicted the price might dip below $90,000 soon, potentially hitting $80,000 again, but he believes it will likely stabilize eventually.<\/p>\nAnalyst Rekt Capital suggested<\/a> that Bitcoin is revisiting an important re-accumulation zone between $82,500 and $93,000, a region where it consolidated in Q1 2025 after losing support.<\/p>\n\nThis area is where Bitcoin built its base before bouncing back during earlier cycles, and it very much defines the current bottom boundary. Together, these levels create a clear Monthly Range between $82.5k and $93k, framing the broader picture for our current consolidation phase.<\/p>\n<\/blockquote>\n
The analyst also noted that a weekly close above the $86,000 level aligns with the critical monthly range, which could allow Bitcoin to establish a new floor between this level and the $93,000 resistance. He reassured investors not to fret if price dips<\/a> into the liquidity pool between $78,000 and $86,000 \u201cas long as we see stability\u201d at current levels.<\/p>\nNo BTC Party Until 2028?<\/h2>\n
Market observer Ted Pillows pointed out<\/a> that Bitcoin has yet to reclaim its local highs on daily and weekly charts, warning that if the $88,000-$90,000 area doesn\u2019t turn into solid support quickly, we might see a drop to new monthly lows below $80,000.<\/p>\nAt the same time, Crypto Bullet shared<\/a> a bearish outlook for Bitcoin, stating that BTC \u201cwon\u2019t achieve a new all-time high until 2028\u201d based on past trends. He clarified that if BTC is following its four-year cycle, it may have hit its cycle peak in October and is now entering a corrective phase.<\/p>\nBTC\u2019s current performance mirrors that of 2022. Source: Crypto Bullet on X<\/a><\/figcaption><\/figure>\nThe analyst drew parallels between the bullish runs of 2021-2022 and today’s scenario. The chart indicates that BTC was climbing within an ascending channel, showcasing price rallies to the upper edge after key retests of the ascending support line.<\/p>\n
Related Reading<\/span><\/h2>\n<\/p>\nHowever, when Bitcoin tested the channel\u2019s lower boundary again, it bounced to the mid-zone before being rejected<\/a> at the 50-week Moving Average (MA), losing the multi-year trend pattern.<\/p>\nCurrently, as BTC is retesting the pivotal ascending support, the analyst surmised that Bitcoin could revisit the $110,000 area in the upcoming weeks before pulling back around 60% to the $40,000 mark by 2026.<\/p>\n
As of now, Bitcoin is trading at $88,692, reflecting a 2% increase in the past day.<\/p>\n![\"Bitcoin,](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/BTCUSDT_2025-11-24_12-58-59.png?w=860&resize=860%2C506\")
Bitcoin\u2019s performance on the one-week chart. Source: BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\nFeatured Image from Unsplash.com, Chart from TradingView.com<\/p>\n<\/div>\n
Just last week, BTC fell below the $90,000 mark for the first time since April, dropping to a low of $80,600 by Friday. However, over the weekend, it stabilized, bouncing between $84,000 and $87,000, with a brief attempt to retest the $88,000 resistance before being pushed back down.<\/p>\n
Arthur Hayes, co-founder of BitMEX, proposed<\/a> that Bitcoin might benefit from some \u201cminor improvements\u201d in U.S. liquidity trends. In a Monday post on X, he predicted the price might dip below $90,000 soon, potentially hitting $80,000 again, but he believes it will likely stabilize eventually.<\/p>\n Analyst Rekt Capital suggested<\/a> that Bitcoin is revisiting an important re-accumulation zone between $82,500 and $93,000, a region where it consolidated in Q1 2025 after losing support.<\/p>\n This area is where Bitcoin built its base before bouncing back during earlier cycles, and it very much defines the current bottom boundary. Together, these levels create a clear Monthly Range between $82.5k and $93k, framing the broader picture for our current consolidation phase.<\/p>\n<\/blockquote>\n The analyst also noted that a weekly close above the $86,000 level aligns with the critical monthly range, which could allow Bitcoin to establish a new floor between this level and the $93,000 resistance. He reassured investors not to fret if price dips<\/a> into the liquidity pool between $78,000 and $86,000 \u201cas long as we see stability\u201d at current levels.<\/p>\n Market observer Ted Pillows pointed out<\/a> that Bitcoin has yet to reclaim its local highs on daily and weekly charts, warning that if the $88,000-$90,000 area doesn\u2019t turn into solid support quickly, we might see a drop to new monthly lows below $80,000.<\/p>\n At the same time, Crypto Bullet shared<\/a> a bearish outlook for Bitcoin, stating that BTC \u201cwon\u2019t achieve a new all-time high until 2028\u201d based on past trends. He clarified that if BTC is following its four-year cycle, it may have hit its cycle peak in October and is now entering a corrective phase.<\/p>\n The analyst drew parallels between the bullish runs of 2021-2022 and today’s scenario. The chart indicates that BTC was climbing within an ascending channel, showcasing price rallies to the upper edge after key retests of the ascending support line.<\/p>\n However, when Bitcoin tested the channel\u2019s lower boundary again, it bounced to the mid-zone before being rejected<\/a> at the 50-week Moving Average (MA), losing the multi-year trend pattern.<\/p>\n Currently, as BTC is retesting the pivotal ascending support, the analyst surmised that Bitcoin could revisit the $110,000 area in the upcoming weeks before pulling back around 60% to the $40,000 mark by 2026.<\/p>\n As of now, Bitcoin is trading at $88,692, reflecting a 2% increase in the past day.<\/p>\n Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n<\/div>\n\n
No BTC Party Until 2028?<\/h2>\n
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