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 Today: Bitcoin Drops to $90K—Is This a Prime Buying Chance or the Start of a Deeper Downturn?
- Bitcoin fell below $90,000, pushing 70% of active capital into losses and erasing $120B in market value. - Short-term holders face >30% drawdowns, with fear metrics hitting 2-year lows as $1.9B in leveraged positions liquidated. - Analysts cite historical rebounds after extreme fear, but MicroStrategy's leveraged holdings risk further selling if prices drop. - Institutional actions and Fed policy uncertainty remain key factors, though oversold indicators suggest potential 40% near-term rebound.
Coast Guard Strengthens Prohibition of Hate Symbols to Combat Antisemitism and Extremist Activity
- U.S. Coast Guard reversed a policy to reclassify hate symbols like swastikas and nooses from "potentially divisive" to prohibited, following backlash from lawmakers and advocacy groups over antisemitism risks. - The reversal came after a leaked draft proposal aligned with Trump-era Pentagon directives, which critics argued weakened harassment definitions and accountability for hate incidents. - Coast Guard reaffirmed strict prohibitions on divisive symbols, emphasizing severe punishment for violations, b
Bitcoin Updates Today: MicroStrategy Faces a Bitcoin Conundrum: Should They Retain for Future Gains or Liquidate to Stay Afloat?
- MicroStrategy's stock hits 52-week low as Bitcoin dips below $88,000, testing its BTC treasury strategy's viability. - 650,000 BTC holdings now "underwater" at $74k average cost, limiting capital raises and straining liquidity instruments. - Preferred shares (STRD/STRK) fall 30-34% as market demands higher yields, while JPMorgan warns of $8.8B outflow risk from index exclusion. - CEO Saylor claims 80% BTC drop tolerance, but critics fear forced sales could trigger self-fulfilling price declines. - Weak c
XRP News Today: XRP Faces $1.75 Test as Buyers Confront $15M Withdrawals with ETFs on the Horizon
- XRP faces critical $1.75 support zone amid $15.5M outflows and 50% decline from July highs. - TD Sequential buy signals and ETF launches (Nov 18) could trigger rebounds or stabilize price. - Key resistance at $2.150 threatens bearish trend if $1.75 support fails to hold. - Market volatility highlights ETFs' potential to shift institutional adoption and price dynamics.
Trending news
MoreCrypto prices
More
