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11-20-2025, 05:45 AM
Bitcoin Analysis for 20 November 2025
As mentioned in the previous Bitcoin analysis dated 06 November 2025, there was temporary potential for an ascent, a scenario that ultimately materialised as the price reached the indicated resistance levels.
Regarding Bitcoin, and in line with our warnings in previous analyses, a correction was possible. This unfavourable scenario ultimately occurred, and with the sharp price decline in recent weeks, investors have become disheartened.
Currently, on long-term timeframes such as the weekly, there is no apparent justification for a price ascent, and the minimum signals required for the trend to return to normal have not yet formed on the chart.
On shorter timeframes, such as the daily and 4-hour, the price has halted its further decline upon reaching the $89,000 support level. With sellers retreating, a "spinning top" candle has formed, indicating market indecision and a potential trend reversal.
Given that the price is oversold and the sentiment index is at 15 (yesterday at 11, reflecting "Extreme Fear"), high-risk buyers are active in this region. If the $89,000 support level holds, the price could rise toward the $93,500 resistance level and, in a more extended move, up to $97,900.
In the opposing bearish scenario, the first signal will be triggered by a break of the $89,000 key level. In this event, the price could reach $86,500 or, in a more severe move, drop to $85,000.
As mentioned in the previous Bitcoin analysis dated 06 November 2025, there was temporary potential for an ascent, a scenario that ultimately materialised as the price reached the indicated resistance levels.
Regarding Bitcoin, and in line with our warnings in previous analyses, a correction was possible. This unfavourable scenario ultimately occurred, and with the sharp price decline in recent weeks, investors have become disheartened.
Currently, on long-term timeframes such as the weekly, there is no apparent justification for a price ascent, and the minimum signals required for the trend to return to normal have not yet formed on the chart.
On shorter timeframes, such as the daily and 4-hour, the price has halted its further decline upon reaching the $89,000 support level. With sellers retreating, a "spinning top" candle has formed, indicating market indecision and a potential trend reversal.
Given that the price is oversold and the sentiment index is at 15 (yesterday at 11, reflecting "Extreme Fear"), high-risk buyers are active in this region. If the $89,000 support level holds, the price could rise toward the $93,500 resistance level and, in a more extended move, up to $97,900.
In the opposing bearish scenario, the first signal will be triggered by a break of the $89,000 key level. In this event, the price could reach $86,500 or, in a more severe move, drop to $85,000.
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