Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Bitcoin News Today: Bitcoin Faces a Pivotal Week: Optimistic Buying Meets Bearish Whales Amid Economic Uncertainty

Bitcoin News Today: Bitcoin Faces a Pivotal Week: Optimistic Buying Meets Bearish Whales Amid Economic Uncertainty

Bitget-RWA2025/11/28 02:38
By: Bitget-RWA
- Bitcoin stabilizes near $87,000 after 11-day selloff, with analysts divided on whether the rebound signals a trend reversal or temporary relief. - US ETFs record $1.22B in outflows amid weak institutional demand, compounded by macroeconomic uncertainty and delayed Fed rate-cut expectations. - Technical indicators show mixed signals: RSI suggests waning bearish momentum, while a "Death Cross" pattern historically precedes deep corrections. - Institutional accumulation by mid-sized wallets contrasts with w

Bitcoin Faces a Crucial Week Amid Market Uncertainty

Bitcoin traders are preparing for a significant week as the cryptocurrency approaches what could be a local bottom, following a sharp 20% drop in November. While some analysts believe the recent price recovery could mark the start of a new upward trend, others see it as only a brief pause before further declines. Currently, Bitcoin (BTC) is hovering near $87,000 after an extended 11-day sell-off that saw prices fall to a seven-month low of $80,600. On-chain data indicates that accumulation by mid-sized wallets may offer short-term support, but ongoing selling by large holders and continued outflows from spot ETFs are keeping bearish sentiment alive.

Institutional demand has remained weak, intensifying the November downturn. Last week, U.S. Bitcoin ETFs experienced $1.22 billion in net outflows, marking the fourth straight week of withdrawals. This pattern reflects broader economic uncertainty, with the Federal Reserve delaying expected interest rate cuts—currently, there is a 67.1% probability of a 25-basis-point cut in December. Political developments, such as Donald Trump’s proposal for a $2,000 stimulus check for Americans, have also contributed to market volatility, though prediction markets view the proposal as unlikely.

Mixed Technical Signals

Bitcoin Technical Chart

Technical analysis presents a mixed outlook. The daily Relative Strength Index (RSI) has climbed to 31, suggesting that bearish momentum may be slowing. Meanwhile, the MACD indicator hints at a possible bullish crossover. However, the recent formation of a "Death Cross"—where the 50-day moving average falls below the 200-day moving average—has historically signaled deeper corrections, as seen with Bitcoin’s 64% drop in 2022 and 67% decline in 2018. Experts emphasize that BTC needs to reclaim the 50-day EMA at $100,937 to confirm a lasting recovery.

Bullish and Bearish Forces at Play

Optimists point to historical capitulation patterns and institutional activity as reasons for hope. According to a Bitcoin analyst cited by Coindesk, a layered capitulation-volume model suggests that $80,000 could be a strong bottom, with a 91% probability of a 35% rebound to $118,000. This perspective is supported by Hilbert Group’s recent purchase of BTC at $84,568 as part of its long-term treasury strategy, indicating institutional confidence despite volatility. On-chain data from CryptoQuant shows that wallets holding between 10 and 1,000 BTC are accumulating, even as larger holders (1,000–10,000 BTC) continue to sell.

Nonetheless, bearish fundamentals remain prominent. Large Bitcoin deposits to exchanges have surged, accounting for 45% of inflows since October—a trend historically linked to failed support at $100,000 and $95,000. Additionally, USDT outflows from exchanges have increased, reducing liquidity for spot purchases and raising the risk of further declines. Deribit data reveals $2 billion in put options at the $80,000 strike price, representing the most bearish positioning since 2022.

Global Adoption and Market Dynamics

Adoption trends in emerging markets add complexity to the outlook. South Africa’s top three crypto exchanges now serve 7.8 million users and hold $1.5 billion in assets, highlighting growing interest across Africa despite ongoing volatility. Meanwhile, SpaceX’s transfer of 1,163 BTC (worth $105 million) to new wallets has fueled speculation about custodial changes, though analysts attribute the move to liquidity management rather than panic selling.

Key Levels and the Road Ahead

The future direction for Bitcoin will likely depend on macroeconomic developments and liquidity trends. Arthur Hayes of BitMEX suggests that Bitcoin could surge to $200,000–$250,000 if the Federal Reserve steps in to stabilize financial markets, though this outcome hinges on Treasury yields and stock market performance. For now, traders are closely watching critical price levels: immediate support at $82,000–$84,000, a bearish target at $74,000, and resistance between $92,000 and $94,000.

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum Updates Today: Fed's QT Conclusion and FUSAKA Enhancement May Drive Ethereum's Upcoming Surge

- Ethereum tests $2,850 support as ETF inflows and FUSAKA upgrade boost institutional confidence. - FUSAKA upgrade introduces PeerDAS, boosting data capacity eightfold and cutting L2 fees by 90%. - Fed’s December QT end and rate cut expectations fuel liquidity and bullish sentiment. - Technical indicators show consolidation near $2,800–$3,080, with potential for $3,550 by mid-2026 if upgrades align with liquidity.

Bitget-RWA2025/11/30 10:32
Xerox Campus Transformation in Webster, NY: Revealing Hidden Value in Real Estate and Infrastructure

- Webster , NY, partners with state grants and private investors to transform a 300-acre Xerox brownfield into a high-tech industrial hub. - A $9.8M FAST NY grant funds infrastructure upgrades, making the site shovel-ready for advanced manufacturing by 2025. - Municipal boundary adjustments and a $650M fairlife® dairy plant highlight strategic efforts to attract high-value industries and create 250 jobs. - Rising property values (10.1% annual growth) and 2% industrial vacancy rates signal strong demand, bo

Bitget-RWA2025/11/30 10:28
Astar 2.0's Influence on the Market: Transforming DeFi and Boosting Token Worth

- Astar 2.0 introduces Tokenomics 3.0 with a fixed 10.5B ASTR supply and deflationary burn mechanisms to attract institutional investors. - Hybrid ZK Rollup-EVM architecture achieves 150,000 TPS and cross-chain interoperability via Plaza, supported by Sony , Toyota , and Japan Airlines partnerships. - Governance reforms and community-driven councils by mid-2026 aim to align with institutional expectations, while Startale App launch in 2026 targets mass adoption.

Bitget-RWA2025/11/30 10:28

Trending news

More
1
Ethereum Updates Today: Fed's QT Conclusion and FUSAKA Enhancement May Drive Ethereum's Upcoming Surge
2
Crypto’s Harmful Culture Poses a Greater Risk to Growth Than Bear Markets, According to Hoskinson

Crypto prices

More
Bitcoin
Bitcoin
BTC
$91,320.41
+0.92%
Ethereum
Ethereum
ETH
$3,009.49
+0.49%
Tether USDt
Tether USDt
USDT
$1
-0.02%
XRP
XRP
XRP
$2.19
+0.48%
BNB
BNB
BNB
$878.51
-0.21%
Solana
Solana
SOL
$136.8
+0.07%
USDC
USDC
USDC
$0.9997
-0.02%
TRON
TRON
TRX
$0.2807
+0.05%
Dogecoin
Dogecoin
DOGE
$0.1494
+0.33%
Cardano
Cardano
ADA
$0.4209
+1.46%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter