As the crypto market rebounds from last week’s sharp correction, Bitcoin (BTC) is attempting to reclaim a critical support area to sustain its recovery rally. Analysts suggest that this week’s close may be decisive in shaping BTC’s end-of-year performance.
Resistance Holds Ahead of Monthly Close
On Friday morning, Bitcoin hit a one-week high of $93,092 before retracing, retesting a crucial resistance zone. The cryptocurrency has struggled to hold significant support levels during November’s corrections, remaining below the $100,000 mark for nearly two weeks.
Last week, BTC briefly dropped below $90,000, reaching a seven-month low of $80,600, before leading a broader market recovery. Analysts note that Bitcoin is now revisiting a re-accumulation region between $82,000 and $93,000, a price range established after previous pullbacks, including the Q1 market correction.
Analyst Rekt Capital highlighted that BTC has rebounded more than 7% from the local bottom, retesting the high zone of its local range. The cryptocurrency is attempting to hold the $90,000–$91,000 area as support after facing rejection from key resistance levels.
Rekt Capital added that last week’s weekly close aligned with BTC’s monthly range, suggesting a potential floor around $86,000. Maintaining this range could set the stage for a new trading corridor between $86,000 and $93,000.
“The ~$93,500 level happens to be a Four-Year Cycle level. History suggests price should be able to find a way to a 12-month close above ~$93,500 to finish 2025 green,” he noted on X.
Short-Term Outlook: Rally or Drop?
Market analyst Ted Pillows discussed Bitcoin’s near-term trajectory, focusing on resistance around the $92,000–$93,000 zone. According to Pillows, reclaiming this area could propel BTC toward $98,000–$100,000 in the coming weeks.
Conversely, failure to hold this zone may push Bitcoin below $88,000, potentially triggering a deeper retracement. Pillows emphasized that this level is crucial in the short term, as rejection here could bring the price back to recent lows.
Trader Daan Crypto Trades also highlighted the creation of a liquidity pocket between $97,000–$98,000, formed by marginally lower highs over the past weeks. This zone aligns with major horizontal price levels on longer timeframes, making it a key area to watch during BTC’s consolidation.
Daan noted that a breakdown could see Bitcoin finding support around $88,000, while holding above $91,800 may trigger another retest of the $93,000 resistance. He also warned of a “choppy environment in the short term” due to typically low trading volumes around Thanksgiving.
Current Price
As of writing, Bitcoin trades at $90,500, reflecting a 1.1% decline on the daily timeframe, as traders weigh the cryptocurrency’s ability to maintain key support levels and build momentum toward year-end targets.