As November comes to a close, Bitcoin (BTC) is trading in a zone traditionally treated as routine support. However, this month, the market’s fate appears tied to a single critical level: $93,000. According to prominent crypto trader DonAlt, this number is pivotal in determining whether BTC maintains its higher-time frame bullish bias or enters a deeper corrective phase that could undo months of orderly price structure.

DonAlt, known for his accurate calls—including a forecasted 700% rally for XRP in late 2024—highlighted how BTC’s recent rejection near $115,000 pushed it back into the same green block that fueled its breakout from the $80,000 range. This zone now acts as the decisive battleground for bulls and bears alike.

Potential Bitcoin Price Scenarios

• Bullish Case: If BTC can reclaim and close above $93,500 on the monthly chart, the higher-time frame bullish picture would be restored. Such a move could pave a direct path back toward the $110,000–$120,000 range without requiring new catalysts or sudden inflows. Traders could then anticipate strong, surprise upward moves in line with the established bullish structure.
• Bearish/Corrective Case: Conversely, a monthly close below $93,000 would weaken the bullish argument. In this scenario, dips could extend toward $85,000, or even mid-$70,000, where the so-called average price of Strategy—a major corporate Bitcoin holder—is waiting to be tested.

Market Takeaway

This month’s close is crucial: $93,000 is not just another support level—it’s a structural pivot for Bitcoin’s medium-term trend. Traders and investors will be watching closely as BTC navigates this zone, determining whether the market continues its bullish march or shifts into a corrective phase.