Market data suggests this pullback resembles November 2019โs 17% dip, rather than the harsher 35% drop of November 2018, signaling a healthy market reset rather than panic. Analysts say overleveraged positions and underperforming projects have been purged, giving long-term investors a chance to enter at lower prices. Key monthly-close levels are under the microscope: $93,400 and $102,400. According to CrediBull Crypto, a close above $93K is mildly positive, while surpassing $102K would be highly bullishโbut likely next month. Midweek trading saw Bitcoin at $91.6k, struggling to break $92K resistance. Sector experts highlight that since spot Bitcoin ETFs launched in early 2024, institutional moves have shifted market rhythms, bringing year-end-like gains earlier than usual. Currently, BTC sits at $90,600, with analysts noting November historically sets the tone for Decemberโred Novembers often precede red Decembers. Matrixport calls this period a rare stalemate, with emotions, positioning, and macro trends at a delicate balance. ๐ข Indicators point to: ๐ธ Reduced crash-protection demand, liquidity, and volatility ๐ธ Rising realized losses and futures deleveraging (Glassnode) ๐ธ Bitcoin range-bound between $80Kโ$100K, waiting for conviction โ Smart money is positioning quietly. The market reset may be the springboard for Bitcoinโs next leg up. $BTC โ #JoinGrowthPointsDrawToWiniPhone17 $BTC
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CryptoCalling
ยท 11-30 17:03
Bank of Americaโs chief investment strategist Michael Hartnett says the โFed needs to cut, and $BTC will be first to sniff out coming Fed capitulation." $BTC $GT $ETH $GT $BTC
๐ฅ $BTC ๐ฅ๐ฒ๐๐ฒ๐ ๐ฆ๐ฝ๐ฎ๐ฟ๐ธ๐ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐๐๐๐ถ๐ป๐ด โ ๐๐ ๐๐ต๐ฒ ๐ก๐ฒ๐ ๐ ๐ฆ๐๐ฟ๐ด๐ฒ ๐ก๐ฒ๐ฎ๐ฟ?โผ๏ธโผ๏ธ
Market data suggests this pullback resembles November 2019โs 17% dip, rather than the harsher 35% drop of November 2018, signaling a healthy market reset rather than panic. Analysts say overleveraged positions and underperforming projects have been purged, giving long-term investors a chance to enter at lower prices.
Key monthly-close levels are under the microscope: $93,400 and $102,400. According to CrediBull Crypto, a close above $93K is mildly positive, while surpassing $102K would be highly bullishโbut likely next month.
Midweek trading saw Bitcoin at $91.6k, struggling to break $92K resistance. Sector experts highlight that since spot Bitcoin ETFs launched in early 2024, institutional moves have shifted market rhythms, bringing year-end-like gains earlier than usual.
Currently, BTC sits at $90,600, with analysts noting November historically sets the tone for Decemberโred Novembers often precede red Decembers. Matrixport calls this period a rare stalemate, with emotions, positioning, and macro trends at a delicate balance.
๐ข Indicators point to:
๐ธ Reduced crash-protection demand, liquidity, and volatility
๐ธ Rising realized losses and futures deleveraging (Glassnode)
๐ธ Bitcoin range-bound between $80Kโ$100K, waiting for conviction
โ Smart money is positioning quietly. The market reset may be the springboard for Bitcoinโs next leg up.
$BTC โ
#JoinGrowthPointsDrawToWiniPhone17 $BTC