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🔥 $BTC 𝗥𝗲𝘀𝗲𝘁 𝗦𝗽𝗮𝗿𝗸𝘀 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗕𝘂𝘆𝗶𝗻𝗴 – 𝗜𝘀 𝘁𝗵𝗲 𝗡𝗲𝘅𝘁 𝗦𝘂𝗿𝗴𝗲 𝗡𝗲𝗮𝗿?‼️‼️
Market data suggests this pullback resembles November 2019’s 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 bullish—but 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 December—red Novembers often precede red Decembers. Matrixport calls this period a rare stalemate, with emotions, positioning, and macro trends at a delicate balance.
🟢 Indicators point to:
🔸 Reduced crash-protection demand, liquidity, and volatility
🔸 Rising realized losses and futures deleveraging (Glassnode)
🔸 Bitcoin range-bound between $80K–$100K, waiting for conviction
✅Smart money is positioning quietly. The market reset may be the springboard for Bitcoin’s next leg up.
$BTC
#JoinGrowthPointsDrawToWiniPhone17 $BTC