Bitcoin Price Climbs Back To $91,000: Is The Decline Over? Key Levels To Watch
Overview
Bitcoin’s price has recently entered a recovery phase, climbing back to $91,000 after experiencing a significant decline. This follows a drop of over 30% from its all-time highs, reaching an 8-month low of $80,000. The current price movements are crucial for investors as they indicate potential support and resistance levels.
Recent Price Movements
Bitcoin has managed to recapture the $91,000 level after falling sharply to $80,000. Technical analyst Daan Crypto Trades has noted that the price range between $89,000 and $91,000 is critical for investors to watch. This range previously acted as support in late 2024 and early 2025 before turning into resistance during recent tariff negotiations involving the U.S. and global economies.
Daan highlighted that after breaking out of this zone approximately one year ago, Bitcoin reached new highs of $109,000 in January, which were maintained until a new uptrend led to a peak of $112,000 in May. He suggests that a strong consolidation above the $89,000 to $91,000 range could facilitate a rally toward $106,000 to $108,000. Conversely, a decline below these levels may see Bitcoin revisit its recent low of $80,000.
Analyst Perspectives
Another analyst, BitcoinVector, shared a similar bullish outlook but issued a cautionary note about the high-risk market environment. BitcoinVector emphasized that steady momentum is required for Bitcoin to break out of a compression pattern that has emerged since its all-time high. For a successful recovery, he indicated that Bitcoin must first close within the $89,000 to $90,000 zone and then consolidate above this area before aiming for a breakout through the $93,500 to $95,000 range.
Market analyst Skew provided further insights, revealing that the four-hour chart for Bitcoin appears more favorable for bullish sentiments. Key indicators such as the price being above the four-hour 50 EMA and the RSI remaining above 50 suggest upward momentum. Skew identified the $88,000 mark as a crucial support level, arguing that falling below this would indicate weakness in the market.
However, not all analysts share the same optimism. Jacob King expressed a more pessimistic view, suggesting that Bitcoin is currently in a bear market, which could persist for years. He pointed out that the cryptocurrency has never experienced a substantial decline followed by a prolonged bull market, raising concerns for heavily leveraged investors.
Impact on the crypto market
- Bitcoin’s recovery to $91,000 may influence investor sentiment and strategy.
- The $89,000 to $91,000 range serves as a critical support and resistance zone.
- Analysts are divided, with some optimistic about potential upward momentum and others warning of a prolonged bear market.
- Key indicators and technical analysis suggest that Bitcoin’s performance in the coming days will be crucial for determining its market trajectory.
- A failure to maintain above critical support levels could lead to significant market reactions.
Updated: 11/27/2025, 11:21:36 AM
