11/20/2025 423 words 2 min read

Bitcoin Price Fails to Rebound, Keeping Struggle Intact Near Crucial Zones

Bitcoin’s recent price action has seen it struggle to maintain momentum, finding support around $88,500. Although there has been a slight correction from recent losses, significant resistance levels exist that may hinder any potential recovery.

Current Price Action

Bitcoin has recently experienced a decline, trading below key levels of $93,000 and $92,500. The price is currently situated below the 100 hourly Simple Moving Average, indicating a bearish trend. A bearish trend line is forming, with resistance noted at $93,500 on the hourly chart of the BTC/USD pair. Should the price settle below the $90,000 zone, it could face further downward movement.

Hurdles to Recovery

The price of Bitcoin has struggled to remain above the $92,000 mark, with bearish sentiment pushing it lower. The bears have successfully driven the price beneath the $89,500 level, resulting in a low of $88,570. Although there has been an attempt at recovery, the price remains below both $93,000 and the 100 hourly Simple Moving Average.

If Bitcoin bulls attempt to push higher, they may encounter resistance near the $92,500 level and the 76.4% Fibonacci retracement level of the recent decline. Key resistance points are identified at $93,500 and the trend line, with further resistance potentially at $93,750. A close above this level could indicate a stronger upward movement.

Potential for Further Decline

Should Bitcoin fail to surpass the $93,500 resistance zone, it may face another decline. Immediate support is identified near the $91,150 level, followed by more significant support at $90,500 and $90,000. If the price continues to drop, it could approach the $88,500 support level. The primary support level is noted at $86,500, below which Bitcoin may experience accelerated losses.

Technical Indicators

Hourly MACD: Currently losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index): Above the 50 level, indicating some bullish potential.

Impact on the crypto market

Bitcoin’s struggle to maintain upward momentum could influence trader sentiment, potentially leading to increased caution in the market.
Resistance levels may deter bullish traders, limiting potential upward movements and keeping prices volatile.
The presence of strong support levels suggests that traders will closely monitor these zones for signs of further declines or recoveries.
The bearish trend line indicates a prevailing negative sentiment, which could affect other cryptocurrencies linked to Bitcoin’s performance.
Market participants may adjust their strategies based on Bitcoin’s inability to reclaim higher price levels, creating a ripple effect throughout the crypto market.

Updated: 11/20/2025, 3:14:01 AM