Bitcoin Price Won’t Crash To $92,000, Here’s Why

Overview

The recent decline of Bitcoin below the $100,000 mark has sparked a wave of bearish predictions concerning its future price trajectory. Despite the prevailing sentiment among some traders that Bitcoin may drop to $92,000, certain analysts argue against this viewpoint, suggesting that a significant upside potential remains.

Current Market Sentiment

As Bitcoin’s price fell below the psychological threshold of $100,000, many traders began to speculate about a potential correction to $92,000. However, crypto analyst @YazanXBT has emerged as a prominent voice opposing this bearish outlook. On November 13, he expressed his belief that Bitcoin is poised for a move towards a new all-time high, indicating a target price of $145,000 instead of a decline.

@YazanXBT referenced past market behavior, recalling a previous bear market where many anticipated a drop to much lower price levels, such as $12,000 or $10,000. Contrary to these predictions, Bitcoin bottomed at $15,800 before experiencing a substantial recovery. He posits that widespread bearish sentiment could indicate that the opposite price movement is more likely.

In response to @YazanXBT’s assertions, a community member pointed out an unfilled gap at $92,000 on the Chicago Mercantile Exchange (CME). This observation is based on historical trends where Bitcoin has filled CME gaps prior to achieving new highs, leading to speculation about an imminent price crash. Nonetheless, @YazanXBT dismissed this bearish perspective, maintaining that Bitcoin is more likely to rally to $145,000 before any significant pullback.

Currently, Bitcoin is trading slightly above $96,000, following weeks of price declines and capitulation, and there are no clear signs of a recovery at this moment.

Analyst Perspectives

Crypto market expert @CottonXBT has shared insights via a price chart illustrating Bitcoin’s recent drop below $97,000. He identified sharp sell-offs and rapid price wicks, suggesting that the recent price action might be indicative of market manipulation rather than a true trend reversal. According to @CottonXBT, such patterns often emerge when large market players attempt to shake out retail investors before pushing prices higher. He encourages investors to disregard the prevailing Fear, Uncertainty, and Doubt (FUD) and to consider increasing their Bitcoin holdings.

Additionally, other market observers view the current Bitcoin pullback as an opportunity to accumulate at lower price levels. Simon Dixon, the CEO and co-founder of BnkToTheFuture, has encouraged investors to take advantage of the current prices, suggesting they can acquire more Bitcoin for their fiat currency.

Impact on the Crypto Market

• The debate over Bitcoin’s future price trajectory reflects a division in market sentiment, with both bearish and bullish perspectives gaining traction.
• Analysts are using historical market behavior to support their claims, emphasizing the potential for significant price movements in either direction.
• The notion of market manipulation may influence investor behavior, potentially leading to increased volatility.
• The presence of unfilled CME gaps continues to be a focal point for traders, impacting trading strategies and expectations.
• Overall, the current market dynamics highlight the uncertainty within the crypto space, prompting many to reassess their investment approaches.

Updated: 11/15/2025, 11:17:37 AM