Bitcoin (BTC) experienced a slight recovery on November 26 after significant liquidation of over $500 million in crypto long positions. The price found support near $92,600 on Bitstamp, but market participants remain skeptical about a strong turnaround. Multiple analysts emphasized the importance of the $92.5K to $92K range, warning that losing this level could trigger further market sell-offs. The recent price action mirrors previous pullbacks, but concerns linger over high leverage levels despite the recent liquidations. Monitoring resource CoinGlass reported total liquidations across crypto exceeded $525 million during this volatile period. There is a cautious outlook from experts, noting the potential for Bitcoin to make another push towards $100,000 if favorable market conditions persist. However, the elevated leverage could lead to further downward pressure if key support levels are breached. Overall, the market's response to the price movement remains uncertain, highlighting the need for vigilance among traders as they navigate this pivotal moment in Bitcoin's price action.

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