On November 25, Bitcoin (BTC) experienced a decline of over 3%, with prices dipping to around $94,600 on Bitstamp. This drop follows a failed attempt to surpass the $100,000 milestone, raising concerns among traders. In a volatile environment, even positive news, such as a ceasefire in the Israel-Hezbollah conflict, failed to uplift market sentiment. Analysts highlighted that the significant liquidation levels on Binance indicate a search for support, with insights suggesting that if a local bottom isn't established, BTC could target the $89,000 to $91,000 range. Current market sentiment has made predictions for BTC reaching $100,000 before the end of November drop to 42%, although the odds for it reaching this target before 2025 remain at 75%. Popular traders emphasize the importance of remaining calm amidst the market fluctuations, advising individuals to develop emotional resilience when navigating the crypto landscape.

Source 🔗