Key highlights:
- Bitcoin rebounds from $80K and retests major resistance zones.
- Analysts highlight levels that could unlock a stronger rally.
- Institutional demand shows signs of returning to the market.
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Bitcoin has climbed 14% in a week to reach $91,950, recovering quickly from its drop to $80,000 on November 21. The strong rebound has reignited debate among traders and analysts, who remain divided between bullish continuation and cautious skepticism regarding the next move.
Trader Daan Crypto points to the important $89,000–$91,000 zone, which acted as support in late 2024 and early 2025. After serving as resistance during past geopolitical and trade tensions, Bitcoin’s breakout above this zone previously led to new highs. He believes that holding this range now could open the door to further gains.
Source: DaanCrypto via X
Analyst Crypto Candy also reports that Bitcoin is moving exactly as expected. With the price reclaiming the $86,000 – $87,500 area, he sees momentum building toward the next target zone at $93,000-$95,000, provided current strength continues. For now, support below $87,500 remains stable.
Source: Crypto Candy via X
Opinions across the market vary widely.
Rekt Capital notes that the recovery he predicted earlier has already taken shape. Meanwhile, trader Roman urges caution, warning that the rebound follows a $40,000 drop from all-time highs and may still represent a standard resistance retest rather than a confirmed trend reversal.
Source: Rekt Capital via X
Adam Kobeissi, founder of The Kobeissi Letter, says last week’s decline was a normal correction. He points to heavy volatility in tech stocks, many of which have fallen more than 20%, and suggests the market is swinging between narratives such as “AI is a bubble” and “AI is the future.”
Crypto trader Michaël van de Poppe adds that not every crash leads to another crash. Historically, sharp declines often mark the true bottom, referencing the Terra collapse, the FTX bankruptcy, the COVID-19 period, and dips in August 2023 and February 2025.
Meanwhile, Tom Lee has revised his previous prediction of Bitcoin hitting $250,000 in 2025, and now says he simply expects a return to $100,000 and potentially a new all-time high.
Institutional signs turn positive again
Analyst Cas Abbé reports renewed buying from BlackRock, which recently acquired $57 million in Bitcoin and $46 million in Ethereum from Coinbase. He also highlights that the Bitcoin premium on Coinbase is recovering, an early sign of easing sell pressure.
According to Abbe, market data shows improving sentiment that could set the stage for a strong December if momentum continues and key levels hold.
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Source:: Bitcoin Recovers to $92,000 and Traders Ask if the Correction Is Finally Over