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Bitcoin Updates Today: Bitcoin's Turbulent Fluctuations: Lasting Rebound or Brief Pause?

Bitcoin Updates Today: Bitcoin's Turbulent Fluctuations: Lasting Rebound or Brief Pause?

Bitget-RWA2025/11/23 03:22
By:Bitget-RWA

- Bitcoin surged 1.63% to $84,000 on Nov 23, 2025, after hitting a seven-month low, amid mixed bearish and bullish signals. - A 4.53% drop on Nov 21 triggered $1.9B in liquidated leveraged positions and a $120B market cap loss in one day. - Analysts debate sustainability of recovery, citing extreme retail fear, historical bullish reversals, and retesting of key technical support. - Crypto-related stocks like Coinbase and Bitcoin ETFs rose, but institutional confidence wavered as MicroStrategy fell 5%. - Un

On November 23, 2025, Bitcoin’s price fluctuated between bearish and bullish territory, climbing 1.63% to reach $84,000 after dipping to a seven-month low of $81,629 earlier in the week. The overall cryptocurrency market, which had previously dropped below a $2.8 trillion valuation, began to show signs of steadying, though

on whether this uptick marks a lasting recovery or just a brief rally.

The downturn started on November 21, when

slid 4.53% to $82,605, pushing its monthly decline to 23%—the steepest drop since June 2022. In just four hours, over $1.9 billion in leveraged long positions were wiped out, and the crypto market’s total capitalization shrank by $120 billion in one day. , and open interest in perpetual futures contracts dropped 35% from the October high, indicating a pullback from institutional investors. At the same time, , , and BNB all suffered double-digit losses, weighed down by disappointing U.S. jobs data and diminishing expectations for Federal Reserve rate reductions .

Bitcoin Updates Today: Bitcoin's Turbulent Fluctuations: Lasting Rebound or Brief Pause? image 0
Despite the turbulence, some market watchers believe a rebound could be forming. Bitcoin has once again tested a crucial technical support within a symmetrical ascending channel that has been in place since early 2023. Data from Santiment also points to heightened retail anxiety, with the CoinMarketCap Fear and Greed Index at 15 out of 100. Historically, such extreme fear has often preceded bullish reversals, as seen after the U.S. government shutdown in 2019. Moreover, on November 19 to $92,621, along with a 2.3% rally in the broader market, suggests that short-term buyers are stepping in.

The stock market for crypto-related companies reflected Bitcoin’s mixed results.

(COIN) advanced 1.7%, while (BITF) jumped 6.2% as Bitcoin rose 1.3% to $91,735 on November 20. and iShares Bitcoin Trust ETF (IBIT) each climbed 2.6%, indicating renewed speculative activity. Still, institutional sentiment remains shaky: amid growing concerns about margin risks for leveraged investors.

Several uncertainties remain.

and upcoming macroeconomic indicators are expected to shape Bitcoin’s next move. While a crypto-friendly U.S. administration and increasing institutional involvement provide long-term hope, the market still faces immediate headwinds from major liquidations and the aftermath of October’s $19 billion leveraged bet collapse. At present, the $94,000 resistance level as a possible trigger for further upward momentum.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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