Well, it seems the Bitcoin party’s over, or at least, the guests are starting to leave. The U.S. spot Bitcoin ETFs have notched up their fourth consecutive week of net outflows in November-$3.7 billion pulled out so far. So, as we tiptoe into December, the burning question remains: will the price of Bitcoin continue its gloomy descent, or will the digital king find a throne again? Spoiler: probably not.
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As of now, Bitcoin is clinging to a precarious $86,777. This level happens to align with the 23.6% Fibonacci retracement level, which is just another fancy way of saying, “If it falls here, we’re in trouble.”
If Bitcoin somehow manages to hold its ground, it could flip this resistance into support and aim for a cozy range between $94,000 and $95,000, in line with the next Fibonacci level. But don’t get too excited, folks.
Alternatively, if it decides to take a nosedive and slips below $86,000, we could be staring down a deeper correction, with Bitcoin possibly plummeting to its April low of $74,550. Buckle up!
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2025-11-26 11:10