Bears are controlling the situation on the cryptocurrency market today, according to CoinStats. 🐻❄️💸
BTC/USD
The rate of Bitcoin (BTC) has declined by 1.71% over the last day. Like a confused squirrel falling off a tree. 🐿️😭
On the hourly chart, the price of BTC has made a false breakout of the local support of $90,395. If a bounce back does not happen by the end of the day, the drop is likely to continue to the $89,500-$90,000 range. 🐻❄️📉
On the longer time frame, there are no reversal signals yet, as the rate of the main crypto is on its way to the support of $89,189. 🧠💤
If a breakout happens, the accumulated energy might be enough for a more profound drop to the $86,000-$88,000 area. 🕳️💸
From the midterm point of view, the price of BTC has tested the mirror level of $88,772. If the weekly bar closes far from that mark, bulls may seize the initiative, which may lead to a test of the $90,000-$92,000 zone. 🐺💤
Bitcoin is trading at $90,505 at press time. Still higher than a squirrel’s chance of finding a nut in a snowstorm. 🐿️⛄
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2025-11-20 18:59