Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say

Christian Encila

Last Updated: November 29, 2025 11:00 am

3 mins read

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Bitcoin dropped sharply this month and is set to post one of its worst Novembers in years, leaving traders and fund managers weighing whether to buy or hold fire.

Based on reports, the token is down about 18% for November and was trading below $91,000 as markets quieted heading into the weekend.

Market Cleansing Opens The Door For Buyers

According to CoinGlass, this decline approaches the scale of losses seen in November 2019, when Bitcoin fell roughly 17%, and is far from the harsh 35% crash of November 2018.

Reports have disclosed that some analysts view the drop as a market reset. Nick Ruck, research director at LVRG, said overleveraged positions and weak projects have been mostly cleared out, which could let longer-term holders add exposure at lower prices.

Technical Levels Take Center Stage

Traders are watching a pair of monthly-close levels closely. An analyst using the handle CrediBull Crypto identified $93,400 and $102,400 as the two most relevant thresholds.

A close above $93,000 would be interpreted as a modest positive sign, the analyst said, while any monthly finish above $102,000 would be read as very bullish — though that may not happen until another month.

Bitcoin changed hands around $91,450 in midweek trade, failing to break a resistance just under $92,000.

Cycle Changes And Institutional Flows

Based on reports from industry sources, some market watchers think the rhythm of rallies has shifted since the arrival of spot Bitcoin ETFs in early 2024.

According to some analysts, institutional participation has altered the timing and breadth of moves. That has meant gains that once clustered at year-end can show up earlier.

BTCUSD trading at $90,641 on the 24-hour chart: TradingView

Market experts pointed out that November is usually a strong month for Bitcoin, and that a red November has often been followed by a red December in past years.

A Stalemate Between Bulls And Bears

Matrixport described the market as a rare zone of impasse where sentiment, positioning and macro cues are all converging. Reports noted that Bitcoin rebounded above $91.8K during Thanksgiving, but the move did little to resolve the split between bullish and bearish expectations.

📃#MatrixOnTarget Report – November 28, 2025 ⬇️

Is Bitcoin’s Thanksgiving Tailwind Enough Into Christmas?#Matrixport #Bitcoin #BTC #CryptoMarkets #MarketSentiment #Volatility #OnchainData #FedWatch #Seasonality #ThanksgivingRally pic.twitter.com/CH39quX6Aa

— Matrixport Official (@Matrixport_EN) November 28, 2025

Liquidity has thinned, volatility has dropped, and requests for crash protection have faded. Glassnode added that realized losses have risen and futures markets are deleveraging, signs that short-term conviction is weak. That mix leaves the market stuck between a push toward $100K and a slide down to $80K.

Signs Point To A Big Move, Direction Unknown

A bullish hammer reversal emerged when Bitcoin briefly touched the $80K area, giving some traders hope of a rally into the holiday season.

Others say weak demand and thin liquidity could push prices lower before confidence returns. In either case, markets have been quietly positioning for a larger directional move, even if nobody can say for sure which way that move will go.

For now, Bitcoin sits in a cautious in-between. Investors and traders will be watching the monthly close, liquidity measures and options flows for clues.

The next clear signal could decide whether late buyers get rewarded — or whether sellers set a new range.

Featured image from Gemini, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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