Bitcoin Tests 91K as Buyers Wake Up Into a Thin Holiday Market || Nov 27, 2025
Risk appetite improves as indices rally, raising the odds of a December rate cut and helping Bitcoin complete its minimum rebound structure.
🪙 Crypto Market Overview
Bitcoin pushed toward the upper boundary of the 91,000 USD zone, completing the minimum rebound target that had been forming across short-term structures. The move aligned neatly with stronger equity markets and rising expectations for a December rate cut — two macro shifts that helped BTC finally respond after days of muted price action.
Another part of the puzzle was the options landscape. The 91K area carried heavy positioning, and yesterday’s price suppression around that level now looks like it has been released. Those who went long near 81,000 USD last week also had their technical rebound zone hit. True to form, large players continue to operate in these broad 10,000-USD blocks.
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⚙️ Technical Picture
A liquidation-driven rise toward 91K has been the cleanest play during the past week. Liquidation heatmaps confirmed that the upside cluster was likely to be cleared before the market chose its next direction — a pattern that has repeatedly defined BTC’s behavior this year.
With that pocket now gone, attention shifts toward what comes next. Large short clusters appear likely to develop in the 93,000–96,000 USD region if traders begin fading this rebound. That lines up with the structure of the weekly Ichimoku cloud, where the top of the band sits just above 93,000 USD. BTC already bounced sharply from the lower cloud boundary, making a test of the upper edge the highest-probability scenario.
A rejection there would be heavy, with 81,000 USD the natural retest zone. But a clean break opens a different path — one visible only on the monthly chart. The monthly conversion line sits far above spot and would be the next high-timeframe magnet in a sustained breakout. The December close will give strong directional clues.
For now, the base case remains a rejection somewhere near the 93K region.
📊 On-Chain & Market Flow
Our model shows early signs of fatigue. Momentum readings have begun to soften, marking multiple days of declining pressure. The more notable shift is that the market looks comfortable under key thresholds for the first time in weeks — a contrast to March–April, when dips felt aggressively bid.
A separate metric we track on multi-day timeframes has not yet flipped into a supportive stance, even after a 10K rally. Until it does, conditions remain cautious rather than firmly bullish.
Retail positioning, however, provides an interesting counterweight. The long-versus-short ratio finally shows retail traders leaning short, which historically has aligned with local strength. Top-margin traders on Binance, meanwhile, remain bearish into this move — a stance that could add fuel if the market continues higher.
💬 Final Thoughts
Thanksgiving liquidity is thin, and the market may drift more than trend until the new week begins. The key zone is clear: 93,000 USD and slightly above. Failure there remains the dominant scenario. Tomorrow’s focus shifts to on-chain flows and the major liquidation pools in large-cap alts.
🎯 Strategy Outlook
Short-Term — Pending
No validated setup yet. A failure near 93K continues to be the highest-likelihood trigger.
Medium-Term — Pending
Waiting for a cleaner signal from flow and momentum conditions.
Long-Term — Long
Long exposure from April remains unchanged. Price action around 93K will guide adjustments.