🔍 On November 28, 2025, Bitcoin's price hovered between $91,463 and $91,809, with a market cap of $1.826 trillion and a 24-hour trading volume of $52.72 billion. The charts indicate that this price action could serve as a springboard for a potential breakout rather than just a temporary pause.
📊 The daily chart reveals a significant recovery for Bitcoin. After a steep decline from a peak of $116,381 to a low of $80,537, Bitcoin has shown a strong reversal. Green candles are forming with higher lows and increasing bullish volume, suggesting that investors began buying around the $83,000 to $85,000 range.
📈 Currently, with the price above the $90,000 psychological barrier, the market is eyeing resistance levels between $95,000 and $97,000 for the next move. The 4-hour chart indicates a consolidation phase with bullish potential. Bitcoin has rallied from $84,157 to $92,003 and is now moving sideways, forming a well-defined pennant. A breakout above $92,200 with sufficient volume could lead to a target around $95,000 to $96,000.
⏳ The 1-hour chart shows some indecision in the market, with prices ranging between $91,500 and $92,000. Low volume and indecision candles suggest that the market is torn between conviction and caution. A breakout above $92,100 with volume would signal the next leg up, potentially reaching $93,500.
📉 Momentum indicators present a mixed picture. The relative strength index (RSI) is at 41, the Stochastic oscillator is neutral at 55, and the commodity channel index (CCI) is slightly bearish at −25. The average directional index (ADX) is healthy at 43, indicating that the trend has strength, but whether it will continue is uncertain.
📊 Moving averages show a divided outlook. The 10-period exponential moving average (EMA) and simple moving average (SMA) are below the current price, supporting upward movement. However, from the 20-period to the 200-period EMAs and SMAs, all readings from $93,223 to $109,866 indicate lower prices, suggesting that the broader trend has not yet convincingly reversed.
A Key to Web3 🔑
