Published: 20 November 2025,06:17
Daily Market Analysis New
*Bitcoin briefly sinks below $89,000, marking a new corrective low before stabilizing alongside a risk-on rebound in tech stocks driven by Nvidia’s stronger-than-expected earnings.
*Hawkish FOMC minutes weigh on sentiment, with policymakers showing little support for a December rate cut.
*Crypto sentiment remains fragile, as the Fear & Greed Index stays in Extreme Fear and ETF flows show no meaningful institutional demand.
Market Summary:
The cryptocurrency market experienced a divergent session as Bitcoin briefly breached the $89,000 level to establish a new corrective low before paring losses. The tentative stabilization coincided with a risk-on rebound in technology equities, fueled by Nvidia’s stronger-than-expected earnings which temporarily alleviated concerns over AI sector valuations. The Nasdaq’s outperformance provided a temporary sentiment cushion for correlated digital assets.
However, the broader recovery remains constrained by significant macro headwinds. The release of the latest FOMC meeting minutes revealed a consensus among most committee members against a December rate cut, reinforcing a hawkish policy stance that continues to limit liquidity expectations across speculative assets.
Within the digital asset ecosystem, underlying conditions remain fragile. The Crypto Fear & Greed Index persists in “Extreme Fear” territory, while ETF flows have failed to demonstrate sustained institutional buying interest. This combination of restrictive monetary policy and weak internal momentum continues to suppress any robust recovery attempt, leaving the market vulnerable to further downside pressure despite occasional technical bounces.
Technical Analysis
Bitcoin established a new corrective low below $89,000 before staging a 4% technical rebound, a move that remains contained within the prevailing downtrend channel. This price action suggests the recovery represents a counter-trend bounce rather than a reversal of the underlying bearish structure.
The cryptocurrency now faces a significant technical hurdle near the $96,000 level, where a substantial liquidity zone coincides with the upper boundary of the downtrend channel. A rejection at this resistance would reinforce the bearish bias and likely trigger a resumption of the selling pressure.
Momentum indicators continue to reflect a negative near-term outlook. The Relative Strength Index (RSI) remains suppressed near oversold territory, indicating persistent selling pressure, while the Moving Average Convergence Divergence (MACD) shows no signs of bullish divergence, continuing its trajectory at depressed levels. This configuration suggests bearish momentum remains firmly intact. For the current downtrend to be invalidated, a decisive break above both the $96,000 resistance and the channel’s upper boundary would be required—until then, the path of least resistance remains skewed to the downside.
Resistance Levels: 98,650.00, 103,650.00
Support Levels: 86,785.00, 82,015.00
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