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- BTC trades sideways between $89K-$92K after sharp correction.
- Technical patterns suggest Wave 4 may reach $83K before bullish rebound.
- BlackRock BTC sales didn’t trigger market panic, signaling strength.
Bitcoin (BTC) has been experiencing a period of consolidation, trading sideways between $89,000 and $92,000 after a sharp correction from its recent highs. While some analysts interpret this as a potential start of a bearish trend, other crypto experts argue that BTC’s current price action is standard market behavior, suggesting the stage is set for a bullish recovery once the price approaches $83,000.
BTC Price Sees Sideways Movement Amid Market Correction
Over the past week, Bitcoin dropped from $102,000 to a low near $87,000, according to CoinMarketCap. The initial fall to $95,000 occurred suddenly, followed by a swift dip to $90,000. Analysts note that this decline happened without a clear catalyst, indicating a typical market correction rather than an alarming trend. Currently, BTC trades around $92,400, up over 2% in the last 24 hours, with a market capitalization exceeding $1.84 trillion and a 24-hour trading volume near $79.8 billion.
Experts Highlight Standard Price Patterns
Prominent crypto analyst @TheLongInvest emphasized that BTC’s movement shows “no weakness” and aligns with expected Fibonacci patterns. The post explained that Wave 3 reached the 1.618 Fibonacci level at $125,000, followed by a pullback in Wave 4. According to this technical perspective, Wave 4 commonly retraces to the 0.38 Fibonacci level, which sits around $83,000. This view suggests that Bitcoin’s current sideways movement is normal and could precede a bullish turn rather than signaling a sustained bear market.
$BTC I WANT TO BE CLEAR
— The Long Investor (@TheLongInvest) November 19, 2025
THERE IS NOTHING ABNORMAL ABOUT $BTC's PRICE ACTION
THERE IS NO WEAKNESS, THIS IS STANDARD MOVEMENT
Wave 3 hit the 1.618 Fib at $125k and has pulled back for Wave 4
Every single Wave 3 aims for the 1.618 Fib, it is the most popular Fibonacci level
And… pic.twitter.com/8dV2E0KCJf
Market Sentiment: Bullish Signs Amid Bearish Fears
Despite some bearish predictions pointing to the end of the 4-year bull cycle, the market has not experienced drastic sell-offs. Interestingly, BlackRock sold $500 million worth of BTC—the largest sale in its history—yet the broader market remained resilient, indicating underlying strength. Analysts argue that this resilience, coupled with technical patterns, could hint at renewed bullish momentum in the near term.
Bitcoin’s recent price action highlights a common corrective phase in volatile markets. While some voices anticipate a bearish market, technical indicators and market resilience suggest a potential bullish recovery after the $83,000 level. Investors and traders should monitor BTC closely as it consolidates, preparing for possible upward movement in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Bitcoin Drops 29% Amid ETF Selling, But Strategy’s $835M Buy Signals Bullish Outlook
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
