Bitcoin prices returned to $88,000 twice over the past few hours, but it was rejected there and sharply retreated on both occasions.<\/p>\n
The asset was hovering around $87,000 at the time of writing and has started to recover from its dump<\/a> below $82,000 last week as Federal Reserve rate cut odds increase again.\u00a0Analysts are generally confident that we haven\u2019t entered a bear market yet and expect a liquidity injection to push markets higher.<\/p>\n \u201cIt is clear by now that Bitcoin has fully lost its Bull Market Support Band,\u201d\u00a0observed<\/a> analyst Daan Crypto Trades on Sunday.\u00a0<\/span>He added that the recent move down has created a $20,000 gap to get back to the band.<\/p>\n However, the asset will return to this level, which is a key area to watch, he said before adding, \u201cWeekly market structure technically still intact as long as the April lows are defended.\u201d<\/p>\n Bitcoin fell to $75,000 in April, but this correction<\/a> has been much sharper and deeper in terms of the sell-off.<\/p>\n $BTC<\/a> It is clear by now that Bitcoin has fully lost its Bull Market Support Band.<\/p>\n This had roughly been supporting price all cycle, with a few smaller deviations below.<\/p>\n But this recent move down has made it so there\u2019s over a $20K+ gap to get back to the band.<\/p>\n At some point,\u2026 pic.twitter.com\/dL15LFlMix<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) November 23, 2025<\/a><\/p>\n<\/blockquote>\n Analyst \u2018Rekt Capital\u2019 took a look at the weekly candle, predicting<\/a> that a close above $86,000 could see prices revisit $93,000 \u201cas there is little in the way of supports\/resistance within this region.\u201d The weekly candle closed at $86,820, according to TradingView.<\/p>\n Fellow analyst \u2018Stockmoney Lizards\u2019 observed<\/a> a Bitcoin wedge breakdown, RSI at oversold, and panic, which was also seen earlier this year in March and April.<\/p>\n \u201cThe pattern doesn\u2019t care about your narrative. It never does,\u201d they said, pointing out that an all-time high followed the previous similar sell-off.<\/p>\n However, crypto commentator \u2018Colin Talks Crypto\u2019 wasn\u2019t as bullish, stating<\/a>:<\/p>\n \u201cI wouldn\u2019t flip macro bullish, as in new ATHs, too quickly. Relief rally, yes. A bounce was *inevitable* after being so oversold.\u201d<\/p>\n<\/blockquote>\n He added that major key levels must be reclaimed \u201cway above where we are now\u201d to have a chance at reaching new all-time highs. \u201cThere\u2019s no reason to believe this isn\u2019t just an expected, large relief rally,\u201d he said.<\/p>\n BTC was trading close to $87,000 at the time of writing, following a weekend recovery.<\/p>\n The post Bitcoin Tests $88,000 as Fed Rate Cut Hopes Spark Recovery<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin prices returned to $88,000 twice over the past few hours, but it was rejected there and sharply retreated on both occasions. The asset was hovering around $87,000 at the time of writing and has started to recover from its dump below $82,000 last week as Federal Reserve rate cut odds increase again.\u00a0Analysts are generally […]<\/p>\n","protected":false},"author":1,"featured_media":37741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nBull Market Band Support Lost<\/h2>\n
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Not So Bullish<\/h2>\n
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