Bitcoin Updates Today: Bitcoin Stuck in Consolidation: Crucial Support Levels Will Decide Bullish or Bearish Outcome

Bitcoin’s latest price fluctuations have sparked renewed discussions about its short-term direction, as experts highlight possible downward risks during a period of broader bull-market consolidation. A bear-market base at $74,000 has

, based on models that analyze past trends and blockchain data. At the same time, analysts warn that is currently “trapped in a consolidation phase,” lacking enough to escape its extended sideways movement .

The digital asset’s present hurdles are tied to its inability to maintain levels above important psychological supports. Historically, falling below $90,000—which matches the 6–12 month investor cost basis—has led to longer correction periods. Previous bull runs have featured mid-cycle drops of 25% to 40%, implying Bitcoin might

if the projected 2025 peak around $125,000 remains relevant. Blockchain metrics support this outlook, showing that over 7 million BTC changed hands in 2025, mostly from 2024 buyers and long-term holders, pointing to steady, typical selling rather than large-scale “whale” sell-offs .

Chart analysts have pinpointed three major support areas. The closest, between $92,000 and $95,000, corresponds with recent ETF inflows and may serve as the first line of defense. A more pronounced drop could see prices fall to $85,000–$90,000, which would be consistent with a standard mid-cycle correction. In a more severe downturn, Bitcoin could revisit $75,000–$82,000 if economic conditions deteriorate or ETF withdrawals intensify,

from the cycle’s highs. Still, a fall below $70,000 is considered unlikely unless there is a significant liquidity crisis.

Glassnode’s research points to Bitcoin being in a “consolidation limbo,” with buyers gradually accumulating during price dips but encountering heavy resistance between $106,000 and $118,000—a range where many investors sell to break even

. This resistance limits upward movement, and overcoming it will require fresh capital to counteract selling pressure. Although short-term rebounds may occur, a lasting bullish trend will depend on breaking through this supply barrier.

Regaining the 365-day moving average will be crucial for the market. A quick recovery could ease downward pressure and make a drop below $90,000 less likely. However, if weakness persists, the odds of testing mid-cycle support levels increase.

or signs of structural fatigue, indicating that current volatility is likely part of an ongoing bull-market consolidation rather than the start of a new bear phase.

As of November 2025, Bitcoin’s total market value is $3.57 trillion,

, with 80 of the top 100 cryptocurrencies also experiencing losses. The lack of a decisive trend highlights the market’s vulnerability, with future moves dependent on economic factors and institutional ETF activity.