Bitcoin’s price stood just above $91,350 on November 27, as of 12:02 p.m, as market sentiment makes a steady recovery ahead of the U.S key macro indicators and renewed rising hopes for another Fed rate cut in December. The cryptocurrency dipped as low as $89,815 and peaked at $91,804 in the last 12 hours. Crypto analysts expect that a decisive daily close above $92,500 could accelerate gains toward the $94,500–$95,000 zone.
“The sudden jump was driven mainly by a short-squeeze and helped BTC gain 4.4 percent in the last 24 hours. With that, U.S. jobless claims, released yesterday came less than expected on similar lines with PPI, building a good market structure for possible fed cuts,” said CoinSwitch Markets Desk.
As per data from the CME FedWatch tool, the likelihood that the Fed would lower interest rates by 25 basis points to 3.50-3.75 percent at the December meeting has risen to 85.3 percent from 50.1 percent a week ago.
“Long-term holder (LTH) data reveals heavy profit-taking, with supply dropping to 13.6 million BTC, the lowest since early 2023, suggesting late-cycle distribution pressure may persist unless new demand absorbs the selling. Interestingly, the Bitcoin-to-Gold ratio has entered a historic oversold zone, only the fifth time ever, an area that has historically preceded periods of strong Bitcoin outperformance against traditional assets," said Riya Sehgal, Research Analyst at Delta Exchange.
The cryptocurrency reached $126,000 in October during the market's peak performance period. It hit the lowest in April 2025, when its price hovered around $75,000 level. Crypto analysts expect the volatility in the market to increase as $14 billion in Bitcoin options are set to expire this Friday. In an online polling platform Myriad, predictions for the cryptocurrency market stood with 66.8 percent of respondents voting for Bitcoin to touch $100,000, while the remainder thinks the cryptocurrency will dip to $69,000 level.
“An estimated 1.8 million BTC were withdrawn from exchanges overnight, leading to speculation around strong institutional activity. Meanwhile, ETH whale wallets holding 10,000–100,000 ETH added 440,000 ETH in a week, reinforcing confidence despite recent caution. If retail demand builds on this momentum, BTC could test and potentially clear $95,000. A breakout above this level would strengthen the bullish structure and open the path toward new highs," said Edul Patel, CEO of Mudrex.
The prices of other tokens, too, have recovered, with Ethereum up 3.02 percent, XRP 1.92 percent, TRON 0.77 percent, and Solana is up 3.41 percent in the last 24 hours.
“Altcoins remain volatile with chances of short selling. With looming concerns around a weakening Yen, there could be capital outflows from risk on assets. This could be an outcome if Japan decides to tighten financial conditions. Even with improving liquidity, leverage may remain low initially, with no significant improvement in positive sentiment in the market, as experts predict,” said WazirX Trading Desk.
Check out below to see prices of top 10 cryptocurrencies on November 27, as of 12:02 p.m.
“Traders expect volatility to remain muted through the holiday week. Our advice: Bitcoin’s bounce above $90,000 is a constructive reset, but it is not yet a confirmed trend change. Investors should watch three things. First, price stability: BTC holding the $88,000-$90,000 band on calmer funding rates and without fresh spikes in exchange deposits would signal that forced selling has eased,” said Vikram Subburaj, CEO, Giottus.com.
He continued, “Second, infusion points: a pick-up in spot volumes, fresh ETF inflows, or a visible drawdown in stablecoin reserves would indicate new capital rotating back into the market rather than just internal reshuffling.”
“Third, lead indicators from majors: Ethereum sustaining levels above $3,000 and large caps like AVAX continuing to outperform would validate risk-on sentiment beyond Bitcoin. Until these conditions line up, treat this as a consolidation phase. Keep core exposure in BTC and ETH, avoid leverage in thin liquidity, and add in staggered steps instead of chasing intraday spikes," said Subburaj.
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