The price of Bitcoin slipped as low as $88,557 on November 20 (1:40 a.m.) that erased more than 27 percent of its value. It recovered quickly just above $92,484 as of 7:09 a.m. That’s a significant price fluctuation of almost 4.90 percent in just six-and-half hours.
Mike McGlone of Bloomberg’s market intelligence was cited as saying that the setup looked like “classic peak bull-market stuff,” and Bitcoin sees technical pressure building as the 200-day moving average turns lower.
Other major cryptocurrencies followed the pattern, with Ethereum’s price hit by 7.92 percent, XRP by 10.5 percent, Binance Coin at 6.61 percent, and Solana fell around 7.80 percent before recovery.
“Bitcoin briefly revisited the $89,500 low before rebounding toward $92,500. Although short-term holders sent 65,200 BTC to exchanges at a loss, suggesting increased selling pressure, the network activity remained strong, with over $6 billion in transactions in just 24 hours, signaling healthy on-chain momentum. For now, $93,000 remains as an immediate resistance for BTC with a strong support near $89,000. Meanwhile, XRP to stay in focus with Bitwise launching XRP Spot ETF,” said Edul Patel, CEO of Mudrex.
The price of the largest cryptocurrency fell as low as $89,426 on November 18. Bloomberg reported the shift in sentiment as swift and sharp, and that the crypto’s price sliding to $90,000, $85,000 and $80,000 levels have increased.
Today’s fall is the lowest since April 2025, when it declined just below $75,000. Bitcoin price dropped as low as $89,426 on November 18, and continued to hover just above $90,000. A month ago, Bitcoin peaked to a record high of $1,26,00.
“While short-term movements continue to be sentiment-driven, the longer-term direction remains anchored in broader macro positioning and global liquidity trends. Current price levels suggest muted trading activity, yet the recent stabilization and gradual recovery indicate that buyers are stepping in at key support zones. This points to accumulation behavior among long-term investors. At the moment, Bitcoin’s crucial support sits near $90,800, while the immediate resistance is around $93,300,” said CoinSwitch market desk in their daily commentary.
Check out below to see prices of top 10 cryptocurrencies
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