The post Bitcoin Tests Support at $87K as Thanksgiving Week Trading Thins Out appeared on BitcoinEthereumNews.com.

Alvin Lang
Nov 26, 2025 13:57

Bitcoin trades flat at $87,025 during holiday-shortened week, testing key technical support levels as traders position for December volatility ahead.

Quick Take • BTC trading at $87,025.01 (up 0.02% in 24h) • Holiday trading volumes creating sideways consolidation • Testing support near lower Bollinger Band at $80,302 • Limited correlation with traditional markets during thin holiday trading Market Events Driving Bitcoin Price Movement Trading on technical factors in absence of major catalysts during the Thanksgiving holiday week. No significant news events have emerged in the past 48 hours that would materially impact BTC price action. The crypto market is experiencing typical holiday season trading patterns with reduced institutional participation and lower overall volumes. The BTC price has remained relatively stable around current levels as market participants take a wait-and-see approach ahead of the final month of 2025. With many institutional traders away for the holiday, retail sentiment appears to be the primary driver of modest price movements within the established trading range. Bitcoin Technical Analysis: Consolidation Phase Price Action Context Bitcoin technical analysis reveals a consolidation pattern with BTC price hovering below all major moving averages. The current price of $87,025 sits well below the 20-day SMA at $94,400 and significantly under the 50-day SMA at $104,067. This positioning indicates continued weakness in the medium-term trend structure. Trading volume on Binance spot market reached $1.46 billion over 24 hours, which represents moderate activity for the holiday period. The lack of strong directional bias suggests institutional players are likely sidelined until after the holiday weekend. Key Technical Indicators The RSI at 30.87 indicates Bitcoin is approaching oversold territory without quite reaching extreme levels. This neutral-to-bearish reading suggests further downside potential exists before any meaningful bounce occurs. The…

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Filed under: News - @ November 27, 2025 3:24 am