Bitcoin Trading Volume Crashes 20% Despite $91K Recovery
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Bitcoin’s recent recovery to $91,000 has stalled as the cryptocurrency faces critical resistance levels. Analysts warn that sustained upward momentum requires significantly higher trading volumes before BTC can challenge the $92,000-$95,000 barrier and establish new record highs. At the time of writing, Bitcoin is trading at $91,437, representing a 0.35% increase over the past 24 hours. This narrow range follows a sharp rebound from multimonth lows near $80,000. Traders note the consolidation phase reflects investor hesitation rather than decisive bullish conviction. Bitcoin price chart, Source: CoinMarketCap Critical Resistance Zones Emerge Private wealth manager Swissblock identified Bitcoin’s breach below the yearly open at $93,300 as a pivotal trend shift. The firm emphasizes that bulls must defend the $83,000-$85,000 zone where substantial buying interest needs to materialize for a sustainable bottom formation. Source: Swissblock Recovery prospects depend on reclaiming the $94,000 to $95,000 territory. Glassnode’s cost basis distribution reveals approximately 500,000 BTC changed hands between $93,000 and $96,000, creating a dense resistance cluster. Beyond this immediate hurdle, another significant barrier exists between $100,000 and $108,000. Recent buyers in this range typically provide selling pressure during rallies. Breaking through these supply concentrations is essential for any march toward new all-time highs. Bulls target the $97,000-$98,000 region as confirmation of recovery. Success at these levels would open pathways toward the psychological $100,000 milestone. Futures market indicators offer some encouragement for this scenario. Trading Volume Signals Weakness Market data reveals concerning trends in investor participation. Bitcoin’s seven-day moving average for onchain transfer volume declined roughly 20% to $87 billion over the past week. This contraction suggests reduced network activity and weaker conviction among market participants. Onchain transfer volume, Source: Glassnode Daily spot trading volume stands at approximately $12.8 billion, substantially below cyclical peaks observed during this bull cycle. The recent push above $91,000 occurred without…
Filed under: News - @ November 28, 2025 2:24 pm