Bitcoin Price Today: BTC Price Rejected at $93K as $88K Support Becomes the Critical Line to Hold
The post Bitcoin Price Today: BTC Price Rejected at $93K as $88K Support Becomes the Critical Line to Hold appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) slipped below the $91,000 level today after failing to break through a major resistance cluster between $92,000 and $93,000, according to real-time price data from Brave New Coin’s Bitcoin Price Today Index. As of writing, Bitcoin trades around $90,734, down roughly 1.19% over the past 24 hours, with daily trading volume near $54.3 billion. After reviewing the 4H and daily BTC charts on TradingView, clear rejection wicks formed near $92,800–$93,000, confirming sellers remain firmly positioned in this zone. With weekend liquidity thinning and market depth weakening, Bitcoin now sits at a critical inflection point between a deeper correction and a potential rebound. Bitcoin Rejected at $93K Resistance Market analyst Ted (@TedPillows) emphasized that Bitcoin has “tapped the $92,000–$93,000 resistance and got rejected,” noting that this level has repeatedly capped upside momentum since early November. Bitcoin gets rejected at the $92K–$93K resistance zone, making the $88K support level the key line to watch for a potential rebound. Source: @TedPillows via X This resistance is consistent with historical November data across exchanges, which shows heavy selling pressure near $93,000, an area where derivatives players typically increase short positioning. According to my chart review, the next structural support sits significantly lower at $88,000, which aligns with: Prior demand zones in late Q3 The mid-range level of the August–October accumulation channel High-volume node areas on the Visible Range Profile Ted added, “If $88,000 holds, Bitcoin could begin its next leg up.” On-Chain Metrics Suggest a ‘Low-Risk Zone’ Emerging A separate analysis from Ali (@ali_charts) pointed to encouraging on-chain signals. Using Bitcoin’s Sharpe Ratio as a measurement tool, Ali noted the asset is drifting closer to the “low-risk” zone. According to him, “This is an area that often offers solid opportunities for dip buyers.” Bitcoin is moving into a “low-risk” zone—a price area…
Filed under: News - @ November 29, 2025 10:13 pm