Bitcoin Price Prediction: BTC Price Tests $98K Fibonacci Level but On-Chain Metrics Warn of $45,880 Risk
The post Bitcoin Price Prediction: BTC Price Tests $98K Fibonacci Level but On-Chain Metrics Warn of $45,880 Risk appeared on BitcoinEthereumNews.com.
Trading around $90,700, the cryptocurrency exhibits mixed signals: buyers are defending crucial levels, while on-chain and technical metrics suggest potential corrective moves toward $45,880. This analysis integrates on-chain data from CryptoQuant, technical levels derived from Fibonacci retracements, and Elliott Wave structures to provide a data-driven perspective while acknowledging uncertainties inherent to crypto markets. Is Bitcoin Eyeing a Potential Bottom Near $45,880? On-chain metrics indicate that Bitcoin could reach a deeper corrective bottom near $45,880. This estimate derives from the Cumulative Value Days Destroyed (CVDD) metric, which compares the value of coins moved against their “age” on the blockchain. Historically, CVDD lows have aligned with major cycle bottoms: $3,200 in 2018 and $16,000 in 2022, according to peer-reviewed blockchain research. CryptoQuant’s CVDD metric indicates a potential Bitcoin bottom near $45,880, aligning with past cycle lows and signaling possible deeper corrections amid recent market volatility. Source: Ali Martinez via X Crypto analyst Ali, who specializes in on-chain analysis, commented, “The CVDD alignment with previous cycle lows provides a historically validated framework for potential bottoms, even amid ongoing market volatility.” It is important to note that CVDD signals are probabilistic, not deterministic, indicating potential zones of capitulation rather than exact price points. The November 2025 decline, with Bitcoin dropping roughly 17% from $110,000 to $91,000, highlights ongoing volatility. Traders should consider that deeper corrections may test the $70,000–$45,880 range, depending on market liquidity, macroeconomic conditions, and investor sentiment. Bitcoin Holds Key $90K Support Amid Q4 Volatility Despite the recent downturn, Bitcoin has found short-term support between $90,300 and $90,500, at the bottom of a rising price channel. This level has repeatedly attracted buying interest, signaling that investors are defending a critical zone rather than reacting in panic. Technical observations provide further insight: small-bodied candles with long lower wicks suggest accumulation, as opposed to…
Filed under: News - @ November 30, 2025 7:20 pm