Bitcoin Price Struggles at $95,000 Amid Kalshi’s Bearish Outlook

Bitcoin's price saw a 17% rise, moving from $82,000 on November 21 to nearly $93,000 on November 28. Bitcoin ETFs reported net inflows of $221 million between November 25 and November 28. However, BTC faced resistance at the $95,000 level.

Blackrock’s $117 million outflows of Friday stand out despite $74 million net inflows on Friday, Nov 28 | Source: FarsideInvestors

  • BlackRock experienced significant outflows of $117 million, influencing global institutional investor sentiment.
  • Strategy Inc. halted Bitcoin purchases after a 14-week streak, last acquiring 8,178 BTC on November 17.
  • Prediction markets show reduced confidence in Bitcoin reaching $100,000 by 2025, with odds falling by 11% on November 29.

Kalshi odds on Bitcoin price rebounding to $100,000 in 2025 drops 11% on Nov 29 | Kalshi

  • The likelihood of Bitcoin closing below $80,000 by the end of 2025 rose to 36%.

Analysis and Forecast

  • Bitcoin's rebound from $82,705 is encountering resistance at $92,971.
  • Technical indicators like MACD and Woodies CCI suggest early bullish momentum.
  • A daily close above $95,000 could signal a bullish trend towards $100,000.
  • If Bitcoin fails to maintain support at $90,000, it risks a decline to around $85,880.

Bitcoin (BTC) Technical Price Analysis | Source: TradingView