Bitcoin has reclaimed the $90,000 level after experiencing a sharp rebound from last week’s lows. This resurgence comes as trading volume strengthens and fresh technical signals suggest sellers are losing momentum. Short positions accounted for over $100 million in liquidations, indicating trapped sellers.
After touching lows near $82,000, BTC surged more than 3.5% in the last 24 hours, reaching approximately $90,023 at the time of writing. The market capitalization now stands at almost $1.8 trillion, with 24-hour trading volume exceeding $65 billion. Liquidations over the past day totaled more than $100 million; shorts constituted the vast majority, suggesting traders betting against BTC were caught off guard by the sudden bounce.
This move also lifted the broader crypto market, with total market capitalization rising to about $3.09 trillion.
Technical Picture: Buyers Regain Traction, but Resistance Looms
The chart indicates a constructive shift on lower timeframes. The 4-hour Relative Strength Index (RSI) has returned to the neutral zone, climbing toward 63, while the Moving Average Convergence Divergence (MACD) has printed a bullish crossover for the first time in nearly two weeks. Analysts suggest the market may be forming a meaningful base if momentum holds.
Trader Michaël van de Poppe highlighted the significance of BTC holding the reclaimed zone, arguing that a push toward the $92,000 area could trigger a broader trend reversal. He believes that if this level is flipped into support before the end of November, the probability of the cycle bottom being locked in rises sharply.
'Ik zie lichtpuntjes'.
That's what they said about Ajax, last night. The only one? Bounida.
Today; the same can be said about $BTC.
It holds a crucial level and is looking to attack the highs.
Again, if it can continue doing this, attacking $92K and potentially break it… pic.twitter.com/HvR7RUxTU6
— Michaël van de Poppe (@CryptoMichNL) November 26, 2025
Despite the rebound, full confidence has not yet been established. The Bitcoin Fear & Greed Index remains deep inside Extreme Fear, a reading that historically accompanies either capitulation events or early recovery stages. For now, pessimism continues to dominate sentiment, even as price action improves.
Extreme Sentiment Meets Rare Opportunity Signals
Some market analysts point to unusual macro-correlations that have previously preceded powerful BTC rallies. According to Crypto Rover, the Bitcoin-to-Gold ratio has fallen to bear-market oversold levels for only the fifth time in history. This level has aligned with major reversals and subsequent Bitcoin outperformance in past cycles.
Bitcoin vs. Gold is hitting rare oversold territory:
The Bitcoin-to-Gold ratio has now reached bear-market oversold levels for only the FIFTH time in history.
Similar readings have signaled major reversals and strong Bitcoin outperformance. pic.twitter.com/GwA01xA1ad
— Crypto Rover (@cryptorover) November 26, 2025
When combined with the oversized portion of recent liquidations coming from short positions, traders are beginning to question whether the market is in the early phase of a sentiment pivot rather than a dead-cat bounce.
What Comes Next?
The short-term trend now depends on whether Bitcoin can build momentum above $90K and challenge the $92K zone, which multiple analysts identify as the next critical test. A clean breakout could shift the risk-reward balance back in favor of bulls. However, failure to do so may reopen the door to a retest of $85K or lower if sentiment deteriorates again.
For now, the market's two defining forces—fear-driven sentiment and strengthening technicals—are clashing head-to-head.