Bitcoin Rebounds After Crypto Crash — Is $90K the Next Target?

Bitcoin, the largest cryptocurrency by market capitalization, plummeted in the past week and dropped below $90,000 for the first time since April. Despite the recent significant volatility that erased all of its 2025 gains, BTC is climbing back from the market crash, currently trading at $87,914. According to the latest market analysis, BTC’s candlestick chart shows a short-term bullish pattern with a recorded price increase of 1.35% over the last 24 hours. Bitcoin’s recovery phase is primarily fueled by the expectations of a Federal Reserve rate cut in December. San Francisco Fed President Mary Daly’s comment on a possible December rate cut improved market sentiment, helping major cryptocurrencies like SOL, ETH, and XRP regain the bullish momentum.

BTC managed to maintain trading above the $87,000 price point throughout this session. However,  several market observers still highlight that the ongoing recovery phase is fragile, with some technical indicators pointing to a possible volatility and consolidation rather than a sustained price rally. A BTC expert posted on X that Bitcoin was pulling back again that morning, noting the price had failed to hold above 88,200 and that sellers had immediately pushed it lower. The expert explained that while nothing dramatic had occurred, momentum had clearly weakened on short timeframes. They added that if the drop continued below 87,000, a deeper retracement could follow, but for the moment, it was just the market breathing out after the previous day’s move up. 

BTC price predictions remain mixed, with some analysts expecting the token to cross the $90,000 mark today. Others point to November’s historical strength for Bitcoin, often referred to as “Moonvember,” a term highlighting the month’s tendency to deliver notable gains.  

Will BTC Hit $90K Today or Down Below $87K: Bitcoin Technical Analysis Breakdown

Bitcoin is currently trading just below $88,000, with a day high of $88,500 expected by the end of this session. According to BTC’s latest technical analysis, Bitcoin faces key support just below $87,000; a drop below this particular point could trigger renewed downside risk. On the other hand, BTC’s resistance lies near $90,000, which BTC might need to break to maintain its near-term rebound. The crypto experts believe that BTC’s major hurdle will be the $89,500–$90,000 price point. They think that if BTC breaks above this zone, the bullish momentum could carry and push it toward $100K before the end of the year. 

According to BTC’s technical analysis data, Bitcoin’s RSI hit 32.7, indicating a weakening momentum in the market. Based on this data, BTC’s 14-day RSI value is enough to trigger algorithmic buying. The MACD histogram (-678) and the 30-day SMA ($100,543) for Bitcoin signal a bearish outlook, reinforcing the view that BTC is unlikely to hit $90K. BTC’s market volatility remains high, as shown by 8.88%. BTC traded 12/30 days in green, and its Fear & Greed Index displays 19, which is extreme fear in the market.   

Crypto expert Vlad Anderson posted on the CoinMarketCap Community that Bitcoin was attempting to bounce back after dipping to $80.5K. He noted that bears had pushed the price below $85K, but bulls were slowly reclaiming levels, bringing it back above $85K and retracing part of the drop from $92.8K. Anderson explained that key resistance lay between $88.1K and $89.5K, and that a clean breakout above $90K could open the way to $92.5K–$93.2K, with $95K as the next major target. However, he cautioned that if bulls failed again at $89.5K, the price could revisit support at $86.5K–$85K, while $80K remained the critical level no one wanted to see broken, as losing it might trigger a deeper downside. He concluded that momentum was neutral for now, though volatility was heating up.

According to BTC short-term price forecasting, BTC is expected to rise by 3.21% and reach a higher price of $ 89,673 by the end of this month. The prediction explicitly shows that the world’s largest cryptocurrency by market capitalization is unlikely to break above $90,000 at least till the end of this month. 

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