Bitcoin Market Volatility Analysis: Approaching $93,000 but Failing to Break Through
Key findings
Price performance : Bitcoin approached but did not actually break through the $93,000 mark on November 28, 2025, reaching a high of $92,848.60 before falling back to the $90,346 range.
Price trend details
Key Time Nodes
| Time (UTC) | Price level | event |
|---|---|---|
| 2025-11-28 15:00 | $92,848.60 | Highest point of the day |
| 2025-11-28 17:00 | $91,196.89 | Started to fall |
| 2025-11-28 18:00 | $90,346.98 | Lowest point of the day |
| 2025-11-29 01:00 | $90,896.92 | Stabilization level |
Price range analysis
- Breakout Attempt : Bitcoin fluctuated between $91,500 and $92,850, approaching but failing to break through the psychological level of $93,000.
- Pullback range : From a high of $92,848, it fell to $90,346, a drop of approximately 2.7%. (coingecko )
- Support confirmed : The $90,000 level provided effective support, and the price stabilized in the $90,800-$91,100 range (coinmarketcap).
Liquidation data analysis
Overall liquidation scale
| Liquidation type | Amount | percentage |
|---|---|---|
| Multiple liquidations | $15.22M | 41% |
| Short selling | $21.55M | 59% |
| BTC total | $36.77M | 100% |
Distribution of major exchanges
| Exchange | Total liquidation amount | long | short selling |
|---|---|---|---|
| Binance | $20.34M | $8.18M (40%) | $12.16M (60%) |
| Bybit | $10.63M | $5.70M (54%) | $4.93M (46%) |
| OKX | $7.33M | $3.64M (50%) | $3.69M (50%) |
Liquidation characteristics : Data shows that short liquidations were slightly more frequent than long liquidations, but the scale was relatively moderate and did not reach the extreme level of "double liquidation" (coinglass ).
Technical Analysis
Technical indicators status
- RSI(14) : 50.224, rebounding from oversold territory to neutral level .
- MACD : Showing a sell signal (-0.67), momentum is weakening (barchart).
- Support levels : $87,500 (primary) / $85,000 (secondary) (dailyforex )
- Resistance levels : $91,505 / $95,000 investing
Market Structure
The price has consolidated below the resistance level of $91,505, and the technical picture shows a neutral and balanced state.
Market sentiment analysis
Community Response
- Volatility Expected : Options Expires on November 28th Trigger Market Volatility Warning (x.com)
- Technical Analysis : Analysts believe that resistance will be tested around $93,500, and the short-term trend remains upward. (x.com)
- Liquidation Discussion : Market focus on liquidation risk in the $92,000-$93,500 range . (x.com)
Influencer perspectives
- Rebound Signal : Technical analysts view the rebound as a sign of selling exhaustion . (x.com)
- Accumulation Recommendation : The community urges ignoring panic and focusing on accumulation opportunities during pullbacks . (x.com)
in conclusion
Bitcoin approached the $93,000 mark but failed to break through, and the subsequent pullback and liquidation were relatively mild. The market is currently consolidating, awaiting its next directional move. The $90,000 support level remains effective, while the $93,000-$95,000 range remains a key resistance level.