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Bitcoin Update: Bulls Stand Strong Amid Downturn, Set Sights on $85,000 Recovery

Bitcoin Update: Bulls Stand Strong Amid Downturn, Set Sights on $85,000 Recovery

Bitget-RWA2025/11/20 15:10
By:Bitget-RWA

- Bitcoin bulls employ strategic accumulation tactics as BTC nears $85,000 support, with institutional buyers like Michael Saylor's Strategy purchasing $835.6M in BTC at $102,171/coin. - Investors use dollar-cost averaging and hedging strategies to mitigate volatility, while on-chain data shows rising exchange deposits and bearish options activity at $85,000 strike. - Technical indicators suggest oversold conditions with RSI extremes and whale accumulation, though macroeconomic risks including U.S. job mar

Bitcoin enthusiasts are maneuvering through a volatile market by combining careful accumulation with disciplined strategies, as the coin’s value lingers close to crucial support zones. Recent actions from major investors and shifting market trends indicate that

may soon challenge the $85,000 mark, sparking renewed discussions about its long-term worth compared to its short-term price swings.

Michael Saylor’s firm, Strategy, stands out for its assertive accumulation tactics among institutional investors. Over the week of November 10–16, the company

, raising its total stash to 649,870 BTC, purchased for $48.37 billion at an average of $74,433 each. This acquisition, financed through preferred share equity sales, highlights a long-term approach that treats as a premier reserve asset. Saylor has repeatedly advocated for taking advantage of market opportunities, using both debt and equity to build BTC holdings regardless of market fluctuations.

Bitcoin Update: Bulls Stand Strong Amid Downturn, Set Sights on $85,000 Recovery image 0
For both retail and institutional participants, market pullbacks offer a chance for expansion. Bitcoin supporters frequently use dollar-cost averaging (DCA), investing set sums at regular intervals to lessen the impact of price swings. , investors can reduce emotional reactions during steep drops. Modest hedging—such as shorting or buying put options—also enables reinvestment of profits into BTC if prices fall further. to maintain a strong bullish outlook over the long run.

Market sentiment and technical signals indicate that BTC is approaching a critical juncture.

—$112,000, $100,000, and $90,000—like steps on a liquidity ladder, with the next major support area around $85,000. Blockchain data reveals increasing sell activity, including more Bitcoin being sent to exchanges and higher reserves on Binance, which could point to additional weakness ahead. At the same time, , as puts at the $85,000 level now total $2.05 billion in open interest—overtaking the previously dominant bullish calls at $140,000. This trend shows a rising demand for downside protection amid broader economic worries, such as U.S. employment issues and diminishing expectations for a Federal Reserve rate cut in December.

Even with the prevailing bearish trend, some experts warn that extreme market conditions often come before a turnaround. The Bitcoin Fear & Greed Index is nearing record lows, and technical gauges like the Relative Strength Index (RSI) indicate the market is oversold. Increased activity from large holders, or “whales,” also suggests accumulation is underway. Although BTC’s short-term direction appears negative, history demonstrates that methodical accumulation during downturns can set up bulls for significant gains when the market cycle shifts.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA2025/11/20 22:08
Zcash Latest Updates: Privacy-Focused Cryptocurrencies Rise While SEC Weighs Regulation and Technological Progress