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<\/figure>\n\n\n\nThe ABCD configuration is characterized by remarkable symmetry between legs AB and CD, both in terms of length and slope. Technically, the CD leg precisely coincides with the Fibonacci extension at 127.2%<\/strong> of the AB swing, a level that typically serves as the final target in this type of pattern. The weekly RSI, which has fallen near 37<\/strong>, shows oversold conditions without confirming a bullish divergence<\/strong>, leaving the door open for the bearish movement to continue.<\/p>\n\n\n\n A particularly concerning element lies in the behavior of the 20-week exponential moving average, which is turning downward for the first time this year. This technical shift highlights clearly declining momentum and could signal a medium-term trend change. Nevertheless, the growing gap between price and this EMA 20 suggests a possible short-term technical bounce<\/strong>, as markets tend to retest their moving averages after moving too far away from them.<\/p>\n\n\n\n If buyers manage to defend the support zone at $84,000<\/strong>, Bitcoin<\/a> could initiate a technical bounce toward the $96,000 – $99,000<\/strong> range, where the former broken bullish trendline now acts as resistance. An engulfing bullish candle on the weekly chart near this support would constitute an entry signal for contrarian traders anticipating the start of a recovery.<\/p>\n\n\n\n Conversely, a clear break below $83,000<\/strong> would open the door to deeper losses toward $74,500<\/strong>, a level corresponding to a major Fibonacci retracement and a former consolidation zone.<\/p>\n\n\n\n Moreover, this level also corresponds to the lower band of the STH indicator. Currently at the upper support, if BTC enters this zone, the probability of reaching the lower zone around $76,000<\/strong> increases considerably.<\/p>\n\n\n\n The 3-day chart shows that BTC has broken its median line. If it doesn’t climb back above $92,000<\/strong> with vigor, it has strong probabilities of seeking $75,000<\/strong> before a potential bounce to $90-91,000<\/strong>. In this scenario, BTC could even reach between $50,000 and $70,000<\/strong> by the end of the year.<\/p>\n\n\n\n The ABCD pattern suggests that Bitcoin is potentially approaching the final phase of its correction before a possible recovery. Trading volumes and price behavior around the $84,000<\/strong> support will provide crucial indications about buyer strength and the probability of a bullish reversal.<\/p>\n\n\n\n Accumulate Bitcoin with over 80-180%<\/strong> annual returns on top without doing anything thanks to Pionex<\/a> bots. Try to win 1,000 USDT here<\/a>:<\/p>\n\n\n\n In a bearish market context, the announcement by the Singapore Exchange<\/strong> of the launch of perpetual futures contracts on Bitcoin and Ethereum on November 24 represents a positive signal for institutional adoption. These derivatives, regulated by the Monetary Authority of Singapore, will allow accredited investors to trade BTC and ETH price variations without expiration constraints.<\/p>\n\n\n\n Historically, increased institutional participation improves market liquidity<\/strong>, reduces long-term volatility, and supports structural demand for Bitcoin. These positive developments partially counterbalance the current bearish sentiment and could play a decisive role in the next bullish phase once the technical correction is complete.<\/p>\n\n\n\n Nevertheless, potential Mt Gox sales<\/strong> in the coming days could cause BTC to fall more violently.<\/p>\n\n\n\n The crypto exchange-traded products market recorded massive outflows of $2 billion<\/strong> last week, marking the largest weekly withdrawal since February 2025 according to CoinShares data. These redemptions represent a 71%<\/strong> increase from the previous week’s $1.17 billion<\/strong>, bringing the three-week total outflows to $3.2 billion<\/strong>.<\/p>\n\n\n\nKey Technical Levels and Bitcoin Scenarios<\/h2>\n\n\n\n
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<\/figure>\n\n\n\nSingapore Strengthens Bitcoin’s Institutional Infrastructure<\/h2>\n\n\n\n
Crypto ETPs Experience Record $2 Billion Redemptions<\/h2>\n\n\n\n