Bitcoin price prediction: BTC consolidates as whale selling limits rebound momentum
Bitcoin price is still trading below Monday’s peak of $89,250, struggling to extend its recovery beyond the rebound that followed last week’s selloff. After bouncing 11% from the $80,500 low, the recovery was capped at the 4-hour 50 EMA on Monday, forcing a retreat to $86,150 on Tuesday. Since then, Bitcoin has consolidated within a tight $88,500 to $86,150 range, accompanied by a noticeable drop in trading volumes, which indicates reduced conviction among buyers.
- Bitcoin trades sideways below $89,250 after a rebound from last week’s $80,500 low.
- Falling open interest and whale selling indicate weak conviction behind current recovery.
- RSI divergence across timeframes confirms mixed sentiment and fading momentum
Today is Wednesday, November 26. The European session reflects a slight gain of 0.5%, as Bitcoin is yet to break out of the prior day consolidation. The short-term momentum is trying to lean bullish as the 4-hour RSI pushes above neutral to 55, suggesting upward pressure is building. However, the failure of trading volumes to pick up across the 1-hour chart continues to weigh on the likelihood of a breakout being sustained.

Bitcoin price dynamics (July 2021 - Nov 2025). Source: Tradingview
Open interest adds another layer of hesitation. Bitcoin aggregate open interest across major exchanges has dropped further to $29.3 billion, its lowest level in over a month. This decline began on Monday and highlights the lack of speculative buildup supporting the current price recovery. This on-chain metric points to structural weakness and redistribution by institutional players, hinting that the recent bounce might just be a temporary reprieve rather than a sustained trend reversal.
Bitcoin whale cohort selling between 1,000–10,000 BTC weighs on market confidence
Of particular concern is the continued selling pressure from the key 1,000 to 10,000 BTC whale cohort. Their selling activity suggests that broader market confidence has not yet shifted, and makes it difficult to confirm that a full trend reversal is in play. Until this cohort flips to accumulation, any breakout risks being short-lived.
Technically, a break above the 4-hour 50 EMA and Monday’s high will be a positive short-term trigger. But the broader trend on the daily chart still leans bearish. The daily RSI reads just 33, well below the neutral midpoint, and serves as a reminder that the recovery is still unfolding within a bearish macrostructure. A meaningful reversal will likely require stronger catalysts or a clearer shift in whale accumulation patterns.
In recent analysis, we discussed how Bitcoin rebounded 11% from its November dip after a steep 33% monthly drop. Afterward, forced liquidations and risk-off sentiment dominated trader positioning.
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