+3.94% for Bitcoin — ETF demand and Texas entry drive price recovery

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Bitcoin rises 3.94% today to $90,967

Highlights

Bitcoin ETFs saw net inflows of $129 million on November 25, led by Fidelity's FBTC, signaling renewed institutional interest following recent outflows.
Nasdaq ISE proposed to the U.S. SEC an increase in position and exercise limits for options on BlackRock's iShares Bitcoin Trust ETF (IBIT).
The State of Texas allocated $10 million to BlackRock's IBIT ETF, becoming the first U.S. state to invest directly in Bitcoin.

ETF inflows and regulatory moves spur renewed institutional demand

On November 25, Bitcoin ETFs recorded net inflows of $129 million, mainly led by Fidelity's FBTC, reflecting a reversal of recent outflows and renewed institutional interest. Nasdaq ISE proposed to the U.S. SEC increasing position and exercise limits for options on BlackRock's iShares Bitcoin Trust ETF (IBIT). The State of Texas became the first U.S. state to invest directly in Bitcoin, allocating $10 million to BlackRock's IBIT ETF, while Bitget disclosed an increase in BTC reserve coverage to 324% in its latest Proof of Reserves.

Conflicting momentum as strong trend faces mixed oscillators

Momentum indicators remain mixed. The D1 MACD points to a strong sell, but the ADX at 36.92 suggests persistent trend strength while the D1 RSI is low at 38.78, and the Stoch RSI signals a strong overbought condition — highlighting a divergence. BBP remains deep in seller territory, indicating that sellers still dominate, though HMA and several intraday signals (H4, H1, m30) suggest a rebound attempt. The daily price advanced 3.94% ($3,447.97) from a higher open ($90,450 vs. previous close $87,519.53) with a moderate gap and is currently trading near today's high of $91,894. Intraday volatility is high, with momentum showing strength toward session highs, but the mixed oscillators reflect conflicting sentiment.

Sideways consolidation likely as upside risk remains muted

For the next 5 trading days, the expected price range is $90,800 to $92,200, keeping within a realistic weekly band around the current price. Based on weekly indicators, there is a very low probability (less than 20%) of a sustained increase, making downside movement more likely. The baseline scenario is for BTC to consolidate sideways within the $90,800–$92,200 corridor. A bullish breakout above $95,900 (Kijun) could open the door to a sharper rally, but would need confirmation from improved momentum indicators. Conversely, a bearish move below $90,800 could renew selling toward the lower-$89,000s, continuing the medium- and long-term downward trends.

Anton Kharitonov, analyst at Traders Union, sees persistent bearish pressure on Bitcoin with price action still capped by key moving averages. He notes that while recent institutional inflows and news on ETF developments are supportive, momentum indicators remain mixed and do not confirm a true recovery. The analyst remains cautious, seeing a consolidation between $90,800 and $92,200 as the base case. "Until Bitcoin breaks above $95,900 with improving momentum, I can't trust the upside — bearish risks remain dominant for now."

Previously it was noted that large deposits dominated the inflow of funds to exchanges, with analysts observing that the average BTC deposit reached its highest level in a year. Data from analytics firm CryptoQuant shows that after Bitcoin’s price fell to around $80,000 last week, large traders increased the volumes of BTC sent to exchanges.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.