Bitcoin: Market Analysis and Expected Price Correction

user avatar

by Giorgi Kostiuk

2 years ago

Bitcoin recently reached a historic peak of $93,250 and is currently trading near $88,800. Analysts anticipate a potential price correction influenced by market factors and political activities.

Current Bitcoin Market Situation

Since November 5th, Bitcoin has seen an impressive increase of over 39%, reaching a maximum value of $93,250. However, the current price is about $88,800, indicating a minor setback.

CME Gaps Analysis and Potential Decline

Market analyst Quinten Francois suggests the possibility of a deeper correction that could lead prices below $80,000 due to a substantial CME gap. CME gaps occur due to price differences between the close of one trading day and the open of the next. Francois identifies a gap at $78,000, signaling a potential 12% retracement.

Political Factors Influencing the Market

Political events also impact the Bitcoin market. Donald Trump's electoral win on November 5th is seen by many as a catalyst for the current surge. In his campaign, Trump emphasized the growth of digital assets, planning to designate Bitcoin as a strategic reserve asset for the U.S. Pro-crypto Senator Cynthia Lummis supported this initiative, proposing the 'Bitcoin Act' aimed at increasing U.S. reserves to 1 million coins.

Analysts forecast a potential extended bullish trend for the period leading up to 2026-2027 but warn that an unaddressed CME gap may cause additional volatility in the future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.