Solana

Bitcoin

Resistance

<ul>
 <li><strong>Bitcoin enters a sub-wave 4 corrective phase, with a projected short squeeze toward $92,400 before renewed bearish pressure.</strong></li>
 <li><strong>Elliott Wave structure and liquidity above recent highs hint at a brief upside move, then possible retest of $90,000 support.</strong></li>
 <li><strong>Strong ETF inflows and firm long‑term holder conviction help underpin BTC around the $91K–$93K consolidation zone.</strong></li>
</ul>
<p>The ever-volatile world of <a href="https://coincryptonewz.com/breaking-news/bitcoin-news/" rel="noopener noreferrer nofollow">cryptocurrency</a>, Bitcoin (BTC) continues to captivate traders with its intricate price dances. On November 27, 2025, prominent analyst Crypto Tony (@CryptoTony__) dropped a timely update on X, shedding light on BTC’s current positioning amid a corrective phase. Sharing a candlestick chart from Coinbase highlighting the BTC/USD pair, Tony observed that the asset failed to hold key lows earlier in the session, signalling entry into “sub-wave 4” of an Elliott Wave structure. His prognosis? A sharp squeeze upward toward $92,400 before bears regroup and apply pressure.</p>
<h2 class="wp-block-heading" id="strong-the-92-400-short-squeeze-scenario-strong"><strong>The $92,400 Short Squeeze Scenario</strong></h2>
<p>Elliott Wave Theory posits that markets move in repetitive cycles of five impulsive waves followed by three corrective ones. Tony’s read places <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">BTC </a>in the midst of a nuanced sub-wave 4 correction within a larger bullish impulse. The chart illustrates this vividly: a series of green and red candles clustering between $91,000 and $93,000, with recent dips testing support around $91,600. The failure to breach lower lows suggests underlying strength, potentially fueled by institutional inflows and lingering post-halving momentum from earlier in the year.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet">
   <p><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USD</a> – Update <br><br>Did not manage to hold that low earlier, which tells me we are in the sub wave 4 right now. I think we get a good squeeze up to $92,400 before the bears show face. <a href="https://t.co/712HDMOl8X" rel="noopener noreferrer nofollow">pic.twitter.com/712HDMOl8X</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1994104993616679264?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2025</a>
  </blockquote>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-etf-flows-sentiment-and-on-chain-backdrop-strong"><strong>ETF Flows, Sentiment, and On-Chain Backdrop</strong></h2>
<p>This isn’t just technical tea-leaving; it aligns with broader market dynamics. Bitcoin has been consolidating after a blistering rally that saw it flirt with $100,000 in late October, only to pull back amid macroeconomic jitters like U.S. inflation data and geopolitical tensions. Spot Bitcoin ETFs have absorbed over $15 billion in net inflows year-to-date, providing a floor against deeper corrections.</p>
<p>Tony’s call for a $92,400 target points to liquidity grabs above recent highs, where stop-loss orders from shorts could ignite a rapid 1-2% pop. However, he cautions that this is prelude to bearish intervention—likely targeting $90,000 if momentum falters.</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-for-traders-strong"><strong>Key Support and Resistance Levels for Traders</strong></h2>
<p>Market sentiment echoes this tempered optimism. On-chain metrics from Glassnode show rising exchange reserves but stable long-term holder conviction, while the Fear &amp; Greed Index hovers at 65 (Greed). Altcoins like Ethereum and Solana are mirroring BTC’s sideways grind, hinting at correlated relief if the squeeze materializes.</p>
<p>Traders should watch volume spikes and the $92,000 resistance; a clean break could validate wave 5 upside toward $95,000+. As 2025 draws to a close, Bitcoin’s narrative remains one of resilience amid uncertainty. Tony’s update serves as a reminder: in crypto, corrections are opportunities, but timing is everything. With regulatory clarity on the horizon from the incoming U.S. administration, the stage is set for BTC to reclaim its throne. Stay vigilant— the next move could redefine December’s trajectory.</p>
<pre class="wp-block-preformatted">Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.</pre>
<p>&lt;p&gt;The post <a href="https://coincryptonewz.com/bitcoin-squeeze-92400-target-before-a-bearish-twist/" rel="noopener noreferrer nofollow">Bitcoin Squeeze: 92,400 Target Before a Bearish Twist</a> first appeared on <a href="https://coincryptonewz.com" rel="noopener noreferrer nofollow">Coin Crypto Newz</a>.&lt;/p&gt;</p>

Bitcoin Squeeze: 92,400 Target Before a Bearish Twist

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