Analysts Identify Hurdles to Bitcoin’s New All-Time High

Bitcoin must overcome supply clusters at $93,000-$96,000 and $100,000-$108,000 to reach new heights.

To ascend to new heights, the price of the leading cryptocurrency must overcome “supply clusters of major buyers” in the $93,000-$96,000 and $100,000-$108,000 ranges, according to Glassnode representatives.

Breaking above the top-buyers’ supply clusters is a key prerequisite for regaining momentum toward a new ATH.
The major immediate clusters sit at $93k–$96K & $100k–$108K, where typically some degree of resistance from recent buyers is expected.

📊 https://t.co/dFiE9YGNP3 https://t.co/lHVm7IpC2W pic.twitter.com/vScwKBbj0D

— glassnode (@glassnode) November 28, 2025

The digital gold’s price has already surpassed the $89,000-$90,000 barrier, marking an exit from the “high-risk zone,” according to Bitcoin Vector. 

“Bitcoin needs to gain momentum to break out of the consolidation that has formed since reaching its all-time high,” analysts explained.

At the time of writing, the leading cryptocurrency is trading around $91,356. Over the past seven days, the asset has appreciated by approximately 6%, according to CoinGecko. 

According to Bitcoin Vector, a “full breakout” of the consolidation zone in the $93,500-$95,000 range is necessary to strengthen the upward trend.

“During this process, the risk aversion indicator should fall into the ‘safe zone’. This will confirm buyers’ dominance over sellers and the beginning of momentum formation,” researchers noted.

In their view, without momentum and with high risks persisting, any growth will be merely tactical, not a structural recovery.

Pressure Eases

According to Bitcoin Vector, the market is still in a “high-risk zone,” but the situation is stabilizing: selling pressure is weakening, and spot demand “is finally starting to shift the balance of power.”

Bitcoin is still in a high-risk regime, but the signal is slowly stabilizing

Selling pressure is weakening, and spot demand (which never disappeared) is finally making the difference

The key question: has the worst passed?

We’ll know when BTC retests $94K–$95K, the decisive… pic.twitter.com/nFq5ijjyWo

— Bitcoin Vector (@bitcoinvector) November 27, 2025

“The main question: has the worst passed? The situation will become clearer when the $94,000-$95,000 range is retested — this is the decisive threshold for confirming a trend change,” researchers emphasized.

Sentiment Improves

The popular market sentiment indicator still points to “extreme fear,” but its values are gradually rising.

Analysts at Santiment noted that the recent rise in bearish sentiment on social media historically heralds a positive market impulse.

“Most significant reversals occur when retail investors almost lose hope. Markets usually move against the crowd’s expectations,” experts highlighted.

The improvement in sentiment is also reflected in the bitcoin-ETF segment, where moderate capital inflows have been observed for the second consecutive day. Ethereum-based funds have recorded net inflows for four trading sessions.

Earlier, analysts at Glassnode identified a level confirming the bearish phase of the market.