Bitcoin News Today: Key Support Level for Bitcoin: Will It Enter a Bear Market or Rebound Past $82K?

On November 20, 2025, Bitcoin's value tumbled below $86,000, reaching its lowest point in seven months and sparking significant anxiety among investors. After reaching a record high of $126,223 in early October, the cryptocurrency has now shed over 7% of its value this year, raising concerns about a possible bear market. This decline has fueled speculation that

could finish 2025 under $90,000, with the options platform Derive.xyz.

Several factors have contributed to the recent selloff. Federal Reserve officials have taken a more cautious approach to rate cuts, citing ongoing inflation, which has dampened hopes for looser monetary policy. At the same time, billionaire Ray Dalio’s comments about quantum computing threatening Bitcoin’s cryptography have heightened market concerns. Adding to the downward pressure, early adopter Owen Gunden sold 11,000

for $1.3 billion, causing further declines.

Data from the options market highlights the prevailing pessimism.

a significant cluster of Bitcoin "put" options—13,800 contracts—at the $85,000 strike price, set to expire on December 26. The probability of Bitcoin ending 2025 above $100,000 has fallen to just 30%, based on the same source. that over $910 million in positions were liquidated across exchanges in a single day, with $264.79 million of those being long positions.

Retail investors are also preparing for further losses. Santiment’s research observed a spike in retail forecasts predicting Bitcoin would drop below $70,000, though historical data suggests markets often move contrary to extreme retail sentiment. CoinMarketCap’s Fear and Greed Index dropped to 15/100, matching levels seen before previous recoveries.

Technical signals present a mixed outlook.

. Bitcoin is currently testing a crucial support area between $82,000 and $84,000, which is vital for short-term stability. that if Bitcoin can sustain a rebound above this range, it could aim for $125,000, but losing this support could send prices below $80,000.

Looking back at history offers some hope. The recovery following the 2019 U.S. government shutdown, which was driven by Federal Reserve easing, is being referenced as a possible model for a turnaround. In addition,

, after five consecutive days of outflows, recorded a $75.4 million inflow on November 20 as Bitcoin temporarily climbed back to $92,000.

Broader economic challenges continue to pose risks. Weakness in technology stocks, fueled by concerns about an AI-driven bubble, has spilled over into riskier assets like Bitcoin. Meanwhile, leveraged trading on platforms such as Coinbase has increased volatility, with high-leverage positions leading to a cascade of liquidations.

Despite these headwinds, some experts remain optimistic. The True Market Mean at $81,900 is seen as a key support; a drop below this level could trigger a deeper correction, while a bounce could help stabilize prices. Long-term holders and ETF inflows are viewed as possible drivers for a recovery, though uncertainty remains high.