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Crypto Market Tests Crucial Support as Bitcoin’s Price Rises Above $90,000

Crypto Market Tests Crucial Support as Bitcoin’s Price Rises Above $90,000

Traders remain cautious as crypto investors monitor support zones and liquidity conditions.

Written by Rahul Dhingra, Edited by David Delima | Updated: 19 November 2025 13:12 IST

Crypto Market Tests Crucial Support as Bitcoin’s Price Rises Above $90,000

Photo Credit: Unsplash/Traxer

Bitcoin trades steadily while traders evaluate market signals ahead of key resistance tests

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Highlights

Whale accumulation increases as BTC rebounds from multi-day lows.
Traders await FOMC cues as liquidity conditions slowly improve.
Support zones near $90,000 remain key to short-term market direction.

Bitcoin's price hovered near $90,786 (roughly Rs. 80.28 lakh) on Wednesday, a day after the value of the digital asset slipped below $90,000 (roughly Rs. 79.5 lakh). The market has now corrected nearly 30 percent from its October peak, resetting expectations and nudging traders into a more cautious stance amidst thin liquidity and muted institutional flows. The current zone could either become an early base for recovery or a slide deeper toward a crypto winter, depending on whether liquidity improves and buyers return. Ethereum (ETH) traded around $3,025 (roughly Rs. 2.68 lakh). According to the Gadgets 360 price tracker, Bitcoin is priced around Rs. 80.2 lakh in India, while Ethereum trades near Rs. 2.68 lakh.

Altcoin Prices Fluctuate as Market Attempts to Regain Stability

The prices of various altcoins were fluctuating on Wednesday, and these assets remain under pressure as traders navigated cautious macro conditions. XRP hovered around $2.15 (roughly Rs. 190), while Binance Coin (BNB) fell to $920.41 (roughly Rs. 81,382). Solana (SOL) traded near $138.02 (roughly Rs. 12,204) and Dogecoin (DOGE) declined to $0.1577 (roughly Rs. 13.94).

Avinash Shekhar, Co-Founder and CEO of Pi42, said the market has now entered a decisive zone. “Fear is still dominant, and some assets without strong utility are under heavier pressure, but the broader setup is not one-sided. If liquidity stabilises and buyers return, this zone can act as an early base for a recovery [...] The next stretch will reveal whether bears maintain control or whether the first signs of a rebound take shape.”

From Courtrooms to CBDCs: Nischal Shetty on India’s Growing Crypto Sector

Mudrex CEO Edul Patel highlighted early signs of recovery supported by whale activity. “The market now awaits the US FOMC meeting minutes. Any indication of easing in the December outlook could support a broader bullish shift. Currently trading at $92,600 (roughly Rs. 81.9 lakh), BTC faces immediate resistance above $94,300 (roughly Rs. 83.4 lakh), with $90,000 (roughly Rs. 79.5 lakh) acting as a strong support.”

The CoinSwitch Markets Desk observed improving short-term momentum. “The broader crypto market gained 2.3 percent, outperforming traditional assets for the first time in weeks as investors showed appetite for dips. BTC is currently consolidating between $92,000–$93,000 (roughly Rs. 81.1 lakh–Rs. 82 lakh) after the bounce, with bulls eyeing the $94,000 (roughly Rs. 83.03 lakh) resistance zone.”

Market sentiment remains subdued, with analysts noting that Bitcoin's ability to defend the $90,000–$94,000 (roughly Rs. 79.5 lakh–Rs. 83 lakh) range will be key in determining whether a base for recovery forms or whether the market tilts further toward extended weakness.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ethereum, Crypto in India

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More