- Bitcoin rebounds 12% from $81K lows to $91,500, breaking $90K resistance amid $21M ETF inflows.
- Altcoin Sherpa predicts $93K next, potentially $100K before pullback, signaling ATH push.
- Funding rates hint at short-squeeze potential, with historical Santa Rally odds at 75% for December.
Bitcoin refuses to die. Just days after cratering to $81,000—a 33% evisceration from $116,000 November highs—the granddaddy of crypto has clawed back above $91,500 on November 27, 2025. Up 4.5% in 24 hours with $2.3 billion in spot volume, BTC’s chart is screaming reversal, and influential trader Altcoin Sherpa is front-running the narrative: “$BTC ready for all time highs next?” His green arrow overlay on the hourly candle underscores the momentum, capping a weekly bloodbath that liquidated $1.2 billion in longs.
Sherpa’s not alone in the optimism. In a fresh X thread, he mapped $93,000 as the immediate target—”which I think we break”—before eyeing $100,000 as the cycle’s interim peak prior to any “meaningful pullback.” This aligns with on-chain tea leaves: Exchange reserves dipped 1.8% to 2.1 million BTC, per CryptoQuant, as whales accumulated 15,000 coins off the dip. Funding rates hover at -0.002%, priming shorts for a squeeze if $90K holds—a level Bitcoin’s defended thrice this month.
Macro tailwinds are stacking. Spot BTC ETFs notched $21.12 million inflows yesterday, extending a three-day streak despite Fidelity’s minor outflow. BlackRock’s IBIT alone added $18 million, pushing cumulative AUM past $50 billion. Traders are betting on Fed rate cuts—markets price a 92% chance for December—coupled with Trump’s pro-crypto cabinet whispers. A new study from Glassnode flags November’s 15% median drawdown as par for the course, with 75% of post-2017 cycles delivering “Santa Rallies” averaging 28% into year-end.
But euphoria demands caution. RSI at 62 flirts with overbought, and open interest at $45 billion signals froth. Sherpa caveats smaller wobbles en route, echoing October’s false breakdowns. Resistance at $93K (50-day EMA) is the gatekeeper; a clean break catapults to $100K, potentially eclipsing the $108K ATH from March. Failure? $85K support beckons.
For hodlers, this dip was the gift: MVRV at 2.1 undervalues BTC’s scarcity narrative amid $1.2 trillion U.S. debt interest woes. As altcoins like ETH lag, Bitcoin’s dominance at 56% hints at a solo run before rotation. Sherpa’s call? It’s not just recovery—it’s reload. With holiday liquidity thinning, the stage is set for Bitcoin to remind the world why it’s king.
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.
