Bitcoin’s recent drop below the $100,000 mark has sparked a wave of bearish forecasts, though not everyone believes a steep decline is on the horizon. While some traders anticipate a correction to $92,000, one analyst disputes this, arguing that Bitcoin still has room to climb before any major pullback.
Crypto analyst @YazanXBT has emerged as a prominent voice against the widely discussed $92,000 crash target. On November 13, he shared on X that instead of falling to $92,000, Bitcoin is poised to reach a new all-time high of $145,000. He supported his optimistic outlook by recalling a similar moment during Bitcoin’s last bear market bottom, when many expected prices to drop to $12,000 or $10,000, but the cryptocurrency bottomed at $15,800 and then staged a powerful recovery. @YazanXBT suggests that widespread bearish sentiment often signals the opposite outcome is more probable.
In response to his post, a community member pointed out that Bitcoin still has an unfilled CME gap at $92,000, noting that historically, Bitcoin tends to fill such gaps before setting new highs, which could indicate an impending crash. @YazanXBT dismissed this bearish view, reiterating that Bitcoin is more likely to rally to $145,000 before any pullback to fill the gap. Reaching $145,000 would require Bitcoin to overcome current bearish pressures and surge about 50% from its current level.
After weeks of selling pressure and significant declines, Bitcoin is now trading just above $96,000 with no clear signs of a rebound.
Meanwhile, crypto market expert @CottonXBT shared a detailed chart highlighting Bitcoin’s drop below $97,000 this week. He suggested that the sharp sell-offs and rapid price movements indicate possible market manipulation rather than a genuine trend reversal. He believes this pattern often occurs when large players try to shake out retail investors before pushing prices higher and advises investors to ignore fear and uncertainty and consider buying more Bitcoin.
Similarly, other market observers see Bitcoin’s pullback as a rare chance to accumulate below $100,000. Simon Dixon, CEO and co-founder of BnkToTheFuture, encouraged investors to take advantage of the current low prices, noting they can acquire more Bitcoin for their fiat currency.
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about why Bitcoins price is unlikely to drop to 92000 written in a natural conversational tone
BeginnerLevel Questions
1 What does it mean when we say the price is unlikely to drop to 92000
It means that based on current market data trends and economic factors the probability of the price falling that low is considered very small Its not a guarantee but a strong prediction based on available evidence
2 Why is 92000 such a specific number
Its likely used as a hypothetical example to illustrate a pointin this case a price level far below the current value The actual important price levels are historical support and resistance points which are different
3 Whats the main reason the price wont crash that low
The primary reason is strong institutional and largescale investor support Major companies and investment funds are now buying and holding Bitcoin creating a solid floor for the price that prevents extreme crashes
4 Im new to this What is a price floor in simple terms
A price floor is a level where buying demand becomes so strong that it stops the price from falling further Think of it as a safety net that catches the price
5 Is Bitcoin a safe investment if it cant crash
No investment is 100 safe While a crash to an extremely low price like 92000 is considered unlikely Bitcoin is still volatile and its price can and will experience significant swings both up and down
Intermediate Advanced Questions
6 Besides institutional buying what other factors support a higher price
Key factors include the fixed supply of 21 million coins increasing adoption by businesses and countries and its role as a hedge against inflation similar to digital gold
7 Could a black swan event still cause a crash to 92000
Yes A black swan is an unpredictable extreme event Examples include a catastrophic global regulatory crackdown a critical flaw found in Bitcoins code or a massive failure of the global financial system These are possible but are considered lowprobability scenarios
8 How does the Halving event affect the price longterm
The Halving cuts the reward for mining new