Crypto analyst Michael van de Poppe projects Bitcoin could reach $105,000 this month, though a correction to $88,000–$90,000 may occur first. Bitcoin recently recovered to $94,000, liquidating short positions and renewing interest in the $100,000 threshold. Van de Poppe suggests that while a direct rally above $92,000 is possible, current market sentiment makes a pullback more likely before sustained upward momentum.

Bitcoin trades below $85,000 as analysts examine the CVDD (Cumulative Value-Days Destroyed) indicator for possible support levels. The metric, which tracks long-term holder selling activity, points to a potential floor near $45,880 if bearish conditions extend into 2026. Bitcoin has declined over 30% from its recent all-time high established less than two months ago.

U.S. spot Bitcoin exchange-traded funds recorded net outflows of $866 million on November 13, marking the second-largest single-day redemption since these products began trading in March 2024. The withdrawals occurred as Bitcoin's price fell below $95,000. Grayscale's GBTC led with $318.2 million in redemptions, followed by BlackRock's IBIT at $256.6 million and Fidelity's FBTC at $119.9 million.