The market #btc is undergoing a significant correction. As of November 23, 2025, Bitcoin is trading around 85,967.67 USD, a significant drop from the historical peak of 126,073 USD at the beginning of October.
· Causes of the decline: The sell-off was driven by investors' risk aversion, concerns about the Fed's monetary policy, and a wave of liquidations of leveraged positions. Over 1.81 billion USD has been liquidated in just the past 24 hours.
· Market Sentiment: The "Fear & Greed Index" has dropped to its lowest level in months, reflecting the prevailing pessimism in the market.
🔔 Main Event on November 24
There is a notable event scheduled for November 24, 2025, which could impact the entire cryptocurrency market:
· Monad Mainnet Launch: The Layer-1 Monad blockchain will officially launch its mainnet and release the MON token (TGE) at 9 PM (Vietnam time) on November 24, 2025. This is one of the most anticipated launch events of the year, and such a significant event often causes liquidity fluctuations, which can affect prices $BTC
📊 Technical Analysis & Short-Term Forecast
Below are some technical analyses and forecasts from experts for this period:
Elliott Wave Analysis: Bitcoin is expected to rise in wave [5]. Traders may consider buy orders with profit targets around 107,545.69 USD.
The key support zone of $110,000 - $112,000 is an important support level. If maintained, this could be a good entry point.
November Price Forecast: Some experts expect Bitcoin to stabilize and recover to 95,000 USD by the end of November.
Risk Warning: If the support zone of $110,000 is broken, prices may test lower support levels at 84,000 USD or even 73,000 - 75,000 USD.
🧐 Long-Term View & Advice
· Optimistic View: Many influential figures like Michael Saylor maintain a positive outlook, seeing this correction as a buying opportunity and emphasizing the long-term prospects of Bitcoin.
· Risk management: Experts advise investors not to "all-in" (put all funds in) and to avoid using leverage during periods of high market volatility. Investment proportions in cryptocurrencies should be managed according to individual risk appetite.
💡 Conclusion and Suggestions
November 24, 2025, is expected to be a volatile day due to the launch event of Monad. The short-term trend of Bitcoin will depend on:
· Price reaction to the support zone of $90,000 - $95,000.
· Market sentiment developments surrounding the Monad event.
· Macroeconomic news, especially signals regarding interest rate policies from the Fed.
You should closely monitor market developments throughout the day and manage risks cautiously.
I hope the information above is useful. Do you want me to investigate further into the Monad event or other technical factors?
