Bitcoin Price Up 1% As Trump Ally Discloses 6-Figure BTC Buy

The Bitcoin worth rose over 1% prior to now 24 hours to commerce at $91,278 as of two:50 a.m. EST on buying and selling quantity that plunged 27% to $82.7 billion.

This uptick within the BTC worth comes as first-term Home member Brandon Gill, a Bitcoin permabull, bought as much as $150,000 in shares of BlackRock’s spot Bitcoin ETF (exchange-traded fund).

Gill has been an lively purchaser of the biggest cryptocurrency by market capitalization, accumulating as much as $2.6 million value of the asset since his debut as a Home Consultant.

BREAKING: Rep. Brandon Gill, certainly one of Trump’s closest allies within the Home, now reviews roughly $300K in Bitcoin.He’s amassed as much as $2.6M in BTC since taking workplace.The crypto wave has formally hit Capitol Hill. pic.twitter.com/voZM63MxAv

— Cash Guru Digital (@Moneygurudigi) November 19, 2025

Cboe Futures Alternate To Present Buying and selling In Steady Futures For Bitcoin

In one other growth, Cboe World Markets Inc. introduced that it’ll introduce its new Cboe Bitcoin Steady Futures (PBT) and Cboe Ether Steady Futures (PET).

The merchandise are scheduled to start buying and selling on the Cboe Futures Alternate on Dec. 15, pending regulatory evaluation.

JUST IN: Cboe Futures Alternate to launch steady #Bitcoin futures contracts beginning December fifteenth 🚀 pic.twitter.com/BzKmZImxQE

— Bitcoin Archive (@BitcoinArchive) November 17, 2025

Cboe’s Steady Futures are designed to supply merchants long-term publicity to BTC and ETH.

The contracts can have a 10-year expiration at itemizing and a day by day money adjustment, successfully creating perpetual-style publicity whereas eliminating the necessity to roll positions periodically.

Bitcoin Worth Slips Towards 200 SMA As Double-High Breakdown Intensifies

After rallying strongly from the $88,000 area earlier within the 12 months, the BTC worth met heavy resistance close to the $126,000 zone. This space triggered repeated rejections, resulting in the formation of a transparent double-top sample, which signaled exhaustion within the bullish development.

From July by early September, the Bitcoin worth consolidated beneath that ceiling, and has struggled to achieve upward momentum.

Ultimately, sellers took management, pushing the value of BTC under the neckline of the double-top construction. This breakdown marked the start of a sustained bearish section.

Furthermore, the bearish stance is supported by a number of failed restoration makes an attempt across the 50 Easy Shifting Common (SMA) on the 3-day chart.

Because the downtrend continued, BTC moved decisively beneath the mid-range Fibonacci ranges, dropping the 0.382 and 0.5 retracements, which added to the bearish narrative.

Bearish stress intensified lately as the value of BTC dropped to the crucial 0.236 Fibonacci help close to $97,000 and continued decrease towards the long-term 200 SMA round $87,900.

Buying and selling beneath the 50 SMA and transferring towards the 200 SMA cements the weak development, as bulls wrestle to defend traditionally sturdy zones.

Moreover, the Relative Energy Index (RSI) on the 3-day timeframe has slid to 32, approaching oversold situations. Whereas not but under the traditional 30 stage, the momentum is clearly bearish, supporting the general sturdy promoting dominance.

BTC Worth Prediction

Primarily based on the present BTC/USD chart evaluation, bearish sentiment stays dominant because the BTC worth trades effectively beneath the 50 SMA and approaches the long-term 200 SMA. The confirmed double-top breakdown helps the broader downward momentum, whereas the RSI close to oversold territory means that promoting stress is intense however could also be nearing exhaustion.

If the downtrend continues uninterrupted, the following help and cushion towards bearish stress aligns with the $87,930 area, on the 200 SMA. A breakdown under this zone may expose a deeper correction for the value of Bitcoin towards $84,000.

Nevertheless, oversold situations could gas a short-term aid bounce. In such a situation, preliminary resistance lies across the $97,000–$100,000 vary, corresponding with the 0.236 Fib stage and native horizontal resistance.

Ali Martinez helps that bullish outlook, as his evaluation exhibits that the value of BTC may bounce to $99,000.

Bitcoin $BTC may bounce to $99,000! pic.twitter.com/CgBNG5DDUa

— Ali (@ali_charts) November 19, 2025

A stronger development reversal would require reclaiming the 50 SMA ($112,051), which might sign weakening bearish momentum and open the door for a broader restoration.

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