The recent has fueled a new wave of bearish predictions, yet not everyone is convinced that a deeper decline is imminent. While many traders expect a correction to $92,000, one analyst has rejected the idea of a price breakdown, insisting that Bitcoin still has unfinished before any significant retracement

Why The Bitcoin Price Won’t Decline To $92,000

Crypto analyst @YazanXBT has become one of the loudest voices negating the increasingly popular . The analyst took to X social media on November 13 to the crypto community that, rather than a drop to $92,000, BTC is gearing up for a new all-time high of $145,000. 

The analyst backed up his bullish projection by pointing to a similar moment during BTC’s previous . He stated that at the time, many people were certain that the Bitcoin price would fall to $12,000 or even $10,000. But instead, the cryptocurrency bottomed at $15,800 before staging one of its strongest ever. Essentially, @YazanXBT’s message implies that mass bearish consensus is often a signal that the opposite outcome is more likely. 

In response to his X post, a crypto community member argued that Bitcoin still has an unfilled Chicago Mercantile Exchange (CME) gap at $92,000. They noted that, based on historical behavior, before making new highs, implying that a crash is imminent. @YazanXBT dismissed the bearish outlook, reiterating that Bitcoin is much more likely to rally to $145,000 before any pullback to fill .

Notably, a surge to $145,000 would require Bitcoin to break out of its current bearish pressures and climb roughly 50% from where it stands. After seeing and massive price declines, BTC is now trading slightly above $96,000, showing no apparent signs of a rebound. 

Analyst Claims BTC Crash Looks Like Manipulation 

Crypto market expert @CottonXBT a detailed price chart, which highlighted this week. The chart layout, featuring and rapid wicks, has led him to call the recent price dip a possible sign of manipulation rather than a genuine trend reversal. 

The analyst stressed that this type of price action often occurs when large players attempt to shake out retail investors before driving the market higher again. He urges investors to ignore the Fear, Uncertainty, and Doubt (FUD) and buy more BTC. 

Similarly, other market watchers are Bitcoin’s pullback as a rare opportunity to . Simon Dixon, the CEO and co-founder of the online investment platform BnkToTheFuture, urged investors to take advantage of current low levels, noting that they will be getting more BTC for their “fiat shitcoin.”