In general, November was a month of strong downward pressure for the cryptocurrency market, and this trend extended into early December.
📉 Overview of the Decline (November - Early December)
The crypto market experienced a notable correction, especially for Bitcoin and major altcoins (such as Ether and Solana), with several key points:
Extension of the Declines: November was a difficult month, with Bitcoin extending its worst month since 2021 and the pressure continuing as December began. On December 1, 2025, Bitcoin fell more than 5% to around $85,000 USD (after being close to $92,000 USD at the end of November).
Altcoins in Retreat: The decline took on a broader and more systemic character, with major altcoins like Ether and Solana also retreating nearly 5% at the beginning of December.
💡 Factors Behind the Decline
This correction was driven by a combination of factors specific to the crypto market and global macroeconomic elements:
1. Macroeconomic and Global Factors
Global Tensions: Concerns about geopolitical and economic tensions, such as a more hawkish turn by the Bank of Japan and regulatory warnings in China, drove risk aversion in global financial markets.
2. Despite having touched levels close to $92,000 USD in November, Bitcoin found significant resistance ($92,000 - $95,000 USD), and the lack of a solid close above that range generated uncertainty and led to the correction.
Despite the critical support level for Bitcoin being between $83,000 and $85,000 USD. If this level gives way, the price could seek the next support zone around $80,600 USD.
Recovery Scenario: For the bullish bias to recover, Bitcoin would need to regain levels of $88,000 USD and, more decisively, the zone of $90,000 - $100,000 USD.
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