Despite the Sharp Decline, Here Are 3 Reasons Why Bitcoin Is Poised to Lead the Next Crypto Bull Rally

Jakarta, Pintu News – Bitcoin (BTC) price led the overall crypto market in bearish sentiment on November 19, 2025. The major cryptocurrency fell more than 3% to hit a low around $88,500 before eventually recovering and briefly trading around $90,500.

The overall crypto market capitalization also decreased by 3.5%, to approximately $3.07 trillion, which is below its peak in 2021. Due to the increased negative sentiment in the market, over $651 million of leveraged positions in the crypto market were liquidated, with around $491 million of this coming from traders who went long.

Even so, a Coinpedia report says that Bitcoin could potentially lead a major crypto bull market in the near future, what could be the reason?

1. Big Capitulation from Retail Traders amid Steady Selling Pressure from Whales

Based on on-chain data from CryptoQuant, short-term traders and short-term holders of Bitcoin are currently on a trend of massively selling their assets. In contrast, Bitcoin miners and long-term holders are not showing any significant selling activity.

Read also: Bitcoin Price Slumps to $88,000 Today: On-Chain Data Shows Potential Rebound?

Historically, according to analysis from Santiment, crypto markets have tended to move in the opposite direction of retail trader action. With the current massive capitulation of retail traders, the chances of a crypto market rebound in the next few weeks are growing.

2. Historical Patterns After the US Government Shutdown

James Thorne, Chief Market Strategist at Wellington-Altus, stated that Bitcoin has the potential to repeat its price movement pattern after the US government shutdown in 2019.

“Bitcoin bottomed out on February 7, 2019 at $3,300, which was 13 days after the US government reopened on January 25, 2019. From that low point, the price of Bitcoin rose significantly to almost $13,000 on June 26, 2019, 139 days after the shutdown ended. History tends to repeat itself,” Thorne explained.

3. Support from Technical Analysis

Technically, Bitcoin price has recently retested the important support level above $90,000. After closing the CME daily gap above $92,000, BTC price is signaling a potential recovery ahead.

Read also: Bitcoin Plummets to $87,000, these 5 Altcoins Explode by 160% Today!

In addition, the daily Relative Strength Index (RSI) indicator has also dropped to oversold levels, which often signals a price reversal towards an uptrend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Three Reasons Why Bitcoin Will Lead a Major Crypto Bull Rally In The Coming Weeks. Accessed on November 21, 2025