Disclaimer: This material is not financial advice or a call to action. The analysis presented is the private opinion of its authors. Incrypted is not responsible for the investment decisions of readers.
This is reported by Business • Media
In November 2025, Bitcoin ended the month with a decline of 17.67%. This negative trend marked the worst performance for the asset since 2018. Alongside Bitcoin, other cryptocurrencies, including Ethereum, also experienced declines, indicating a tense situation in the digital asset market.
Bitcoin Market Analysis: Key Trends
The analyst from Cryptology Key, under the pseudonym Nickkk, assessed the current state of the Bitcoin and altcoin market, providing a detailed forecast for future price movements.
On the monthly chart, Bitcoin demonstrated an impulsive breakout from the long gap of fair value (FVG), which now acts as an inversion area. If the price tests this zone and forms a corresponding pattern, the specialist believes that liquidity could be removed at the level of $74,457.
The weekly BTC/USD chart shows a move into the order block (OB) interest zone, where a price reaction is already observed. A likely pullback into the short FVG is expected, after which further dynamics will depend on the formation of a model: if a short pattern appears, the market may go down, while an inversion could lead to continued growth.
The daily chart currently does not contain significant signals, except for the liquidity mark at $93,150, which is still too early to consider as a relevant target.
On the four-hour timeframe, a potential pullback into the short zone at $90,000 is anticipated. If the price tests this area and forms a short model, the main targets will become clear. Otherwise, further direction can be determined based on the inversion.
Situation in the Ethereum and Altcoin Market
Ethereum on the monthly timeframe failed to hold above the long FVG. The analyst predicts that the price may update the local bottom, after which new entry points should be expected.
The weekly ETH/USDT.P chart indicates clear support zones where a reaction can be anticipated. The absence of resistance zones above allows the market to move freely if a growth impulse occurs.
The daily timeframe suggests that the price of Ethereum has removed internal liquidity, and a correction is now possible.
On the four-hour ETH/USDT.P chart, a break of the short FVG occurred after liquidity was removed. Further attention is focused on the pullback into the FVG zone above and the dynamics at the opening of the new week and month.
The hourly Ethereum chart signals the importance of the long FVG. A possible scenario is a deeper test and additional liquidity removal before a potential upward movement.
Forecasts for ICP and TAO: Key Levels and Scenarios
For ICP, an alert has been set on the daily chart for the FVG zone. If it is tested, analysts expect the emergence of a long model aimed at removing accumulated liquidity.
The four-hour ICP timeframe considers two possible options: testing the daily FVG for position seeking or an inversion of the FVG and searching for trades after its test.
Regarding TAO, the daily chart notes the removal of liquidity from the daily fractal. Further market reaction is expected.
The four-hour TAO timeframe anticipates price expansion in the event of an inversion to short zones, including the area of the week’s and month’s opening.
The hourly TAO chart indicates the need to monitor reactions from both current levels and after a potential trend reversal.
It is worth noting that the situation in the cryptocurrency market is dynamic, and further price movements depend on investor behavior and the overall market sentiment.