The world’s leading cryptocurrency is confronting a significant psychological hurdle that has even seasoned bulls on edge. Bitcoin’s attempt to breach the $100,000 level is meeting with exceptionally stiff resistance. As of Sunday, the digital asset was trading near $101,854, reflecting a 0.59 percent decline from the previous day. This price action raises a critical question for investors: is this a period of consolidation before a major breakout, or is the rally losing momentum?
Unusual November Performance Raises Questions
Market experts are noting a significant deviation from Bitcoin’s typical seasonal pattern. Historically, November ranks among its strongest performing months, with an average gain of 42.49 percent. The current scenario for 2025, however, presents a stark contrast, with Bitcoin recording a 6.55 percent loss for the month. This anomaly from the established trend has captured the attention of financial analysts.
Despite the apparent weakness, some market strategists interpret the current consolidation phase not as a sign of deterioration, but as a necessary breather preceding the next potential advance. Bullish forecasts project a possible 42 percent surge from current price levels, which would propel Bitcoin toward the $156,000 mark. The realization of this optimistic projection is largely contingent upon buyers successfully and sustainably reclaiming the $100,000 threshold.
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Whale Activity and Market Dynamics
Blockchain data reveals notable activity coinciding with this sideways trading pattern. Long-standing Bitcoin whales have been moving over 1,000 BTC per hour since the beginning of the year. A recent substantial transfer of 3,600 BTC was recorded, valued at approximately $366 million at current prices.
While such large-scale movements often create market unease, specialists characterize this activity as routine portfolio rebalancing rather than a coordinated sell-off. Daily trading volume remains robust at around $48 billion, indicating continued active participation from both institutional and private investors.
An interesting divergence is emerging in the broader digital asset space. While Bitcoin experiences minor declines, the total cryptocurrency market capitalization has expanded to $3.46 trillion, representing a 2.42 percent increase within a 24-hour period. This suggests that while some capital may be flowing into alternative digital assets, the industry overall continues to demonstrate strength.
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