Bitcoin Eyes $138,000 Rally Despite $96K Support Test
Bitcoin is sitting near a key support level at $95,933 following a decline of about 22.66% from its recent peak, with spot price action around $96K as of Nov. 14, 2025. The pullback has shifted short-term momentum bearish and increases the risk of extended consolidation if buyers fail to defend the level, making the next few sessions critical for direction.
Despite current downside pressure, several technical indicators — including trendline support and momentum oscillators — suggest a scenario that could see BTC push toward $138,000 by Nov. 17, 2025. That outcome would mark a strong rebound and could reignite risk appetite across crypto markets and derivatives positioning; conversely, a break below $95,933 would likely amplify volatility and delay any sustained rally, keeping traders cautious.