Last night, the price of Bitcoin in dollars climbed back above $91,000.
This is a very interesting mini-rebound because it might have closed the downward trend of the past few days.
To be honest, the dollar is still relatively strong, so the risk of further declines is not entirely averted, but the downward trend of recent days does indeed seem to have ended. It remains to be seen whether another one will begin or not.
Summary
The Downward Trend
The latest downward trend began on Tuesday, November 11, the day before the US Congress approved the plan to end the shutdown.
This is a trend consisting of as many as seven negative daily candles, although not consecutive.
The most curious thing, however, is that it turned out to be very similar to the upward trend of early October, although obviously in reverse.
In fact, starting from Sunday, September 28, the price of Bitcoin in dollars recorded precisely seven non-consecutive positive candles, which drove the price from less than $110,000 to new all-time highs reached on October 6 above $126,000.
The curve drawn by that ascending trend of BTC/USD appears to be almost perfectly mirrored compared to the one drawn by the descending trend that began on November 11.
Moreover, while the upward trend at the beginning of October coincided with the start of the US government shutdown (October 1, 2025), the downward trend occurred around the end of the same shutdown, which concretely began on Thursday, November 13.
It seems rather unlikely that this is a coincidence, and indeed yesterday many were expecting the end of the downward trend and a mini-rebound.
The Rebound of Bitcoin’s Price
In reality, what happened last night is just a minor rebound, as the price of Bitcoin in dollars only managed to climb from less than $89,000 to over $91,000.
Moreover, yesterday’s low, just below $88,500, was perfectly in line with the high of October 6, although obviously in a mirrored manner, if you compare the two trends mentioned above.
In other words, just as after the start of the shutdown BTC/USD aimed to slightly exceed $126,000, in hindsight we can assert that it most likely aimed to drop slightly below $88,500 with the end of the shutdown.
The point is that, in theory, it seems possible to extend this comparison to the following days as well.
In fact, from October 7 to 10, the price of Bitcoin then fell back below $110,000, essentially returning to the same point from which the upward trend had started about two weeks earlier.
This suggests that by Tuesday, November 25, there could be another significant rebound capable of bringing Bitcoin’s price back to where the recent downward trend started, approximately $105,000 or so.
The Christmas Rally
To all this, it should be added that for a few days now, there has also been speculation about the possibility of a Christmas rally.
This is a hypothesis that did not originate in the crypto markets, but in traditional ones, and it revisits scenarios that have already occurred in the past.
The point is that even the US stock markets are undergoing a correction these days, and it is possible that today there might be a small rebound that marks the end of the correction.
In the past, in cases like this, a rally sometimes kicked off in December, known as the Christmas rally, also because the stock markets close for the holidays at Christmas.
It is absolutely possible that something similar could also trigger on Bitcoin, perhaps as early as next week.
The Dollar Index
Regarding the Bitcoin price, however, there might also be another factor playing a positive role.
This is the Dollar Index, which measures the strength of the US dollar against other global currencies.
It indeed seems that in the coming days, the small upward trend of the Dollar Index might also end with a double top around the 100.3 mark.
It should be noted that in the medium term, the trend of Bitcoin’s price in dollars is inversely correlated with that of the Dollar Index, so it is not surprising at all that there was a downward trend in BTC/USD precisely while an upward trend of DXY was occurring.
The point in this case is that DXY is following a trend very similar to that of late 2017, which was the first year of Donald Trump in the White House during his first term, and that trend back then, starting from late November, continued with a strong and prolonged decline lasting until February of the following year.
In the hypothetical scenario where a similar situation occurs again, Bitcoin’s price could not only rally in December for a Christmas surge but also continue to rise in the early weeks of 2026, potentially reaching new all-time highs.
