Bitcoin: Top of Cycle Likely in Place as $90K Resistance Looms and $120K-$125K Revisit Seems Unlikely

COINOTAG News reported on November 26 that Galaxy Digital’s Head of Credit Trading, Beimnet Abebe, offered a measured assessment of the current crypto cycle. In his view, the top of this cycle appears to be in place, shaping the Bitcoin price outlook and the trajectory of risk appetite among institutions.

From a near-term perspective, Abebe suggested it will be challenging for BTC to recapture the $120,000 to $125,000 range, with the $90,000 area acting as a notable resistance level in the current setup.

Traders may, therefore, prioritize disciplined risk management and liquidity monitoring as the market consolidates following the cycle peak, aligning positions with credible macro narratives rather than extrapolating further upside.