Bitcoin Is Stuck – And Charts Say Boomers Might Buy the Dip

Bitcoin (BTC) is sitting beneath one of its most important resistance zones of the entire cycle, and the mood across the charts feels strangely split. On the one hand, the market structure remains constructive. On the other, Bitcoin dominance just printed a textbook ‘complacency’ signal, hinting that the broader sentiment may be cooling even faster than traders realize.

Across major timeframes, Bitcoin has repeatedly tested the $91,000 to $93,000 band without managing a clean breakout. Renowned cryptocurrency trading expert Michaël van de Poppe warned in an X post on November 28 that nothing meaningful will change until this zone finally gives way.

If it does, the upside expansion could be violent, opening the door to $100,000 and potentially far beyond. But until then, the charts remain in a holding pattern, and the market is behaving as though it knows it.

At the same time, fellow crypto analyst Matthew Hyland has pointed out that Bitcoin dominance is drifting into complacency territory. Historically, this stage appears when participants begin assuming the uptrend will simply continue without interruption, which is a mindset that has often preceded shakeouts or rotations.

Adding to the tension, CryptoJelleNL has highlighted the CME chart, which resembles a classic high-timeframe retest that traditional equity traders, a.k.a. ‘boomers,’ as he called them, would normally treat as a value zone. 

That comparison may sound tongue-in-cheek, but as Bitcoin adoption grows among more conventional investors, those chart similarities increasingly matter. If boomers really do start interpreting BTC like a stock, these dips take on new meaning.

Market Waits for the Break

Currently, the price of Bitcoin stands at $91,670.48, suggesting an increase of 0.14% in the last 24 hours, having gained 11.26% across the previous seven days, but accumulating a decline of 18.74% over the past month, according to the latest chart data.

All eyes remain on the same levels. Bitcoin is consolidating tightly beneath resistance, holding its short-term trend while preparing for a decision point. The timing is tricky as the U.S. market is open for only a brief session today due to the holiday schedule, and liquidity windows this narrow often produce fakeouts or sudden expansions.

If Bitcoin can reclaim and close above the $91K to $93K region, the probability of a larger rally increases dramatically. Fail again, and the complacency narrative begins to harden. Traders may not be in euphoria, but they’re also no longer in disbelief. That middle zone tends to be where markets choose direction.

For now, Bitcoin sits on the edge of a breakout that could define the next phase of the cycle.

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