Bitcoin Market Update and Setup Friday 11/21/2025
- Nov 21, 2025
- 3 min read
Bitcoin and BTC Dominance (BTC.D) are both trading bearish today, with BTC.D now sitting below the critical 59.00% level. If BTC.D prints a clean bearish daily close, it will confirm its breakout and likely continue declining. That decline would give altcoins some room to recover, as most of their severe damage occurred on October 10 and has not repeated since. This suggests sellers are largely exhausted—buyers simply need Bitcoin’s panic to subside.
Bitcoin dropped yesterday after a mixed U.S. NFP labor report. The data showed clear weakness, not strength—exactly what the market didn’t want to see. At the same time, the U.S. stock market erased its prior gains sparked by NVIDIA’s earnings, wiping more than $1 trillion in value in a single day. Volatility surged and the VIX spiked sharply.
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