Bitcoin Climbs to Key Fibonacci Resistance, Cryptos Remain Flat with $100K Possible but No Major Breakout

Bitcoin (BTC) held above $91,000 on Friday, with crypto markets largely flat following Thursday’s U.S. Thanksgiving holiday.

Market sentiment has improved slightly, with the fear-and-greed index rising to 22 — still in “extreme fear,” but signaling renewed buying across large-cap tokens. BTC has retraced about 61.8% of its November 11–21 decline, reclaiming a key Fibonacci level. FxPro’s Alex Kuptsikevich said holding this level could open the door for a move toward $100,000.

Some analysts view the recent ~30% correction as a potential long-term entry point. K33 Research noted BTC underperformed the Nasdaq in 70% of sessions last month, a rare deviation seen near local inflection points. Deribit flows show traders favoring upside structures between $100,000–$118,000 but remain cautious on surpassing $120,000 without stronger macro support.

Tether (USDT) was downgraded to “weak” by S&P, citing exposure to BTC, gold, and corporate credit. Its reserves now include 116 tonnes of gold, roughly equivalent to Hungary or Greece.

Altcoins were mixed. ETH fell 0.4% to $3,023 but gained 7.7% weekly. XRP slipped 0.8% to $2.20, up 10% weekly. BNB added 0.3% to $897, SOL fell 2% to $140, TRX gained 1.4% to $0.2803, DOGE dropped 2.5% to $0.1508, and ADA lost 1.4% to $0.427. Outside the top 10, ZEC fell 8%, while newcomer MON slid 13%.