Bitcoin (BTC) price has
plunged to $89,426 today (Tuesday), November 18, 2025, marking its lowest level
since April and wiping out all gains made since the start of the year.
The world’s
largest cryptocurrency has crashed 28% from its record high of $126,275 reached
in October, erasing approximately $600 billion in market capitalization. Over
the past eight trading sessions, Bitcoin declined on seven occasions, with only
one positive day, falling from local peaks at $107,500 on November 11 to
intraday lows at $89,253.
In this article, I look for answers why bitcoin price
is going down today and present a BTC price prediction indicating a drop to
just $74,000.
Follow me on X for
more up-to-date analysis and forecasts on major cryptocurrencies and other
financial instruments.
The
formation of the dreaded death cross pattern has accelerated Bitcoin’s descent,
confirming a shift in technical momentum. This bearish signal occurs when the
50-day exponential moving average (EMA) crosses below the 200-day EMA,
typically indicating sustained downward pressure.
“Bitcoin
fell below $90,000 for the first time in seven months, influenced by factors
such as uncertainty around potential US interest rate cuts, broader negative
equity market sentiment, and large holders reducing their positions,” said
Ashish Singhal, Co-founder of CoinSwitch.
My
technical analysis shows that this death cross formation triggered the rapid
achievement of the
first target zone at $92,000-$94,000, which corresponds to the 61.8%
Fibonacci retracement level and aligns with May’s lows. The price broke through
this critical support faster than anticipated, validating the bearish
structure.
BTC Price Critical
Technical Levels
|
Support/Resistance Level |
Price Zone |
Technical Significance |
|
Current Price |
$89,426-$90,100 |
Lowest since April 2025 |
|
First Support |
$88,750-$89,500 |
Immediate stabilization zone |
|
Major Support Target |
$74,000-$76,000 |
161.8% Fibonacci extension + April lows |
|
Key Resistance |
$92,000-$94,000 |
Former |
|
Upper Resistance |
$95,000-$100,000 |
Psychological levels requiring reclaim |
The current
price action suggests a clear break below the $92,000-$94,000 zone, which now
acts as resistance following the principle of pole reversal. Waiting for
candlestick confirmation that this zone has become new resistance opens a
direct path toward my ultimate the bearish target of $74,000-$76,000, which
aligns with the 161.8% Fibonacci extension and April’s lows.
How low can Bitcoin go? According to my technical analysis, to $74K. Source: Tradingview.com
Main Reasons Why BTC Is
Going Down Today
Record ETF Outflows Fuel
Selling Pressure
Bitcoin
exchange -traded funds have experienced unprecedented outflows, amplifying
downward pressure on prices. BlackRock’s IBIT recorded a staggering $1.26
billion in net outflows this month alone, with its assets under management
dropping from nearly $100 billion earlier in November to approximately $74
billion.
“Last week we saw $1.1 billion in net
outflows from Bitcoin ETFs following the traditional market sell-offs. Thursday
13th November marked the second-largest daily outflow since the ETFs launched,
with a staggering $866 million outflow,” explained Danny Scott, CEO of
CoinCorner.
Key Drivers Behind
Bitcoin’s Crash
- Federal Reserve hawkish stance: Fading odds of a
December rate cut, with probability dropping 44 percentage points since
October peak - Death cross technical breakdown: 50 EMA crossing below
200 EMA confirms bearish momentum shift - Massive institutional outflows: $1.26B from BlackRock
IBIT alone, $1.2B total ETF outflows weekly - Long-term holder profit-taking: Pre-2023 buyers cashing
out 200%+ gains after reaching targets - Leveraged position liquidations: $116.8M in Bitcoin
liquidations over 24 hours, $95.3M from long positions - Traditional market contagion: Tech sector weakness and
equity market pullback spilling into crypto
Federal Reserve Policy
Pivot Pressures Risk Assets
The Federal
Reserve’s increasingly hawkish messaging has emerged as a primary catalyst
behind Bitcoin’s decline. Market expectations for a December 2025 rate cut have
deteriorated significantly, with probability dropping from previous highs as
Fed officials emphasize inflation concerns and liquidity controls.
The
upcoming Federal Reserve minutes scheduled for Wednesday will provide crucial
insights into the central bank’s December meeting plans, with traders closely
monitoring for any signals regarding monetary policy direction. Higher Treasury
yields and a strengthening dollar have increased opportunity costs for holding
non-yielding assets like Bitcoin, compounding selling pressure across
cryptocurrency markets.
Paul
Howard, Director at Wincent, offered perspective on the on-chain dynamics:
“On-chain data points to sellers who have been accumulating BTC pre 2023.
Those buyers are up >200%. So what we can see is when we ‘zoom out’, those
holding long term are the biggest benefactors. As a liquid (risk) asset,
cryptocurrencies are a forebearer to general tech risk sentiment so is this
decline caused by broader Tech sentiment or just a hallmark of crypto
volatility?”
Bitcoin Price Prediction:
Path to $74K-76K Support Zone
Based on my
technical analysis, Bitcoin’s break below the critical $92,000-$94,000 support
zone has opened a clear path toward the next major support level at
$74,000-$76,000. This target zone represents the 161.8% Fibonacci extension and
coincides with April 2025 lows, making it a high-probability area for
significant buying interest.
“We’ve
now dipped below $93K, making the next market moves critical,” said Joel
Kruger, crypto strategist at LMAX. “However, based on the cloud structure, a
confirmed downtrend would only be established on a sustained break below $80K.
History has shown us that while Bitcoin’s pullbacks can be sharp, they often
present compelling buying opportunities.”
Expert Price Predictions Comparison
|
Source/Analyst |
Timeframe |
Price Target |
Scenario |
|
Joel Kruger (LMAX) |
Short-term |
$80,000 |
Downtrend confirmation level |
|
My Technical Analysis |
Near-term |
$74,000-$76,000 |
Major support/accumulation zone |
|
Edul Patel (Mudrex) |
Immediate |
$85,000-$93,000 |
Current trading range |
|
DailyForex |
1-2 days |
$88,750 |
Bearish target |
|
InvestingHaven |
Q4 2025 |
$77,000-$155,000 |
Wide range scenario |
|
CoinCodex |
December 2025 |
$132,200 |
Recovery scenario |
“From
a technical angle, both Bitcoin and ETH are becoming increasingly appealing on
this dip. Daily charts show both nearing oversold conditions and approaching
key support areas that could serve as a springboard for renewed upside,”
Kruger explained.
When it comes to Ethereum price, you can read my ETH
prediction here, where I explain why the cryptocurrency may fall to as low as
$1,370.
At the
$74,000-$76,000 zone, I plan to accumulate Bitcoin positions, anticipating a
stronger bounce and eventual return to uptrend momentum toward new all-time
highs at the transition between 2025 and 2026.
Bitcoin Price Analysis, Frequently
Asked Questions
Why is Bitcoin falling
today?
Bitcoin is
falling due to multiple factors including the death cross technical formation
(50 EMA crossing below 200 EMA), record $1.26 billion Bitcoin ETF outflows from
institutions, fading Federal Reserve rate cut expectations for December,
long-term holders taking profits after 200%+ gains, and broader traditional
market weakness spilling into cryptocurrency markets.
How low can Bitcoin go?
Technical
analysis suggests Bitcoin could decline to the $74,000-$76,000 support zone,
which represents the 161.8% Fibonacci extension level and aligns with April
2025 lows. A sustained break below $80,000 would confirm a deeper downtrend
according to crypto strategist Joel Kruger, while immediate support exists at
$88,750-$89,500.
What is Bitcoin price
prediction for 2025-2026?
Price
predictions vary widely depending on timeframe and scenario. Near-term bearish
targets range from $74,000-$88,750, while recovery scenarios forecast
$93,000-$132,200 by December 2025. Longer-term bullish projections extend to
$150,000-$200,000 for late 2025/early 2026, contingent on reclaiming bullish
momentum and favorable macro conditions.
Is Bitcoin in a bear
market?
Yes, Bitcoin
officially entered bear market territory last week, having declined more than
20% from its October peak of $126,275. The cryptocurrency is now down 28% from
that high and has wiped out all 2025 gains, trading at levels last seen in
April. However, the typical Bitcoin bear market downturn averages -30.8%,
suggesting the current drop remains within historical norms.
Should I buy Bitcoin now?
No.
However, this is a personal decision based on individual risk tolerance and
investment goals. Risk remain including potential further declines to
$74,000-$80,000, continued ETF outflows, and macro headwinds from Federal
Reserve policy. Experts suggest current levels may present accumulation
opportunities for long-term holders with appropriate risk management.
Will Bitcoin recover?
Yes. While
short-term volatility remains elevated, several factors support eventual
recovery: Bitcoin fundamentals remain intact with expanding merchant adoption
(4 million Square merchants now accepting BTC), institutional players like
Strategy continue accumulating, oversold technical conditions often precede
rebounds, and historical patterns show pullbacks frequently create buying
opportunities. However, recovery timing depends on Federal Reserve policy
direction, ETF flow reversal, and broader market stability.
Bitcoin (BTC) price has
plunged to $89,426 today (Tuesday), November 18, 2025, marking its lowest level
since April and wiping out all gains made since the start of the year.
The world’s
largest cryptocurrency has crashed 28% from its record high of $126,275 reached
in October, erasing approximately $600 billion in market capitalization. Over
the past eight trading sessions, Bitcoin declined on seven occasions, with only
one positive day, falling from local peaks at $107,500 on November 11 to
intraday lows at $89,253.
In this article, I look for answers why bitcoin price
is going down today and present a BTC price prediction indicating a drop to
just $74,000.
Follow me on X for
more up-to-date analysis and forecasts on major cryptocurrencies and other
financial instruments.
The
formation of the dreaded death cross pattern has accelerated Bitcoin’s descent,
confirming a shift in technical momentum. This bearish signal occurs when the
50-day exponential moving average (EMA) crosses below the 200-day EMA,
typically indicating sustained downward pressure.
“Bitcoin
fell below $90,000 for the first time in seven months, influenced by factors
such as uncertainty around potential US interest rate cuts, broader negative
equity market sentiment, and large holders reducing their positions,” said
Ashish Singhal, Co-founder of CoinSwitch.
My
technical analysis shows that this death cross formation triggered the rapid
achievement of the
first target zone at $92,000-$94,000, which corresponds to the 61.8%
Fibonacci retracement level and aligns with May’s lows. The price broke through
this critical support faster than anticipated, validating the bearish
structure.
BTC Price Critical
Technical Levels
|
Support/Resistance Level |
Price Zone |
Technical Significance |
|
Current Price |
$89,426-$90,100 |
Lowest since April 2025 |
|
First Support |
$88,750-$89,500 |
Immediate stabilization zone |
|
Major Support Target |
$74,000-$76,000 |
161.8% Fibonacci extension + April lows |
|
Key Resistance |
$92,000-$94,000 |
Former |
|
Upper Resistance |
$95,000-$100,000 |
Psychological levels requiring reclaim |
The current
price action suggests a clear break below the $92,000-$94,000 zone, which now
acts as resistance following the principle of pole reversal. Waiting for
candlestick confirmation that this zone has become new resistance opens a
direct path toward my ultimate the bearish target of $74,000-$76,000, which
aligns with the 161.8% Fibonacci extension and April’s lows.
How low can Bitcoin go? According to my technical analysis, to $74K. Source: Tradingview.com
Main Reasons Why BTC Is
Going Down Today
Record ETF Outflows Fuel
Selling Pressure
Bitcoin
exchange -traded funds have experienced unprecedented outflows, amplifying
downward pressure on prices. BlackRock’s IBIT recorded a staggering $1.26
billion in net outflows this month alone, with its assets under management
dropping from nearly $100 billion earlier in November to approximately $74
billion.
“Last week we saw $1.1 billion in net
outflows from Bitcoin ETFs following the traditional market sell-offs. Thursday
13th November marked the second-largest daily outflow since the ETFs launched,
with a staggering $866 million outflow,” explained Danny Scott, CEO of
CoinCorner.
Key Drivers Behind
Bitcoin’s Crash
- Federal Reserve hawkish stance: Fading odds of a
December rate cut, with probability dropping 44 percentage points since
October peak - Death cross technical breakdown: 50 EMA crossing below
200 EMA confirms bearish momentum shift - Massive institutional outflows: $1.26B from BlackRock
IBIT alone, $1.2B total ETF outflows weekly - Long-term holder profit-taking: Pre-2023 buyers cashing
out 200%+ gains after reaching targets - Leveraged position liquidations: $116.8M in Bitcoin
liquidations over 24 hours, $95.3M from long positions - Traditional market contagion: Tech sector weakness and
equity market pullback spilling into crypto
Federal Reserve Policy
Pivot Pressures Risk Assets
The Federal
Reserve’s increasingly hawkish messaging has emerged as a primary catalyst
behind Bitcoin’s decline. Market expectations for a December 2025 rate cut have
deteriorated significantly, with probability dropping from previous highs as
Fed officials emphasize inflation concerns and liquidity controls.
The
upcoming Federal Reserve minutes scheduled for Wednesday will provide crucial
insights into the central bank’s December meeting plans, with traders closely
monitoring for any signals regarding monetary policy direction. Higher Treasury
yields and a strengthening dollar have increased opportunity costs for holding
non-yielding assets like Bitcoin, compounding selling pressure across
cryptocurrency markets.
Paul
Howard, Director at Wincent, offered perspective on the on-chain dynamics:
“On-chain data points to sellers who have been accumulating BTC pre 2023.
Those buyers are up >200%. So what we can see is when we ‘zoom out’, those
holding long term are the biggest benefactors. As a liquid (risk) asset,
cryptocurrencies are a forebearer to general tech risk sentiment so is this
decline caused by broader Tech sentiment or just a hallmark of crypto
volatility?”
Bitcoin Price Prediction:
Path to $74K-76K Support Zone
Based on my
technical analysis, Bitcoin’s break below the critical $92,000-$94,000 support
zone has opened a clear path toward the next major support level at
$74,000-$76,000. This target zone represents the 161.8% Fibonacci extension and
coincides with April 2025 lows, making it a high-probability area for
significant buying interest.
“We’ve
now dipped below $93K, making the next market moves critical,” said Joel
Kruger, crypto strategist at LMAX. “However, based on the cloud structure, a
confirmed downtrend would only be established on a sustained break below $80K.
History has shown us that while Bitcoin’s pullbacks can be sharp, they often
present compelling buying opportunities.”
Expert Price Predictions Comparison
|
Source/Analyst |
Timeframe |
Price Target |
Scenario |
|
Joel Kruger (LMAX) |
Short-term |
$80,000 |
Downtrend confirmation level |
|
My Technical Analysis |
Near-term |
$74,000-$76,000 |
Major support/accumulation zone |
|
Edul Patel (Mudrex) |
Immediate |
$85,000-$93,000 |
Current trading range |
|
DailyForex |
1-2 days |
$88,750 |
Bearish target |
|
InvestingHaven |
Q4 2025 |
$77,000-$155,000 |
Wide range scenario |
|
CoinCodex |
December 2025 |
$132,200 |
Recovery scenario |
“From
a technical angle, both Bitcoin and ETH are becoming increasingly appealing on
this dip. Daily charts show both nearing oversold conditions and approaching
key support areas that could serve as a springboard for renewed upside,”
Kruger explained.
When it comes to Ethereum price, you can read my ETH
prediction here, where I explain why the cryptocurrency may fall to as low as
$1,370.
At the
$74,000-$76,000 zone, I plan to accumulate Bitcoin positions, anticipating a
stronger bounce and eventual return to uptrend momentum toward new all-time
highs at the transition between 2025 and 2026.
Bitcoin Price Analysis, Frequently
Asked Questions
Why is Bitcoin falling
today?
Bitcoin is
falling due to multiple factors including the death cross technical formation
(50 EMA crossing below 200 EMA), record $1.26 billion Bitcoin ETF outflows from
institutions, fading Federal Reserve rate cut expectations for December,
long-term holders taking profits after 200%+ gains, and broader traditional
market weakness spilling into cryptocurrency markets.
How low can Bitcoin go?
Technical
analysis suggests Bitcoin could decline to the $74,000-$76,000 support zone,
which represents the 161.8% Fibonacci extension level and aligns with April
2025 lows. A sustained break below $80,000 would confirm a deeper downtrend
according to crypto strategist Joel Kruger, while immediate support exists at
$88,750-$89,500.
What is Bitcoin price
prediction for 2025-2026?
Price
predictions vary widely depending on timeframe and scenario. Near-term bearish
targets range from $74,000-$88,750, while recovery scenarios forecast
$93,000-$132,200 by December 2025. Longer-term bullish projections extend to
$150,000-$200,000 for late 2025/early 2026, contingent on reclaiming bullish
momentum and favorable macro conditions.
Is Bitcoin in a bear
market?
Yes, Bitcoin
officially entered bear market territory last week, having declined more than
20% from its October peak of $126,275. The cryptocurrency is now down 28% from
that high and has wiped out all 2025 gains, trading at levels last seen in
April. However, the typical Bitcoin bear market downturn averages -30.8%,
suggesting the current drop remains within historical norms.
Should I buy Bitcoin now?
No.
However, this is a personal decision based on individual risk tolerance and
investment goals. Risk remain including potential further declines to
$74,000-$80,000, continued ETF outflows, and macro headwinds from Federal
Reserve policy. Experts suggest current levels may present accumulation
opportunities for long-term holders with appropriate risk management.
Will Bitcoin recover?
Yes. While
short-term volatility remains elevated, several factors support eventual
recovery: Bitcoin fundamentals remain intact with expanding merchant adoption
(4 million Square merchants now accepting BTC), institutional players like
Strategy continue accumulating, oversold technical conditions often precede
rebounds, and historical patterns show pullbacks frequently create buying
opportunities. However, recovery timing depends on Federal Reserve policy
direction, ETF flow reversal, and broader market stability.
