Bitcoin Price Analysis: BTC Slips Below $100,000 As Liquidations Soar
Bitcoin (BTC) crashed to a four-month low as it plummeted below $100,000, as sellers overwhelmed buyers, and spot Bitcoin ETFs registered a sharp jump in outflows.
Bitcoin has lost momentum over the past few sessions, with analysts stating that more optimistic forecasts for the flagship cryptocurrency may not materialize.
Analysts Temper Bitcoin Price Expectations
Analysts have poured cold water over optimistic Bitcoin price predictions, stating that such predictions may not materialize. ShapeShift analyst Houston Morgan stated,
“We don’t expect crypto to go any higher than $125K USD in 2025.”
According to Morgan, Bitcoin must untether itself from its current correlation with announcements by President Trump before another bull run can occur. Morgan’s comments came as Bitcoin’s selloff intensified on Tuesday, pushing the flagship cryptocurrency below $100,000. Meanwhile, Bitfinex analysts highlighted signs of broader market exhaustion, stating,
“This sustained outflow aligns with the broader signs of exhaustion visible across the market, as long-term holders continue to offload into declining demand.”
The analysts warned that if BTC does not rebound to $116,000, it could witness further downside.
“Unless the price recovers decisively above this range, time becomes a growing headwind for bulls, as prolonged stagnation historically erodes sentiment and increases the risk of forced distribution.”
Bitcoin (BTC) Price Could Bottom Soon
Bitcoin (BTC) briefly slipped below $100,000, its lowest level since June, sparking fears that another crypto winter is on the horizon. However, Bitwise CIO Matt Hougan attempted to calm market jitters, stating that while retail investors are desperate, he sees that desperation as the reason prices could be on the verge of bottoming out. Hougan highlighted institutional interest and growth in crypto ETFs as key catalysts for an eventual recovery.
“It’s almost a tale of two markets. Crypto retail is in maximum desperation. We’ve seen leverage blowouts. The market for sort of crypto native retail is just more depressed than I’ve ever seen it. When I go out and speak to institutions or financial advisors, they’re still excited to allocate to an asset class that, if you pan back and look over the course of a year, is still delivering very strong returns. So my view of the market is we have to get through this retail flush out. We have to hit bottom from a sentiment perspective. I think we’re very close to that.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) plunged below $100,000 on Tuesday and faced renewed selling pressure on Wednesday, falling to a low of $98,950 before recovering. The flagship cryptocurrency started the week in the red, dropping nearly 4% on Monday. Selling pressure intensified on Tuesday as it slipped below $100,000, falling to a low of $98,892 before reclaiming $100,000 and settling at $101,468. BTC is marginally up during the ongoing session, trading around $102,462.
The flagship cryptocurrency fell below $100,000 for the first time since June 2025, officially entering bear market territory after the crypto market lost over $1 trillion in market capitalization. The sharp downturn, largely driven by unprecedented leverage levels, liquidated 300,000 traders daily, despite crypto adoption and deregulation continuing. Analysts have stated that the selloff can be traced back to heightened leverage, amplifying market swings.
BTC’s drop came amid substantial ETF outflows and a sharp jump in liquidations. Liquidations reached $1.4 billion on November 4, with long positions worth $1.1 billion wiped out. Additionally, the Dollar’s rise to a four-month high against the Euro has also impacted investor sentiment. A stronger Dollar often brings a “risk-off” sentiment as investors pivot to traditional assets like US Treasuries and the Dollar itself. Furthermore, uncertainty around more Federal Reserve rate cuts has reduced investment in assets like BTC.
According to Lacie Zhang, markets may be entering a "recalibration phase” after a volatile October. However, Zhang did not rule out further gains.
“Market data and technical signals suggest Bitcoin may trade within a $94,000–$118,000 range in the near term. The lower bound represents a healthy retracement zone consistent with subdued ETF inflows.”
BTC started the previous weekend on a bullish note, rising 0.84% on Friday and 0.56% on Saturday to settle at $111,666. Bullish sentiment intensified on Sunday as the flagship cryptocurrency rose nearly 3% to cross $114,000 and settle at $114,548. BTC reached an intraday high of $116,410 on Monday. However, it lost momentum after reaching this level and settled at $114,087, ultimately dropping 0.40%. Selling pressure and volatility persisted on Tuesday as the price fell 1.03% to $112,906. Bearish sentiment intensified on Wednesday as BTC fell 2.55% and settled at $110.032.
Source: TradingView
Volatility and selling pressure persisted on Thursday as BTC reached an intraday high of $111,629, fell to an intraday low of $106,279, and settled at $108,308. Despite the overwhelming selling pressure, BTC returned to positive territory on Friday, rising 1.15% and settling at $108,555. Price action remained positive over the weekend, with BTC increasing 0.45% on Saturday and 0.44% on Sunday to settle at $110,536. Bearish sentiment intensified on Monday as BTC fell nearly 4% and settled at $106,557. Selling pressure intensified on Tuesday as the flagship cryptocurrency slipped below $100,000, falling to a low of $98,892 before settling at $101,468. BTC is attempting to recover during the ongoing session, with the price up over 1% at $102,736.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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