- Bitcoin price outlook after BTC broke below the 50-week moving average.
- Although this may present a buying opportunity, bulls risk another pullback and a revisit of levels below $90,000.
- A flip of $95,000 into key support could enable a bullish retest of the recent highs above $104,504.
Bitcoin is hovering near $94,900 after a recent drop that allowed bears to breach a long-standing technical support level.
While most analysts remain broadly optimistic, the pullback has triggered widespread selling pressure, leaving the leading digital asset exposed to further correction.
The decline has also presented opportunities for larger holders to accumulate BTC at lower prices.
Michael Saylor’s Strategy recently disclosed a purchase of 8,178 BTC for roughly $835.6 million, bringing the firm’s total holdings to 649,870 BTC acquired for about $48.37 billion.
Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9
— Michael Saylor (@saylor) November 17, 2025
Institutional inflows, however, have slowed, and macroeconomic uncertainty persists.
The key question now is whether the recent drop is a buying reset for bulls or the start of a deeper decline.
Bitcoin tests the $92,000 lows amid technical breakdown
Bitcoin (BTC) has broken below the 50-week exponential moving average (EMA), currently near $100,506.
This moving average, calculated from weekly closing prices over the past 50 weeks, has historically acted as a reliable floor for BTC.
The break raises the possibility of a weekly close beneath the 50-EMA on the weekly chart for the first time since September 2023.
Billions of dollars in leveraged liquidations last week and consecutive weekly outflows from spot Bitcoin exchange-traded funds helped bears strengthen their push under $100,000.
At the time of writing, BTC is probing the $92,000–$95,000 zone—an area bulls must defend to avoid further declines.
The asset is trading around $93,509.
What’s next for BTC price?
With the 50-week EMA now acting as overhead resistance, Bitcoin’s outlook depends on the integrity of its multi-year uptrend line, which has held since 2023.
What are analysts saying about the price action?
“A 27% drop in BTC from the ATH wiped out almost all 2025 gains, and a weekly close below $100k combined with a breach of the 50W MA confirms a cautious tone,” said analysts at QCP.
Bitcoin now faces the risk of breaking below its trendline support.
Weekly RSI and MACD point to weakening momentum: the RSI sits near 40 and is sloping down, while the MACD’s histogram has expanded in negative territory after a bearish crossover.
Daily RSI readings also indicate the market is not yet in oversold territory.
That means a sharp reversal is possible, but it also leaves room for further downside.
Under this scenario, BTC could see a significant drop and potentially retest lows around $90,000–$85,000.
The next support buffer could sit near the $78,000–$71,000 region.
Conversely, a bullish pivot could occur if sellers exhaust near the trendline.
Notably, the share of short-term holders in loss has reached levels last seen during the 2022 FTX collapse.
Analysts view that setup as a potential buying opportunity for long-term oriented investors.
JUST IN: #Bitcoin STH Supply in Loss metric hits highest level since the FTX crash
Buying opportunity 🔥 pic.twitter.com/VYMQGCI18B
— Bitcoin Archive (@BitcoinArchive) November 17, 2025
Reclaiming $95,000 as new support—supported by institutional purchases like Saylor’s Strategy—could open a retest of the recent highs above the 50-week EMA.
The first major resistance above that level is around $104,504. Bullish catalysts would include renewed ETF inflows, Fed rate cuts or dovish commentary, among other factors.