- Bitcoin price outlook after BTC fell below the 50-week moving average
- Although the drop presents a buying opportunity, the bulls risk a further pullback to levels below $90,000
- Flipping $95,000 into support could enable another test of the recent highs above $104,504
Bitcoin is trading near $94,900 after the latest sell-off pushed the benchmark cryptocurrency below a long-standing technical support.
While most analysts remain bullish, the decline has triggered broad selling pressure and left the asset exposed to further retracement.
Notably, the pullback has also created buying opportunities for whales to accumulate BTC at lower prices.
Michael Saylor’s strategy announced a fresh purchase of 8,178 BTC for about $835.6 million, bringing the company’s total holdings to 649,870 BTC acquired for roughly $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
However, institutional inflows remain uneven and macroeconomic uncertainty persists.
The key question now is whether this recent decline represents a healthy bull-market reset or the start of a deeper correction.
Bitcoin tests around $92,000 as technical breakdown unfolds
Bitcoin (BTC) has slipped below the 50-week exponential moving average (EMA), currently near $100,506.
This EMA is the exponential average of weekly closing prices over the past 50 weeks and has historically acted as reliable support for BTC.
The breakdown means Bitcoin now risks closing a weekly candle below the 50-week EMA for the first time since September 2023.
Mass liquidations of leveraged positions worth billions in the past week, alongside consecutive weekly outflows from spot Bitcoin exchange-traded funds (ETFs), have strengthened the bearish pressure around the $100,000 area.
At the time of writing, BTC is probing the $92,000–$95,000 zone — the range bulls must hold to avoid another leg down.
The digital asset is changing hands at roughly $93,509.
What could BTC’s next moves look like?
With the 50-week EMA now acting as resistance overhead, Bitcoin’s near-term trajectory depends on the integrity of the multi-year uptrend line that has provided support since 2023.
What are analysts saying about the price action?
“A 27% drawdown for BTC from its ATH wipes out most of 2025’s gains. A weekly close below $100,000 and the breach of the 50W MA confirms a cautious tone,” said analysts at QCP.
Bitcoin now faces the risk of breaking below the trendline support.
Weekly RSI and MACD point to weakness: RSI sits near 40 and trending down, while MACD’s histogram remains negative after a bearish crossover.
Price chartBitcoin by TradingView
Daily RSI also indicates the market is not yet deeply oversold.
That means a quick bull rebound is possible, but it also leaves room for further downside.
In a downside scenario, BTC could weaken significantly and revisit lows around $90,000–$85,000.
Additional support might be found in the $78,000–$71,000 area.
Conversely, a bullish rotation could occur if sellers exhaust themselves near the trendline.
Short-term holder supply in loss has climbed to levels last seen in 2022 during the FTX collapse, a metric some analysts view as a buying opportunity.
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
Re-establishing $95,000 as new support, possibly through large purchases like Saylor’s, could unlock another test of recent highs above the 50-week EMA.
The first major resistance above that level sits near $104,504, and renewed inflows into trading products would accelerate any bullish move.