- Bitcoin price outlook after BTC breaks below its 50-week moving average.
- While the drop presents a buying opportunity, bulls risk further retracement back to levels below $90,000.
- Turning $95,000 into solid support could allow bulls to re-test highs above $104,504.
Bitcoin is trading near $94,900 after a recent sell-off allowed bears to push the price below a long-standing technical support level.
Although many analysts remain broadly bullish, the decline triggered heavy selling pressure and raises the prospect of further correction for the flagship digital asset.
Notably, the pullback continues to provide whales with an opportunity to accumulate BTC at cheaper prices.
Michael Saylor’s Strategy announced the acquisition of 8,178 BTC for approximately $835.6 million, bringing the firm’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
Despite institutional inflows, macroeconomic uncertainty remains a restraint on the market.
The key question now is whether the recent slide is a reset that offers bulls a buying opportunity or the start of a deeper downturn.
Bitcoin price probes $92,000 lows amid technical breakdown
Bitcoin (BTC) has broken below its 50-week exponential moving average (EMA), which currently sits around $100,506.
This moving average—calculated from the exponential average of weekly closing prices over the last 50 weeks—has historically acted as reliable support for BTC.
The break means Bitcoin risks printing a weekly close below the 50-week EMA on the weekly chart for the first time since September 2023.
Billions of dollars in leveraged liquidations last week, together with consecutive weekly outflows from spot Bitcoin exchange-traded funds (ETFs), helped bears reinforce their attack on the $100,000 area.
At the time of writing, BTC was probing the $92,000–$95,000 zone, a range bulls must defend to prevent further declines.
The benchmark crypto last changed hands at approximately $93,509.
What’s next for BTC’s price?
With the 50-week EMA now turned into resistance, Bitcoin’s outlook hinges on the integrity of the multi-year ascending trendline that has provided support since 2023.
What are analysts saying about price action?
“A 27% drawdown from BTC’s all-time high erased nearly all gains from 2025, with a weekly close below $100,000 and a break of the 50W MA confirming a cautious tone,” analysts at QCP noted.
Bitcoin now faces the risk of breaking below the trendline support.
Weekly RSI and MACD signal weakness: the weekly RSI sits near 40 and is declining, while the MACD histogram strengthens in negative territory following a bearish crossover.
Price chart of Bitcoin from TradingView
Daily RSI also indicates the price is not yet in oversold territory.
While this leaves room for a sharp bullish reversal, it equally gives bears space to extend the move lower.
In a downside scenario, BTC could experience significant weakness and revisit lows near $90,000 to $85,000.
Further downside could reach the $78,000 to $71,000 area.
However, a bullish pivot remains possible if sellers become exhausted near the trendline.
Short-term supply held by Bitcoin holders in loss has climbed to levels last seen during the 2022 FTX collapse, which 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
Reclaiming $95,000 as a nascent support level—bolstered by buying flows like Saylor’s strategy—could pave the way for a retest of recent highs above the 50-week EMA.
The first major resistance beyond that level sits near $104,504. Bullish catalysts that could help lift Bitcoin include fresh ETF inflows, a cut in Fed rates, and dovish central bank language.