- Bitcoin price outlook after BTC breaks below the 50-week moving average.
- Although this presents a buying opportunity, bulls risk another pullback and a revisit of levels below $90,000.
- A flip of $95,000 into key support could allow bullish retests of highs above $104,504.
Bitcoin is trading near $94,900 after a recent drop allowed bears to push below a long-standing technical support level.
While analysts remain broadly optimistic, the decline triggered broad selling pressure and the flagship digital asset faces the risk of further correction.
Notably, the sell-off continues to offer whales a chance to accumulate BTC at cheaper prices.
Michael Saylor’s strategy announced a new purchase of 8,178 BTC for about $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
Institutional inflows, however, remain subdued and macroeconomic volatility persists.
The key question is whether the latest dip offers bulls a buying reset or signals the start of a deeper decline.
Bitcoin tests $92,000 lows amid technical breakdown
Bitcoin (BTC) has bounced from the 50-week EMA (currently around $100,506).
This moving average, calculated as the exponential average of weekly closing prices over the past 50 weeks, has historically acted as a reliable floor for BTC.
The break implies Bitcoin risks printing a weekly close below the 50-EMA on the weekly chart for the first time since September 2023.
Last week’s billions of dollars in leveraged liquidations and consistent weekly outflows from spot Bitcoin exchange-traded funds (ETFs) helped bears intensify pressure on the $100,000 area.
At the time of writing, BTC was probing the $92,000–$95,000 zone — an area bulls must defend to prevent further declines.
The benchmark digital asset was changing hands at roughly $93,509.
What’s next for BTC price?
With the 50-week EMA now reconfigured as resistance to overhead buyers, Bitcoin’s outlook depends on the integrity of the multi-year ascending trendline that has provided support since 2023.
What do analysts say about price action?
“A 27% drawdown from ATHs wiped out nearly all 2025 gains, with a weekly close below $100k and a breach of the 50-week MA confirming a cautious tone,” analysts at QCP noted.
Bitcoin now risks breaking below the trendline support.
Weekly RSI and MACD indicate weakness: RSI sits near 40 and declining, while MACD shows strengthening negative histogram after a bearish crossover.
Bitcoin price chart from TradingView
Daily timeframe RSI also suggests prices are not yet in oversold territory.
While that leaves room for a sharp bullish reversal, it also gives bears space to push lower.
In that scenario, BTC could face meaningful weakness and potentially revisit lows around $90,000–$85,000.
The next buffer could lie in the $78,000–$71,000 range.
Conversely, a bullish reversal could occur if selling exhausts near the trendline.
Notably, short-term holder supply in loss recently reached levels last seen during the 2022 FTX crash.
Analysts argue this could represent 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
A return of $95,000 as initial support, aided by accumulations like Saylor’s strategy, could unlock retests of recent highs above the 50-week EMA.
The first notable resistance above that level could be near $104,504. Bullish catalysts would include renewed inflows into spot ETFs, easing Fed rates, and dovish policy rhetoric.