{"id":63061,"date":"2025-11-17T14:44:19","date_gmt":"2025-11-17T14:44:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-hovers-near-93k-risks-further-correction\/"},"modified":"2025-11-17T14:44:19","modified_gmt":"2025-11-17T14:44:19","slug":"bitcoin-price-hovers-near-93k-risks-further-correction","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-hovers-near-93k-risks-further-correction\/","title":{"rendered":"Bitcoin price hovers near $93k, risks further correction"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/bitcoin-price-bearish-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/bitcoin-price-bearish-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/bitcoin-price-bearish-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/bitcoin-price-bearish-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price outlook after BTC breaks below the 50-week moving average.<\/li>\n<li>While it\u2019s a buy opportunity, bulls risk seeing another pullback and a revisit of sub-$90k levels.<\/li>\n<li>A flip of $95,000 into key support could allow for bullish retests of highs above $104,504.<\/li>\n<\/ul>\n<p>Bitcoin\u2019s price hovers near $94,900 after its latest plunge allowed bears to break below a longstanding technical support.<\/p>\n<p>While analysts remain largely bullish, the dip has ignited widespread selling pressure, with the flagship digital asset at risk of further correction.<\/p>\n<p>Notably, the dip continues to offer whales an opportunity to scoop BTC on the cheap.<\/p>\n<p>Michael Saylor\u2019s Strategy announced a fresh acquisition of 8,178 BTC for $835.6 million, with the haul bringing the company\u2019s total holdings to 649,870 BTC acquired for $48.37 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11\/16\/2025, we hodl 649,870 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$48.37 billion at ~$74,433 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRD<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRE<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRF&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRF<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRK<\/a> <a href=\"https:\/\/t.co\/HI1TeYOvQ9\">https:\/\/t.co\/HI1TeYOvQ9<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1990411134009061658?ref_src=twsrc%5Etfw\">November 17, 2025<\/a><\/p>\n<\/blockquote>\n<p>Yet, institutional inflows continue hitting the brakes, and macroeconomic jitters persist.<\/p>\n<p>The key question, therefore, is whether the latest dip offers bulls an opportunity for a reset or signals the onset of a deeper decline.<\/p>\n<h2>Bitcoin price tests $92k low amid technical breakdown<\/h2>\n<p>Bitcoin (BTC) has broken down from the 50-week EMA (currently at $100,506).<\/p>\n<p>This moving average, calculated as an exponential average of weekly closing prices over the past 50 weeks, has historically acted as a reliable floor for BTC.<\/p>\n<p>The breakdown means Bitcoin risks printing a weekly close below the 50-EMA on the weekly chart for the first time since September 2023.<\/p>\n<p>Billions of dollars in leveraged liquidations this past week and consecutive weekly outflows from spot Bitcoin exchange-traded funds (ETFs) helped bears strengthen the assault on $100,000.<\/p>\n<p>As of writing, BTC price probed the $92,000\u2013$95,000 zone, an area bulls must hold to prevent fresh declines.<\/p>\n<p>The benchmark digital asset changed hands for around $93,509.<\/p>\n<h2>What\u2019s next for the BTC price?<\/h2>\n<p>With the 50-week EMA now repurposed as overhead resistance, Bitcoin\u2019s outlook hinges on the integrity of a multi-year ascending trendline. The support has held since 2023.<\/p>\n<p>What do analysts say about the price action?<\/p>\n<p><span style=\"font-weight: 400;\">\u201cBTC\u2019s 27% slide from ATHs erased nearly all 2025 gains, with a weekly close below $100k and the 50W MA breach confirming a cautious tone,\u201d QCP analysts <a href=\"https:\/\/x.com\/QCPgroup\/status\/1990346245144240349\" target=\"_blank\" rel=\"noopener\">noted<\/a>.<\/span><\/p>\n<p>Bitcoin price now risks breaking below the trendline support.<\/p>\n<p>Weekly RSI and MACD show weakness, with RSI at 40 and downsloping and MACD having the histogram strengthening in negative territory after a bearish crossover.<\/p>\n<figure id=\"attachment_348440\" aria-describedby=\"caption-attachment-348440\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-348440\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/11\/bitcoin-price-chart.png\" alt=\"Bitcoin Price Chart\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-348440\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>The RSI on the daily time frame also shows the price is not in oversold territory yet.<\/p>\n<p>While it means bulls could see a sharp reversal, it does leave room for bears.<\/p>\n<p>In this case, BTC could face major weakness and allow for a potential revisit of lows around $90,000-$85,000.<\/p>\n<p>The next buffer could be around the $78,000-$71,000 region.<\/p>\n<p>However, a bullish pivot could materialise if sellers exhaust near the trendline.<\/p>\n<p>Notably, Bitcoin\u2019s short-term holder supply in loss has hit levels last seen in 2022 during the FTX crash.<\/p>\n<p>But analysts say this could be a buying opportunity.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> STH Supply in Loss metric hits highest level since the FTX crash<\/p>\n<p>Buying opportunity \ud83d\udd25 <a href=\"https:\/\/t.co\/VYMQGCI18B\">pic.twitter.com\/VYMQGCI18B<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BitcoinArchive) <a href=\"https:\/\/twitter.com\/BitcoinArchive\/status\/1990410221965975904?ref_src=twsrc%5Etfw\">November 17, 2025<\/a><\/p>\n<\/blockquote>\n<p>A reclaim of $95,000 as nascent support, with moves such as those of Saylor\u2019s Strategy, could unlock retests of recent highs above the 50 EMA.<\/p>\n<p>The first key hurdle above this mark could be around $104,504. Bullish catalysts will include fresh exchange-traded funds inflows, Fed rate cut and dovish rhetoric, among others.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-hovers-near-93k-risks-further-correction\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price outlook after BTC breaks below the 50-week moving average. While it\u2019s a buy opportunity, bulls risk seeing another pullback and a revisit of sub-$90k levels. A flip of $95,000 into key support could allow for bullish retests of highs [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":63062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63061"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=63061"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/63062"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=63061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=63061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=63061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}