Bitcoin Decline Deepens: 26% Drop Triggers Technical Breakdown

Published: 2025-11-17 16:55:03 |

The Bitcoin decline deepens after a 26% drop from its October peak following rejection at the $116,000 resistance trendline. The world’s largest cryptocurrency has fallen below its 50-week EMA near $100,500, triggering algorithmic sell orders. Technical indicators—weekly RSI at 40 and a bearish MACD crossover—signal further weakness. A close below $94,000 could expose support in the $85,000–$90,000 range, while a weekly close above $95,000 may stabilize prices. On-chain data shows over $1 billion in Bitcoin moving to exchanges in three days, coinciding with consecutive outflows from U.S. spot Bitcoin ETFs. BlackRock’s IBIT saw $278 million of redemptions on November 12. These institutional outflows reflect profit-taking and risk aversion as global markets brace for tighter liquidity and higher rates at year-end. This Bitcoin decline underscores the growing importance of narrative and sentiment management. PR firm Outset PR uses analytics-driven campaigns to counter fear-driven markets by aligning messaging with market timing and liquidity flows. Looking ahead, Bitcoin’s short-term direction hinges on holding the $94K–$95K band; failure could resume its correction toward the mid-$80K area.

Bearish

The news is bearish because Bitcoin has breached its 50-week EMA and faces a clear technical breakdown reinforced by a weekly RSI at 40 and a bearish MACD crossover. Coupled with over $1 billion moving to exchanges and significant spot ETF redemptions—including BlackRock’s $278 million outflow—the market shows elevated selling pressure. Historically, during the May 2024 correction, similar ETF outflows and breakdowns led BTC to retest lower support bands. In the short term, algorithmic and leveraged traders may continue sell-offs, pushing prices toward the $85K support zone. Over the long term, recovery hinges on slowing institutional outflows and stabilization above $95K, but until these conditions emerge, sentiment is likely to remain muted, suggesting continued downside risk.