Bitcoin’s Plunge: A Bear’s Waltz or Bull’s Siesta? 🌪️💰

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Ah, Bitcoin, the fickle muse of the digital age, has stumbled to $94,000, leaving the market in a state of existential dread. 🌧️ Will it liquidate further, or is this merely a dramatic pause in its endless ballet? The 365-day moving average, once a stalwart companion, now lies breached, like a forgotten promise. 🕊️

The whispers of a larger correction grow louder, as on-chain metrics hint at stress-a symphony of worry for the faithful. 🎻

Will Bitcoin’s Price Waltz Below $90,000?

The 365-day moving average, hovering near $102,000, has been Bitcoin’s North Star since late 2023. 🌟 Its failure to reclaim this level echoes the ghost of December 2021, when such rejections heralded the bear market of 2022. 🦹‍♂️

Yet, the broader market murmurs of a mid-cycle reset, not a cataclysmic end. Liquidity remains as stable as a tightrope walker in a storm, ETF flows have turned negative, and long-term holders distribute with the haste of a fleeing circus. 🎪

Still, the loss of the 365-day average is no trifle. 🍰

Good day to remember this.
Once Bitcoin breaks below the 365-day MA, it’s like trying to catch a shadow-elusive and frustrating. 🌚 Judging by history, we might be in for a bear’s waltz. 🦝

It would take a miracle of demand, sentiment, and capital flows to reverse…

– Julio Moreno (@jjcmoreno) November 14, 2025

Historically, lingering below this line spells deeper retracements. A sustained breakdown increases the odds of a sub-$90,000 tango. 💃

On-chain data adds its somber note. The realized price for holders who entered 6 to 12 months ago is near $94,600-a threshold that often marks the first capitulation zone in bull markets. 🎭 On Friday, Bitcoin flirted with this level, pushing many into the red. 🩸

Those who entered Bitcoin 6 to 12 months ago have a cost basis near 94K.

Personally, I’d wait before declaring a bear cycle. Jumping to conclusions is for fools and poets. 🧙‍♂️

– Ki Young Ju (@ki_young_ju) November 14, 2025

Similar breaks in 2017-2018 and 2021-2022 led to prolonged declines. History, it seems, has a sense of humor. 🤡

Long-range cycle data offers a glimmer of hope. Bitcoin’s bull cycles often feature mid-cycle corrections of 25

I see tales of “old whales dumping Bitcoin,” but the data tells a different story.

Almost 7 million BTC transacted in 2025. Most from 2024, one 84k BTC whale from 2011, and some 2017-2023 sellers. Business as usual, no need for melodrama. 🎭

– PlanB (@100trillionUSD) November 12, 2025

Analysts now eye three major zones with the intensity of a fortune teller reading tea leaves. 🍵

Key Bitcoin Price Levels to Watch 🕵️‍♂️

The first support sits at $92,000 to $95,000, aligning with the 6-12 month cost basis and recent ETF inflow levels. This is the first line of defense, a fragile fortress. 🏰

A deeper correction could push Bitcoin into the $85,000 to $90,000 band, a standard 25

The bearish scenario goes further. If ETF outflows accelerate and macro conditions sour, Bitcoin could retest the $75,000 to $82,000 zone. 🌪️ This would represent a 35

Despite the gloom, Bitcoin has not shown a blow-off top or structural exhaustion. This suggests a consolidation within the bull market, not the dawn of a new ice age. ❄️

For now, Bitcoin’s ability to reclaim the 365-day moving average will dictate the depth of the correction. A quick recovery would soothe the market’s jangled nerves, while continued rejection could lead to a deeper test of support zones. 🧘‍♂️

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2025-11-15 10:40