{"id":5514,"date":"2025-11-18T21:16:27","date_gmt":"2025-11-18T21:16:27","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/11\/18\/bitcoin-price-teeters-at-93000-as-bears-press-their-advantage\/"},"modified":"2025-11-18T21:16:27","modified_gmt":"2025-11-18T21:16:27","slug":"bitcoin-price-teeters-at-93000-as-bears-press-their-advantage","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/11\/18\/bitcoin-price-teeters-at-93000-as-bears-press-their-advantage\/","title":{"rendered":"Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage<\/a><\/p>\n

<\/div>\n

Bitcoin price hovered<\/a> near $93,000 on Tuesday as the market continued to reel from thin liquidity, cascading leverage, and growing bearish conviction across key technical levels.<\/p>\n

The Bitcoin price traded<\/a> near $94,000 at midday, up 1% in the past 24 hours, with a hefty $111 billion in trading volume. The asset now sits 1% below its weekly high of $93,669 and 4% above its weekly low of $89,368.<\/p>\n

Bitcoin\u2019s circulating supply stands at 19,950,440 BTC, inching closer to its 21 million hard cap, while its global market cap ticked 1% higher to $1.85 trillion, according to Bitcoin Magazine Pro data.<\/p>\n

But sentiment is anything but buoyant. With volatility rising and liquidity thinning, even modest flows are pushing the market around.<\/p>\n

\u201cMarkets are still feeling the impact of the October 10 liquidation event,\u201d Nicolai S\u00f8ndergaard, Research Analyst at Nansen, wrote to Bitcoin Magazine. \u201cMarket depth has fallen by roughly 30% since then, which means even modest selling pressure can move prices sharply. That\u2019s essentially why Bitcoin slipped below $90,000 today. When liquidity is this thin, it takes far less capital to push the market in either direction, and when you layer leverage on top, volatility becomes inevitable.\u201d<\/p>\n

What S\u00f8ndergaard is pointing to is the wave of liquidations triggered<\/a> after a fresh bout of trade jitters<\/a> set off a historic rush to unwind bitcoin long positions. Investors shed roughly $19 billion in leveraged bets across major exchanges in less than a day \u2014 with some estimates putting the total closer to $30 billion. <\/p>\n

On that day, the bitcoin price dropped over 10%. It marked the largest bitcoin liquidation event on record.<\/p>\n

S\u00f8ndergaard added that options data shows a \u201cnon-negligible\u201d probability of a dip toward the mid-$80,000 range, though a bounce or stabilization near current levels appears more likely.<\/p>\n

Some long-term investors see opportunity in the chaos: \u201cIf your objective is to save in the hardest money humanity has ever known, you can stack 25% more bitcoin than you were able to just a month ago,\u201d wrote Timot Lamarre, Director of Market Research at Unchained, to Bitcoin Magazine.\u00a0<\/p>\n

Bitcoin price: Bearish structure dominates\u00a0<\/h2>\n

The broader market mood turned sharply negative after Bitcoin price\u2019s decisive break below $96,000, a level analysts at Feral Analysis and Juan Galt had flagged<\/a> for weeks as critical weekly support. Analysts warn that \u201cwith the price closing so low, we should not expect much of a bounce at this level, if any.\u201d Resistance above $94,000 is \u201cthick now,\u201d they said, with sellers waiting at every major price shelf.<\/p>\n

A heavy-volume support zone sits at $83,000\u2013$84,000. Another key area sits at $69,000\u2013$72,000, marking the top of the 2024 consolidation range. A slide into the mid-$80Ks is also becoming more plausible if volatility spikes again.<\/p>\n

Upside scenarios remain challenging. Even a surprise short squeeze, they wrote, would face \u201cthe equivalent of a brick wall\u201d between the bitcoin price of $106,000 and $109,000. Only a weekly close above $116,000 would force a reconsideration of the bear trend \u2014 an outcome they call unlikely.<\/p>\n

The bitcoin price has now fallen<\/a> more than 25% from its October peak. That decline has triggered fresh debate over whether the 2025 cycle top is already behind us. Historically, the September\u2013December window hosts major cycle highs. This year\u2019s structure fits the pattern \u2014 but with a twist: the top may have arrived early and with less force than expected.<\/p>\n

A late-cycle peak in Q1 2026 remains possible. With equities showing early signs of fatigue and liquidity draining from risk markets more broadly, they argue that \u201clittle hope remains for any meaningful rally or new highs\u201d in the near term.<\/p>\n

At the time of writing, the bitcoin price is 92,916. It\u2019s 24-hour lows is $89,183 according to BM Pro data.<\/p>\n

This post Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage Bitcoin price hovered near $93,000 on Tuesday as the market continued to reel from thin liquidity, cascading leverage, and growing bearish conviction across key technical levels. The Bitcoin price traded near $94,000 at midday, up 1% in the past 24 hours, with a […]<\/p>\n","protected":false},"author":0,"featured_media":5515,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5514","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5514"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5515"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}