{"id":5550,"date":"2025-11-20T18:16:19","date_gmt":"2025-11-20T18:16:19","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/11\/20\/bitcoin-price-crashes-to-86000-as-extreme-fear-hits-the-market\/"},"modified":"2025-11-20T18:16:19","modified_gmt":"2025-11-20T18:16:19","slug":"bitcoin-price-crashes-to-86000-as-extreme-fear-hits-the-market","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/11\/20\/bitcoin-price-crashes-to-86000-as-extreme-fear-hits-the-market\/","title":{"rendered":"Bitcoin Price Crashes to $86,000 As Extreme Fear Hits the Market"},"content":{"rendered":"

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

Bitcoin Price Crashes to $86,000 As Extreme Fear Hits the Market<\/a><\/p>\n

<\/div>\n

Bitcoin price is trading<\/a> at lows of $86,610, down over 1% over the past 24 hours, with a 24-hour trading volume of $87 billion.\u00a0<\/p>\n

The top cryptocurrency is currently 5% below its seven-day high of $92,944 but is currently making new\u00a0seven-day and seven-month lows. With a circulating supply of 19,950,600 BTC out of a maximum of 21 million, the global Bitcoin market cap is $1.78 trillion, reflecting a 1% decline over the past day.<\/p>\n

The bitcoin price traded above $92,000 overnight but sharply dumped in early eastern-time zone trading to lows in the $86,000s range.<\/p>\n

The Bitcoin Fear and Greed Index currently sits<\/a> in \u201cExtreme Fear.\u201d<\/p>\n

The U.S. labor market showed unexpected strength<\/a> in September, according to data released by the Bureau of Labor Statistics after a six-week delay due to the government shutdown.\u00a0<\/p>\n

Nonfarm payrolls increased by 119,000, more than double economists\u2019 forecast of 50,000, although the unemployment rate ticked up to 4.4% from 4.3%.\u00a0<\/p>\n

August\u2019s reading was revised to a 4,000-job loss. This report, normally released in early October, marks the resumption of official economic data and will be followed by further updates in mid-December.<\/p>\n

The labor data added to a broader backdrop of optimism in U.S. markets. Bitcoin price gained modestly overnight to the $92,000 range following<\/a> Nvidia\u2019s stronger-than-expected third-quarter earnings report. The chipmaker posted $57 billion in revenue, defying concerns of an AI-driven market bubble.<\/p>\n

The Nvidia report buoyed risk assets globally. Nasdaq futures rose 1.9%, Asian indices climbed, and S&P 500 futures gained 1%. The 10-year Treasury yield held at 4.11%, while the U.S. dollar posted small gains.\u00a0<\/p>\n

For crypto markets, tech-driven liquidity remains a key driver, and Nvidia\u2019s performance<\/a> reassured investors that AI investments by major corporations\u2014Amazon, Microsoft, Meta\u2014will continue for the foreseeable future.<\/p>\n

Bitcoin\u2019s price dump is a common occurrence after a challenging month, during which the bitcoin price dipped toward $87,000 amid a $3 billion withdrawal from U.S. spot Bitcoin ETFs.\u00a0<\/p>\n

However, inflows returned on Wednesday, with ETFs attracting $75 million, according to DefiLlama.\u00a0<\/p>\n

Bitcoin price outlook<\/h2>\n

Last week, the Bitcoin price closed<\/a> the week at $94,290, plunging below the key $96,000 support level and erasing gains made earlier in 2025.\u00a0<\/p>\n

The break of this major support indicated a sharp shift in market sentiment, with bears taking clear control of price action. Bitcoin\u2019s inability to hold above $96,000 meant that the likelihood of a sustained bull market had diminished significantly.<\/p>\n

Following the loss of the $96,000 support, Bitcoin\u2019s next significant support was identified near the 0.382 Fibonacci retracement from the 2022 bottom to the October 2025 high.\u00a0<\/p>\n

Bitcoin Magazine analysts also highlighted a high-volume node between $83,000 and $84,000 as another potential floor. Below these levels, the next major support zone was traced to the 2024 consolidation range, between $69,000 and $72,000, suggesting substantial room for further declines if Bitcoin continued to weaken.<\/p>\n

\n

JUST IN: #Bitcoin<\/a> price crashes to $86,689 <\/p>\n

BUY THE DIP! pic.twitter.com\/MC7QpJJObn<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) November 20, 2025<\/a>\n<\/p><\/div>\n

Resistance above Bitcoin\u2019s $94,000 level had become substantial. Any minor bounce from current lows faced immediate obstacles at $98,000, with a potential short squeeze pushing the price to $101,000.\u00a0<\/p>\n

However, strong resistance remained in the $106,000 to $109,000 range, with additional levels at $114,000 and $116,000 forming a near-impenetrable barrier for bulls. Analysts concluded that only a close above $116,000 would require a re-evaluation of market structure and could indicate a shift toward bullish momentum.<\/p>\n

Market sentiment remained extremely bearish as Bitcoin had fallen over 25% from its October highs. Analysts suggested that the broadening wedge pattern, though not yet definitively broken to the downside, offered minimal hope for bulls.\u00a0<\/p>\n

The best-case scenario for Bitcoin was a short-lived rally to $106,000 before rolling over to new lows. Bears appeared firmly in control, and any upside was likely to encounter heavy resistance.<\/p>\n

Bitcoin price is currently at $86,877. <\/p>\n

This post Bitcoin Price Crashes to $86,000 As Extreme Fear Hits the Market<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Crashes to $86,000 As Extreme Fear Hits the Market Bitcoin price is trading at lows of $86,610, down over 1% over the past 24 hours, with a 24-hour trading volume of $87 billion.\u00a0 The top cryptocurrency is currently 5% below its seven-day high of $92,944 but is currently making new\u00a0seven-day and […]<\/p>\n","protected":false},"author":0,"featured_media":5551,"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-5550","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\/5550","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=5550"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5551"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}