Published: 17 November 2025,03:12
Daily Market Analysis New
*Bitcoin erased over 30% of gains registered since the start of the year.
*Profit-taking and break below the psychological $100,000 level weigh on demand.
*Lack of crypto-friendly policy catalysts and Fed tightening expectations dampen near-term outlook
Market Summary:
Bitcoin has slumped below the $100,000 mark, erasing more than 30% of its year-to-date gains. The retreat follows profit-taking by investors and a break of a key market structure level, signaling a potential short-term bearish phase. Market participants are facing a shortage of major catalysts, including the absence of crypto-friendly regulatory guidance, which has limited upside momentum.
Adding to the pressure, the Federal Reserve’s tilt toward a more hawkish monetary policy, alongside rising U.S. Treasury yields, has reduced the appeal of high-risk, non-yielding assets such as cryptocurrencies. Several Fed officials, including St. Louis Fed President Alberto Musalem, Cleveland Fed President Beth Hammack, and Minneapolis Fed President Neel Kashkari, signaled discomfort with easing too quickly, citing persistent inflation concerns and signs of resilience in the labor market. As a result, rate-cut probability has dropped sharply from nearly 90% pre-shutdown to a more balanced 50-50 outlook, supporting a modest recovery in the dollar while keeping overall sentiment cautious.
Over the past month, institutional buyers, including ETF allocators and corporate treasuries, have stepped back, removing a key source of demand that previously propelled Bitcoin to record highs. The recent cooling of high-flying technology stocks has also contributed to the broader risk-off sentiment, further weighing on Bitcoin. Without fresh catalysts or a shift in monetary policy expectations, Bitcoin’s near-term outlook remains vulnerable, with investors likely to adopt a cautious stance.
Technical Analysis
BTC/USD is trading lower while testing the support zone at $93,430. The sustained breakdown below the $100,000 psychological level keeps the short-term bias firmly bearish. A decisive break below $93,430 could open the path toward the next support at $85,700, signaling further downside momentum.
However, technical indicators suggest the bearish momentum may be diminishing. The MACD shows signs of flattening, and RSI at 32 is approaching oversold territory, hinting at a potential near-term technical rebound. Traders should watch for any signs of stabilization around current levels, which could attract short-term buying interest.
Resistance Levels: 100000.00, 106235.00
Support Levels: 93430.00, 85700.00
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