Bitcoin Price Tanks Below $97K as Analyst Warns the Worst Is Yet to Come
Despite the constructive developments on a macro entrance, such as the US authorities reopening, BTC’s fairly unfavorable worth actions continued in the previous 12 hours or so as the asset plunged to a brand new multi-month low.
The cryptocurrency stood above $107,000 simply three days in the past after Trump promised to ship tariff checks of not less than $2,000 to some Americans and hinted that the authorities shutdown may finish quickly. However, bitcoin failed to capitalize on this momentum and shortly dipped again to $103,000.
Nevertheless, it rebounded to $105,000 on Wednesday earlier than the bears took full management of the market, particularly on Thursday. The POTUS signed laws to reopen the authorities, which was first adopted by a right away bounce, however the panorama modified for the worse shortly after.
In lower than a day, bitcoin dumped by greater than eight grand and presently struggles under $97,000, which is the lowest it has been since early May.
Doctor Profit, who has been bearish on the asset for weeks, believes the worst is but to come by predicting one other nosedive to someplace round $90,000 and $94,000.
#Bitcoin: First promised goal of 90-94k area is about to be hit. Important to notice that I wont take any earnings from the brief at 90-94k area! https://t.co/p6qQqxsaor pic.twitter.com/Rhamwixvct
— Doctor Profit
(@DrProfitCrypto) November 14, 2025
The altcoins have adopted go well with with a number of double-digit worth declines. AAVE, ENA, RENDER, SUI, PEPE, and LINK are additionally down by greater than 12%. Even the largest of the bunch has plunged by over 11% and now struggles nicely under $3,200.
The complete worth of wrecked positions has skyrocketed to virtually $1.1 billion each day. The single-largest liquidated place, in accordance to CoinGlass, befell on HTX and was value a whopping $44.29 million. The variety of wrecked merchants is above 240,000.
Naturally, longs signify the lion’s share, with $966 million. Short liquidations are value $124 million as of press time.
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