Bitcoin slips below $100K as analysts say BTC is set to drop lower: Here's why
05.11.2025
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Bitcoin price fell to 4-month lows below $100,000 as sellers completely overwhelmed buyers, and analysts speculated that 'dead bodies' from the Oct. 10 sell-off are finally beginning to surface.
Bitcoin slips below $100K as analysts say BTC is set to drop lower: Here's why
Bitcoin just got absolutely wrecked, dropping to 4-month lows below $100,000 as sellers completely overwhelmed buyers. The vibe? Analysts are saying the 'dead bodies' from that brutal Oct. 10 sell-off are finally surfacing.
- • Bitcoin falls to 4-month lows below $100,000 as sellers capitulate and spot BTC ETF outflows increase.
- • Traders pinpoint the $88,000 to $95,000 range as a potential bottom.
The selling went nuclear on Tuesday as BTC crashed to $100,800 - 4-month lows. While everyone's scratching their heads about the exact reasons, there's one thing they agree on: BTC could go even lower, possibly bottoming around $95K.
Popular trader HORSE dropped this chart and suggested we might be approaching a bottom - unless $100K turns out to be 'a trap.'
Maybe you get a trap at this low, but if not, these are the levels I am looking toward for Bitcoin. You want to see $100K get front ran, because big round numbers like that, if traded, get smoked on the return just like on the way up.
Liquidation heatmap data from Hyblock shows leveraged long positions at $100,000 are about to get absolutely demolished, with thin liquidity until we hit $88K.
Meanwhile, crypto media personality Scott Melker dropped a bombshell: Bitcoin has 'definitively lost the weekly 50-MA as support 4 times in history' - and every single time, price went on to test the 200-MA.
Price is currently $700 above the 50MA. The 200 MA is sitting around $55,000 (and rising).
Here's the real tea making rounds on X: professional and institutional players got absolutely wrecked in the Oct. 10 crypto massacre that liquidated $20 billion in Bitcoin positions. Options trader Tony Stewart suggests these crippled funds are the source of today's selling spree.
There will by now be large firms that can see the blurred body image underwater.
Stewart's breaking down how to spot which funds are drowning and what this means for Bitcoin's future price action.
⚠️ DISCLAIMER: This isn't financial advice. Every trade involves risk - do your own research before making moves.
#Bitcoin ETF#Position Liquidation#Bear Market#Cryptocurrency market#Technical analysis
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