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  • 📉 Bitcoin Slides Below $90,000! There is Still Hope! |Released 19 Nov 25|

📉 Bitcoin Slides Below $90,000! There is Still Hope! |Released 19 Nov 25|

👀 Billionaire Warns of Last Time for Bitcoin Below $90,000! This University Increases Bitcoin Investment to $442.8 million!

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin has decided to go bungie jumping . . .

Hopefully there is a cord attached to catch the free fall! 😅

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN
  • Cryptocurrency Headlines 

    • Billionaire is confident in Bitcoin regaining composure!

    • Harvard is “all in” on Bitcoin investment!

BITCOIN TECHNICAL ANALYSIS

Bitcoin continues to plummet lower every day with support now being broken at the $95,000 area . . .

There is little question that investors and traders believe that the bull market has ended and Bitcoin will continue to decrease in price.

📊 Bitcoin’s Current Analytics

  • November’s performance = -16.58%

  • Market capitalization = $1.82T

  • 24-hour volume =$72.58B

November continues to disappoint as November this year has now become the lowest yielding November since 2019!

Before everyone starts fighting over who is going to press the sell button first, let’s dive into Bitcoin’s daily movement!

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In Saturday’s newsletter, Bitcoin was holding support at $95,052.66 with potential for a price reversal through a bullish cup and handle formation.

Spoiler alert . . . the bullish formation never happened!

The image below shows the overextension of Bitcoin’s price with a major drop through support at $100,302.21 and $97,995.63.

Unfortunately, Bitcoin was unable to hold support at $95,052.66 which resulted in the crash down to support at $92,064.05.

The question on everyone’s mind . . .

  • Wil Bitcoin hold support at $92,064.05 and then reverse in price?

The green candlestick above that shows the tail pushing below $90,000 is an extremely bullish candlestick!

This candlestick may mark a reversal in Bitcoin’s price!

However, there is 1 variable that must be on board with Bitcoin increasing in value . . .

🧠 The psychology behind the market

For the past 24 hours, fear still controls the market . . . surprise! haha.

  • Short (bearish) traders = 51.36%

  • Long (bullish) traders = 48.64%

Stats from CoinGlass.com

Even though there is a bearish (short) bias for the past 24 hours, the ratio is not as high as it was on Wednesday.

Could this mark a switch in price momentum or is Bitcoin destined to plummet lower?

Let’s teleport over to everyone’s favorite section to see what may occur next!

 

WHAT TO ANTICIPATE

As stated in Saturday’s newsletter . . .

“If Bitcoin does not break above $97,995.63 in the next 72 hours, it is highly probable that support at $95,052.66 will break.”

This is exactly what happened! Once Bitcoin fell to ~$95,052.66, it was 72 hours later that Bitcoin broke support at $92,064.05.

Score 1 for us . . . 0 for our portfolios . . .

All we have been discussing is Bitcoin dropping lower. Is it time for a turn in the tide and for the downpayments for Lamborghinis to resume?

🌍 In a perfect world, what do we see? It is essential that Bitcoin find support at $92,064.05 for a price reversal!

With the charts above, we see bottom wicks on the candlesticks which show buying pressure pushing the price back up.

To build a bullish trend! Bitcoin needs to push above $92,064.05 and then $95,052.66 in the next 48 hours.

We need to witness a “rubber band effect” that pushes Bitcoin’s price higher - something that was void after its drop to $95,052.66.

⚠️ Caution along the way! We haven’t seen a drop in price like this since February of this year - where Bitcoin went from ~$96,500 to ~$77,850.

However, shortly afterwards, Bitcoin achieved a new all-time high. Thus, there is still hope!

If Bitcoin drops below $92,064.05, the next major support is at $82,912.30 . . .

🧠 Our overall thoughts? No one said being a cryptocurrency holder was rainbows and sunshine . . .

Even though Bitcoin continues to drop in price, other cryptocurrencies continue to perform extremely well like ZCash.

This may be an opportunity for Bitcoin to pullback, build healthy support, and continue upwards in a more stable economic time . . .

In the meantime! Watch to see how Bitcoin reacts at $92,064.05.

If Bitcoin breaks below $90,000 and holds, it will be in a limbo between $82,912.30 and $92,064.05.

It is imperative that Bitcoin recover as this is the last stand!

Be safe out there and may the bull be with you!

BULL MARKET BULLETIN 📌

  • Cameron Winklevoss is confident that Bitcoin will regain its composure, and you would be foolish not to buy the dip.

  • This university bought 6.8 million shares of BlackRock’s iShares Bitcoin Trust - their investment is now valued at $442.8 million!