Current Outlook:
$BTC $BTC
Bitcoin recently dipped below $90,000, a major development after peaking around $126,000 last month. Reuters+2MarketWatch+2
The drop has been driven by outflows from Bitcoin ETFs, signaling institutional selling pressure.
On-chain data shows that some long-term holders are starting to sell, which could weaken confidence further. MarketWatch
Macro risk is rising: uncertainty about future U.S. interest rate cuts and global volatility is making investors more cautious. Reuters
📈 Potential Scenarios
Bullish Case
Some analysts still believe a rebound is possible, targeting $115K+ if key support levels hold and ETF inflows return. Coin Edition+1
Historical seasonality: November has often been a strong month for Bitcoin, with some models suggesting a big upside if conditions align. CoinDesk+1
Long-term models (quantile regression, etc.) point to potential cycle tops as high as $250K–$300K, though that’s a high-case scenario. CoinMarketCap
Bearish Case
If selling continues and macro risk spikes, Bitcoin could fall toward $75K or lower, according to some analysts. Reuters
Technical breakdowns under current support zones may trigger further liquidations. CoinCodex
Given current ETF outflows, there’s a risk that institutional selling could intensify. CoinMarketCap
🔍 Big Picture
The move below $90K marks a significant shift: what looked like strong momentum has weakened fast.
Institutional flows will be critical: if ETFs reverse outflows, that could boost sentiment.
Macro risks (interest rates, geopolitical uncertainty) are the wild cards right now.
Watch on-chain metrics and major support levels — they’ll likely define Bitcoin’s next major move.
