Bitcoin Faces Increasing Downward Pressure; Key Support Level at $90,000 in Focus – Market Analysis – 2025-11-19

Market Analysis

Bitcoin recently attempted to surpass the significant milestone of 124,000 but was unable to sustain momentum, leading to increased uncertainty in the market. Despite the Federal Reserve's decision to lower interest rates, investor enthusiasm remains subdued, suggesting that price pressure may persist in the near term.

Over the past five days, Bitcoin has exhibited notable weakness, with prices consistently trending downward and key indicators such as the RSI (Relative Strength Index) and MFI (Money Flow Index) lingering in weak zones. On November 14, the price dropped sharply from 99,692 to close at 94,594, signaling substantial bearish sentiment. At that time, the RSI stood at 22.13 and the MFI at 28.42, levels close to oversold conditions but not fully into that territory. In the following days, the RSI remained between 20 and 30, indicating sustained but not extreme downward pressure. Market sentiment is dominated by fear, as reflected by the Fear & Greed Index fluctuating between 10 and 16—an indication of intense apprehension. This heightened concern underscores the importance of key support levels, particularly the psychological support near 90,000, which currently sits close to the market price.

Looking at moving averages, the 7-day, 14-day, and 21-day Hull Moving Averages (HMA) have all been steadily declining, reinforcing the bearish trend. On November 18, the 7-day HMA was at 91,475, while the closing price was slightly above it at 92,960. Although the price remains just above this moving average, the persistent downward slope of all HMAs points to ongoing market weakness. Bollinger Bands show the price hovering near the lower band, which can sometimes signal a potential rebound or indicate a weak market phase; however, accompanying low trading volume suggests any bounce is likely to be fragile.

The financing rate is positive but minimal, and open interest has increased by 2.66%, hinting at some degree of market engagement. Nevertheless, diminished trading volume and fewer transactions have further contributed to the prevailing weakness. Market reports also corroborate that despite the Fed’s rate cuts, investors are cautious due to global economic uncertainties and other financial headwinds, which have dampened overall market enthusiasm. Under these circumstances, short-term downward pressure on Bitcoin appears likely, making it crucial to monitor support levels closely in case of a sudden reversal.

In summary, Bitcoin’s current technical and sentiment indicators point to a fragile market environment with the price hovering near the critical psychological support at 90,000. Should this support fail, the next likely targets are 87,325 and 84,474. Conversely, if the price manages to close above the 94,270 to 95,461 range, a temporary recovery could be expected. However, there is no clear indication of a strong upward trend at this time. Investors are advised to avoid impulsive decisions and pay close attention to technical signals and support zones to better gauge the market’s direction.

Data Summary

• 1. Time:
  2025-11-19 – 00:00 UTC
• 2. Prices:
  Open: 92215.14000000
  High: 93836.01000000
  Low: 89253.78000000
  Close: 92960.83000000
• 8. Supports:
  S1: 92792.05000000 – 91203.67000000
  S2: 87325.59000000 – 86310.00000000
  S3: 84474.69000000 – 83949.52000000
  S4: 78595.9 – 76322.4
• 9. Resistances:
  R1: 94270.00000000 – 95461.53000000
  R2: 96887.14000000 – 98345.00000000
  R3: 103261.60000000 – 104550.33000000
  R4: 105858 – 106457
• 10. Psychological Support:
  90000.00000000
• 11. Psychological Resistance:
  100000.00000000
• 3. Last 5 days’ closing prices:
  2025-11-14: 94594.00000000
  2025-11-15: 95596.24000000
  2025-11-16: 94261.44000000
  2025-11-17: 92215.14000000
  2025-11-18: 92960.83000000
• 4. Volume:
  BTC: 39835.1477
  USD: $3641033186.3005
• 5. Number of trades:
  8786593
• 6. Indicators:
  RSI: 25.6100
  MFI: 22.4000
  BB Upper: 113922.83000000
  BB Lower: 91060.18000000
• 7. Moving Averages:
  SMA:
  7=95853.43000000
  14=99689.31000000
  21=102491.50000000
  30=105100.45000000
  50=109466.08000000
  100=111498.06000000
  200=109717.85000000

  EMA:

  7=95712.97000000
  14=98958.21000000
  21=101278.55000000
  30=103454.59000000
  50=106432.45000000
  100=108839.45000000
  200=106728.46000000

  HMA:

  7=91475.24000000
  14=92148.17000000
  21=93980.01000000
  30=95451.63000000
  50=98688.82000000
  100=104084.29000000
  200=109983.97000000
• 12. Funding Rate:
  0.0037% (Technically Positive)
• 13. Open Interest:
  101318.6710
• 14. Fear & Greed Index:
  11 (Extreme Fear)

Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.