Increasing Bearish Pressure Following Bitcoin Price Decline – Market Analysis – 2025-11-18

Market Analysis

Bitcoin recently touched a peak near 124,000, but since then, the market has shown clear signs of weakness. Despite the Federal Reserve’s interest rate cuts, investor enthusiasm appears to be waning, increasing the likelihood of short-term bearish trends.

Over the past five days, Bitcoin’s price has experienced a significant decline, impacting both technical indicators and market sentiment. On November 13, it reached 104,085 but then followed a downward trajectory, closing near 92,215 on November 17. The Relative Strength Index (RSI) for a 7-day period has dropped to 21.23, indicating extreme weakness, while the Money Flow Index (MFI) is also around 21.55, signaling that buying pressure is severely diminished and Bitcoin is approaching oversold territory. In this environment, short-term investors should exercise caution as bearish pressure mounts.

Looking at the Bollinger Bands, the price is hovering near the lower band, which often suggests a potential reversal or at least a temporary recovery. However, the widening of the bands simultaneously points to increased selling momentum. Examining the Hull Moving Averages (HMAs) for periods of 7, 14, 21, 30, and 50 days, all are trending downward, with the current price trading below these averages—a strong indication of a bearish trend. Notably, the 7- and 14-day HMAs show a sharp decline, reflecting intensified short-term selling pressure.

Key support lies between 91,965 and 90,357; a breakdown below this zone could lead to further losses, with the next significant support between 87,325 and 86,310. On the upside, resistance levels are identified between 94,270 and 95,461, and then between 96,887 and 98,345, where the price may face substantial hurdles. The Fear and Greed Index stands near 15, signaling extreme fear in the market. Despite this, hurried buying is unlikely, as overall sentiment remains skewed toward bearishness.

Current news flow is not favorable for Bitcoin. Although the Fed has reduced interest rates, ongoing global economic uncertainties and other financial factors continue to make investors cautious. A slight rise in open interest suggests an increase in short positions, supporting the bearish thesis. Additionally, the MACD indicator is turning downwards, reinforcing the signs of further weakness. Taken together, technical and emotional factors point toward continued short-term pressure on Bitcoin. However, if support levels hold firm, a potential reversal could emerge.

Investors are advised to carefully monitor the market’s developments and avoid making impulsive decisions. Should Bitcoin stabilize near the psychological support of 90,000, a short-term relief rally is possible; if not, further declines remain a risk. Long-term investors should remain patient, while short-term traders need to stay vigilant and consider the prevailing bearish momentum when planning their moves.

Data Summary

• 1. Time:
  2025-11-18 – 00:00 UTC
• 2. Prices:
  Open: 94261.45000000
  High: 96043.00000000
  Low: 91220.00000000
  Close: 92215.14000000
• 8. Supports:
  S1: 91965.16000000 – 90357.00000000
  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:
  2025-11-13: 99692.02000000
  2025-11-14: 94594.00000000
  2025-11-15: 95596.24000000
  2025-11-16: 94261.44000000
  2025-11-17: 92215.14000000
• 4. Volume:
  BTC: 39218.5981
  USD: $3674562070.2386
• 5. Number of trades:
  8134322
• 6. Indicators:
  RSI: 21.2300
  MFI: 21.5500
  BB Upper: 114860.08000000
  BB Lower: 92021.75000000
• 7. Moving Averages:
  SMA:
  7=97296.03000000
  14=100299.05000000
  21=103440.91000000
  30=105623.19000000
  50=109850.14000000
  100=111719.00000000
  200=109726.19000000

  EMA:

  7=96630.35000000
  14=99880.89000000
  21=102110.32000000
  30=104178.30000000
  50=106982.31000000
  100=109160.23000000
  200=106866.83000000

  HMA:

  7=91741.39000000
  14=93872.00000000
  21=95551.28000000
  30=96808.74000000
  50=99865.11000000
  100=104918.12000000
  200=110455.85000000
• 12. Funding Rate:
  0.0072%
• 13. Open Interest:
  98685.1640
• 14. Fear & Greed Index:
  14 (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.