Bitcoin Faces Intensifying Downward Pressure: Market Analysis and Outlook – 2025-11-20

Market Analysis

Bitcoin has recently experienced a significant decline from its peak near 124,000. Despite a reduction in the Federal Reserve’s interest rates, buying momentum remains weak, suggesting that bearish sentiment may continue to dominate in the near term.

An analysis of the past five days reveals persistent downward pressure on Bitcoin’s price amid a prevailing atmosphere of market fear. Starting at 94,594 on November 15, Bitcoin closed lower at 91,554 by November 19, indicating consistent price weakness. The Relative Strength Index (RSI) remained below 27, hovering around 22, signaling market vulnerability and an oversold condition. Similarly, the Money Flow Index (MFI) dropped below 25 to near 22, reflecting reduced capital inflows and weak buying activity.

From the perspective of Bollinger Bands, the price has been close to the lower band, underscoring the ongoing market stress and subdued volatility. Examining the Hull Moving Averages (HMA) for 7, 14, and 21 days reveals a continuous downward trajectory, with closing prices consistently beneath these averages, confirming the bearish trend. Longer-term moving averages—50, 100, and 200 days—also exhibit a downward slope, indicating sustained pressure over a longer horizon.

In terms of key support and resistance levels, Bitcoin has shown some stability near the psychological support at 90,000. However, a breakdown below this level could expose the price to further downside, with next support zones around 87,325 and 85,519 potentially providing some relief. On the resistance side, the range between 94,270 and 95,461 is crucial and may pose obstacles to upward price movement. The Fear and Greed Index currently hovers between 10 and 15, reflecting extreme fear, which might present short-term buying opportunities despite continued volatility.

Despite the Federal Reserve’s rate cuts, investor confidence has not fully recovered, contributing to a lack of price stabilization in Bitcoin. Global economic uncertainties and other financial factors continue to weigh on market sentiment. Additionally, a decline in open interest and only marginal positive shifts in the financing rate suggest limited buying enthusiasm.

Overall, Bitcoin’s price remains under pressure, supported by technical indicators signaling bearish momentum. However, given the heightened fear in the market, there is potential for a short-term relief rally. Investors are advised to closely monitor key support levels and exercise caution against sudden price swings, as uncertainty persists.

Data Summary

• 1. Time:
  2025-11-20 – 00:00 UTC
• 2. Prices:
  Open: 92960.83000000
  High: 92980.22000000
  Low: 88608.00000000
  Close: 91554.96000000
• 8. Supports:
  S1: 89855.99000000 – 87325.59000000
  S2: 86909.17000000 – 85519.09000000
  S3: 84474.69000000 – 83949.52000000
  S4: 78595.9 – 76322.4
• 9. Resistances:
  R1: 94270.00000000 – 95461.53000000
  R2: 96887.14000000 – 98345.00000000
  R3: 101109.59000000 – 101732.31000000
  R4: 104104 – 105500
• 10. Psychological Support:
  90000.00000000
• 11. Psychological Resistance:
  100000.00000000
• 3. Last 5 days’ closing prices:
  2025-11-15: 95596.24000000
  2025-11-16: 94261.44000000
  2025-11-17: 92215.14000000
  2025-11-18: 92960.83000000
  2025-11-19: 91554.96000000
• 4. Volume:
  BTC: 32286.6376
  USD: $2925773651.2560
• 5. Number of trades:
  6822174
• 6. Indicators:
  RSI: 22.8200
  MFI: 22.7100
  BB Upper: 113425.92000000
  BB Lower: 89798.39000000
• 7. Moving Averages:
  SMA:
  7=94410.66000000
  14=98808.58000000
  21=101612.15000000
  30=104467.88000000
  50=109010.94000000
  100=111272.31000000
  200=109706.88000000

  EMA:

  7=94673.47000000
  14=97971.11000000
  21=100394.59000000
  30=102686.87000000
  50=105849.02000000
  100=108497.18000000
  200=106577.48000000

  HMA:

  7=91137.88000000
  14=90834.26000000
  21=92419.93000000
  30=94173.26000000
  50=97469.20000000
  100=103197.11000000
  200=109487.54000000
• 12. Funding Rate:
  0.004% (Technically Positive)
• 13. Open Interest:
  99954.9560
• 14. Fear & Greed Index:
  15 (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.