{"id":91135,"date":"2025-11-18T10:26:12","date_gmt":"2025-11-18T07:26:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91135"},"modified":"2025-11-18T10:30:58","modified_gmt":"2025-11-18T07:30:58","slug":"bitcoin-falls-below-90000-for-the-first-time-in-seven-months","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-falls-below-90000-for-the-first-time-in-seven-months\/","title":{"rendered":"Bitcoin Falls Below $90,000 for the First Time in Seven Months"},"content":{"rendered":"

The price of digital gold has dropped below $90,000, reaching a seven-month low at $89,390. At the time of writing, the asset is trading at $89,500, having decreased by 6% over the past day.<\/p>\n

\"BTCUSDT_2025-11-18_10-03-52\"
15-minute BTC\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

The decline is attributed to several factors. Institutional investors are locking in profits ahead of the year-end. Over the past three weeks, net outflows from US spot bitcoin ETFs<\/a> have exceeded $3 billion (data from SoSoValue<\/a>).<\/p>\n

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\u201cBreaking the $90,000 mark is a significant psychological moment that highlights the market’s fragility,\u201d<\/em> said<\/em><\/a> BTC Markets analyst Rachel Lucas.<\/em><\/p>\n<\/blockquote>\n

Short-term traders and funds adjusting their positions are also putting pressure on the price. Meanwhile, long-term holders remain confident in the asset, according to Kronos Research IT Director Vincent Liu.<\/p>\n

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\u201cThe long-term value of bitcoin as digital gold remains unchanged,\u201d he noted.<\/em><\/p>\n<\/blockquote>\n

Other reasons for the decline cited by experts include:<\/p>\n

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  1. Reduced liquidity.<\/strong> This is caused by the US government shutdown<\/a> and uncertainty surrounding the December decision of the Fed<\/span> on interest rates.\u00a0<\/li>\n
  2. Seasonal factors.<\/strong> At the end of the year, investors may sell assets for tax optimization, increasing price pressure.<\/li>\n<\/ol>\n

    Key Levels and Forecasts<\/h2>\n

    Analysts see the next support zone in the $85,000\u201387,000 range. According to Lucas, the next important level is $85,000, with a critical level at $80,000. Breaching this could push the price towards $74,000.<\/p>\n

    To restore confidence, buyers need to push quotes back above $90,000. Market sentiment remains subdued: the Fear and Greed Index<\/a> stands at 11.<\/p>\n

    \"Screenshot
    Source: Alternative.me<\/a>.<\/figcaption><\/figure>\n

    Opinions: Bitcoin Finds a Bottom and Prepares for Growth<\/h2>\n

    BitMine Chairman Tom Lee and Bitwise CIO Matt Hougan believe the price of the leading cryptocurrency will bottom out this week. They view current levels as a favorable opportunity for long-term investors.<\/p>\n

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