Bitcoin Falls Below $94,000 for First Time Since May
Bitcoin dipped below $94,000 for the first time since May on November 16, 2025, as market sentiment remained in extreme fear, with a fear index reading of 10. Bitcoin traded around $95,087, down 1% in 24 hours. Analysts indicated a possible decline towards $83,500, with mentions of a 'death cross' – a bearish signal where the 50-day moving average falls below the 200-day moving average, often marking local lows. Increased retail panic and discussion around Bitcoin also surfaced, indicating potential market reversals. Additionally, Michael Saylor hinted at an upcoming major Bitcoin purchase, teasing a 'Big Week.' Meanwhile, gold has outperformed Bitcoin significantly this year, being up 55%, contrasting Bitcoin’s modest gains of about 1%.
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