Bitcoin Crash Deepens as Analysts Now Eye THIS Next Target
The Crypto Crash Shows No Signs of Stopping
The broader crypto market remains under intense pressure, extending the correction that began earlier this month. As of November 7, 2025, total market capitalization sits around $3.34 trillion, down sharply from recent highs. Daily trading volume hovers at $162 billion, showing continued activity but limited buying confidence.
Total market cap in USD - TradingView
$Bitcoin trades near $100,780, down 2.38% in 24 hours and over 8% this week. $Ethereum follows with a 3.4% daily drop, while $Solana and $XRP lead losses among top altcoins, falling over 17% and 12% respectively in the past seven days.
Bitcoin Price Today: Bears Tighten Their Grip
The attached Bitcoin chart shows a clear breakdown below major support zones. $BTC has fallen beneath both its 9-day and 21-day moving averages, with short-term resistance now sitting around $105,800 to $106,000. The 200-day SMA at $110,195 has turned into a critical barrier that Bitcoin failed to reclaim.
BTC/USD 1-day chart - TradingView
The RSI has dropped to 43, showing weakening momentum and suggesting that selling pressure remains dominant. Meanwhile, the MACD indicator confirms a bearish crossover, with widening histogram bars pointing to further downside potential.
Unless BTC quickly rebounds above $106K, traders may expect extended selling toward the psychological $100,000 level, which is currently acting as temporary support.
Bitcoin Price Prediction: Analysts See $90K on the Horizon
Analysts across the market warn that the next key support lies near $92,870, followed by $90,000, where strong buying interest might emerge. If Bitcoin fails to stabilize there, the market could see deeper losses into the mid-$80K range, especially if macroeconomic sentiment or ETF outflows worsen.
The broader narrative remains bearish until Bitcoin forms a confirmed reversal pattern. For now, traders are watching how long BTC can defend the $100K level before capitulation drives it to new cycle lows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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