Bitcoin’s Descent: 3 Reasons It’ll Plummet to $92K Soon! 🚀💸

by

Bitcoin (BTC), that once-mighty serpent, now coils in the dust, its scales dulled by the weight of its own hubris. The flagship coin, once a beacon of digital utopia, now trembles at the thought of $100,000-a psychological tombstone it cannot escape. 🐍

Why Is Bitcoin Price Likely to Retest $92k Soon?

The Shattered Illusion of ‘Uptober’: A Tale of Crypto’s Liquidity Crisis 🕯️

After Bitcoin’s first red October in six years, it has been trapped in a mid-term falling trend, like a man drowning in a sea of his own greed. The coin has dropped 20% since its all-time high, a descent so steep it could make a rollercoaster weep. 🎢

The BTC/USD pair has retested $100k, only to plunge to $99k twice this week. As if the crypto market weren’t already a circus, it now dances to the tune of a liquidity crunch, a siren song of despair. 🎪

Wintermute, that paragon of wisdom, notes the crypto market has not seen new money but a rotation of the same old capital-like a party where everyone’s just passing around the same bottle. 🍷

The Resurgence of the Old Whales: A Harbinger of Panic 🐉

CryptoQuant reveals that old whales, led by the legendary Michael Saylor, have been stirring. Their movements? A portent of doom, as if the crypto gods are whispering, “Prepare for the end.” 🧠

JUST NOW: 26,025 BTC (~$2.5B) from 3y-5y old moved

Earlier today, the large movement came from @saylor’s @MicroStrategy.

Now I need to check if this massive transfer belongs to them too.

– Maartunn (@JA_Maartun) November 7, 2025

The return of these ancient leviathans has sparked fear, as if the market itself is holding its breath. At press time, the Fear & Greed index hovers at 21/100-extreme fear, but also extreme drama. 🎭

The Technical Quagmire: A Gap That Cannot Be Filled 🧱

Bitcoin has fallen below its 50-weekly SMA, a sign as ominous as a black cat crossing your path. It has dipped below key support levels, a dance of despair toward $92k, a gap that CME has yet to fill. 🕳️

The Glimmer of Hope: A Brief Respite Before the Abyss 🌫️

Despite the bearish gloom, BTC may rally before year’s end, thanks to JPMorgan’s Nikolaos Panigirtzoglou, who claims Bitcoin is “undervalued” compared to gold. A fleeting whisper in the storm, perhaps. 🌩️

The Fed’s QE on December 1, 2025, is touted as a savior-but let us not forget, even the mightiest tide cannot drown the inevitable. 🌊

Read More

2025-11-07 22:08