Bitcoin has fallen below the 90,000 defense line. Where is the market headed?

CN
2 hours ago

Written by: 1912212.eth, Foresight News

The pessimism and panic in the crypto market continue to spread. On November 18, BTC fell below the $90,000 mark, hitting a new low since May of this year. ETH also dropped below the $3,000 mark, with many altcoins experiencing declines. In the past 24 hours, coinglass data showed that the total liquidation across the network was $947 million, with long positions liquidated amounting to $662 million.

The Q4 market that crypto investors were eagerly anticipating from October to November has now vanished, replaced by questions about how long the bear market will last and when it will be possible to buy at the bottom. Some traders and industry experts have shared their views from their perspectives.

Trader Million Eric: The next monthly opportunity is in June 2026

Trader Million Eric tweeted that market noise will change, narratives will shift, but time structures are often more honest than emotions. Last year's post was not essentially a prediction; it merely documented the overbought cycles of Bitcoin's previous two monthly charts, and this year it has again fallen within the same range. Since the top can repeat, the intervals for the bottom also continue to hold, the next monthly opportunity window will likely fall around June 2026.

Placeholder VC Partner: Plans to enter around $75,000 or lower

As early as October 17, Placeholder partner Chris Burniske tweeted, "I am increasingly convinced that the crash on October 11 led to a temporary collapse in the crypto market. After such a severe drop, it is difficult to quickly form sustained buying pressure. People can easily get caught up in the details of the charts, but when you look at BTC and ETH in monthly chart form, it indicates that we are still in a high range (despite some cracks). If you want to take profits, MSTR is declining, and both the gold and credit markets are sending warnings, while the stock market will be the last to receive this information. We may see a slight rebound again at any time, but I have already taken corresponding actions. I want to see Bitcoin's reaction to the $100,000 level, but when I see Bitcoin drop to $75,000 or lower, I may become interested in the market again. This bull market is different from the past, and the next bear market will also be different."

Economist Hong Hao: BTC may only find meaningful support after dropping to the $70,000 range

Bloomberg Businessweek's annual person of the year and two-time most influential economist in China, Hong Hao, posted on Xiaohongshu stating that Bitcoin has dropped to $92,000 and may only find meaningful support after falling to the $70,000 range.

Trader Eugene: Increased long positions in ETH and SOL

Trader Eugene Ng Ah Sio posted on his personal channel stating, "I have increased my long positions in ETH and SOL. The swing indicators have clearly returned to the oversold range, and I believe it is time to start increasing my risk exposure in this market."

Arthur Hayes: Bitcoin may drop to $80,000 to $85,000

BitMEX co-founder Arthur Hayes stated in his latest blog post "Snow Forecast" that "Bitcoin has dropped from around $125,000 to near $90,000, while the S&P 500 and Nasdaq 100 indices are still hovering at historical highs, which leads me to believe that a credit event may be brewing. This view is confirmed when I observe the decline in the dollar liquidity index since July. If this judgment is correct, the stock market may see a 10%-20% correction, while the 10-year U.S. Treasury yield approaches 5%, which will force the Federal Reserve, the Treasury, or other U.S. government agencies to urgently implement some form of money printing scheme. During this period of weakness, Bitcoin may drop to $80,000 to $85,000. If the broader risk market collapses and the Federal Reserve and Treasury accelerate money printing actions, Bitcoin could surge to $200,000 to $250,000 by the end of the year."

DeFiance Capital Founder: Bitcoin will soon see a rebound

DeFiance Capital founder Arthur stated, "I believe Bitcoin will soon see a rebound, with $90,000 to $92,000 being the most important support level for Bitcoin in this price range."

Trader Paulwei: BTC market may recover after Q1 2026

Trader Paulwei tweeted, "Trump must pull out the big moves for the assessment, right? You have a four-year term, and the midterm performance assessment is only at the end of 2026. The good and bad cards in your hand are limited, and now until early next year is the most central time in these two years, the best time to quickly play out the bad cards, chicken cards, and time-dragging cards, and then use the good cards closer to the exam. For example, after Q1 2026? Because the crowd, even those assessing you, only focus on short-term memory. Just like in many companies, the year-end assessment is said to be an evaluation of an employee's entire year, but in fact, the weight of Q3 and Q4 considerations will inevitably be greater than that of Q1 and Q2."

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink