Bitcoin News: BTC Dips Below $94K; Saylor Teases 'Big Week'; Analyst Eyes $83.5K
Bitcoin slipped to its lowest level since May on Sunday before paring some losses, as sentiment across the crypto market stayed locked in extreme fear. The Crypto Fear & Greed Index stood at 10, in its extreme fear band, after already sitting at the same level on Saturday.
Bitcoin BTC$94,285.38 was trading around $95,087 at 6:20 p.m. UTC, down 1% over the past 24 hours after briefly dipping below $94,000 earlier in the day, its lowest point since May 6 based on TradingView data.
Across the majors, ether ETH$3,094.76 declined 3.23% to $3,113, XRP fell 2.1% to $2.21, BNB slipped 1.6% to $926.21 and solana SOL$136.98 dropped 3.6% to $137.79.
Analysts see room for deeper declines
Crypto analyst Ali Martinez said on X that bitcoin had broken out of a channel, arguing that the move could open the door to a potential slide toward $83,500.
Analyst Benjamin Cowen noted bitcoin registered a death cross, adding that prior examples often marked local lows. He said bitcoin would need to bounce within the next week for the cycle to stay intact and warned that a failure to do so could lead to another drop before any larger rally back to the 200-day moving average. Cowen urged traders to “trade the market you have, not the market you want.”
Retail panic signals a potential reversal
Market intelligence platform Santiment said bitcoin discussion rates spiked to a four-month high during Friday’s slip below $95,000, pointing to elevated retail fear. The firm said such surges in social dominance can increase the probability of market reversals, although it stressed the pattern is not a guarantee.
Michael Saylor hints at a large bitcoin purchase
Strategy (MSTR) Executive Chairman Michael Saylor signaled the company will announce its latest bitcoin acquisition on Monday, posting the phrase “Big Week” on X, while attaching a screenshot from StategyTracker, the leading real-time bitcoin treasury analytics platform.
Gold widens its lead over digital assets
Market strategist Charlie Bilello pointed out that gold is up 55% this year, calling it 2025’s best-performing major asset, while calling bitcoin — up roughly 1% — the worst-performing major asset. He described the divergence as the inverse of 2013 and noted such a dynamic has not appeared in any prior calendar year.
White House plan faces legislative hurdle
U.S. Treasury Secretary Scott Bessent said on Sunday President Donald Trump’s Nov. 10 proposal to send $2,000 tariff-funded “dividend” payments to U.S. citizens would require congressional approval.
According to a report by Bloomberg, in an interview aired Sunday on Fox News’ "Sunday Morning Futures w/ Maria Bartiromo," Bessent said “we need legislation for that,” indicating the administration cannot move forward without new law from Congress. Bessent also mentioned that he expects households to feel more economic relief early next year, citing tax cuts in Trump’s policy package and predicting a slowdown in inflation and stronger real-income growth in the first half of 2026.
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