Summary
Bitcoin’s downward trend continues as its value falls to $86,000 amid a significant sell-off in the US stock market and decreasing expectations for a hefty interest rate cut from the Federal Reserve during the upcoming FOMC meeting.
Key Highlights:
- BTC’s price may consolidate as market conditions appear oversold, potentially retesting the $98,000 to $100,000 range.
- An analyst predicts that the breakdown of a rising wedge pattern could lead to a price decline towards $30,000.
Bitcoin (BTC) witnessed a fluctuation following Nvidia Corp’s optimistic revenue forecast, which initially alleviated fears surrounding an AI bubble; however, this was short-lived as the Dow Jones reversed its gains, leading to a market pullback.
“WHY are markets crashing? Our logical explanation:
There is quite literally only ONE headline that can even be partially blamed for such a sudden market crash.
At 11:20 AM ET, the US Labor Department said the November and October employment ‘situation’ will be released on… pic.twitter.com/zubNQstd5l” — The Kobeissi Letter (@KobeissiLetter) November 20, 2025
Bitcoin’s price hit a new low of $86,400, indicating potential further declines in the near future.
Technical Analysis
Bitcoin’s recent retracement mirrors a bullish reversal structure observed in Q1 2025, according to analyst Cas Abbé. Initially, BTC lost its upward momentum and fell below crucial support levels before bottoming out in a consolidation phase.
BTC/USDT four-hour price chart. Source: TradingView
Analyst Insights
Abbé believes that BTC is likely to stabilize between $85,000 and $100,000 for a few weeks, with other analysts such as BitBull supporting this view due to the favorable technical setup despite being oversold.
In contrast, AlejandroBTC notes a bearish trend, indicating that Bitcoin has broken below a rising wedge, which traditionally forecasts downward price movements, with targets near the $30,000 mark.
BTC/USDT weekly chart. Source: TradingView
It’s important to remember that this article does not offer investment advice—trading involves inherent risks, and readers are encouraged to do their own research before making decisions.
