Bitcoin has broken below a multi-month rising channel support level, prompting analysts to warn of potential declines toward $83,500. The cryptocurrency trades near $95,000 after failing to reclaim $100,500. The Fear & Greed Index has dropped to 10, matching levels last seen during the 2022 Terra LUNA collapse.

Bitcoin declined to $94,000 on November 16, testing this support level for the second time since November 14. More than 10,000 BTC, valued at approximately $1 billion, transferred to crypto exchanges within 72 hours, according to analyst Ali. Such movements typically indicate potential selling pressure, as holders generally store Bitcoin off exchanges unless planning immediate sales.

Fundstrat's Tom Lee characterized Bitcoin's recent decline as temporary market maker distress following the October 10 flash crash. He projected potential recovery 6-8 weeks after the deleveraging event, suggesting stabilization after November 27 or in early December. Spot Bitcoin ETFs recorded monthly outflows of $2.3 billion, the second-largest since launch.

Bitcoin faces downward pressure as market participants reduce expectations for a December Federal Reserve rate cut, with odds dropping approximately 44 percentage points since early October. The upcoming week brings critical macro events including delayed U.S. economic data releases, FOMC meeting minutes scheduled for November 19, and the Fed's balance sheet update on Thursday.

Bitcoin has formed a death cross on its daily chart, with the 50-day moving average crossing below the 200-day line near $96,000. Trader Cameron Fous projects a bear market bottom between $37,000 and $57,000 around December 2026. Nearly 10,000 BTC—worth approximately $1 billion—have moved to exchanges in 72 hours, data show.

Quantum computers may eventually forge Bitcoin digital signatures, enabling unauthorized transactions. Researchers warn that advances by Google and IBM are narrowing the gap toward systems capable of breaking elliptic-curve cryptography. Early Bitcoin wallets with exposed public keys face the highest long-term risk, while developers explore post-quantum signature schemes and migration strategies.

Short-term holder supply held at a loss climbed to 4.9 million BTC, reaching an eight-month high last seen in April. Over 48 hours, short-term holders disposed of 148,000 BTC acquired below $100,000 as Bitcoin traded near $96,041. Addresses holding 100–1,000 BTC recorded a negative 30-day balance change of 53,700 coins on November 16.

The Scaramucci family has invested more than $100 million in American Bitcoin, a Bitcoin mining and treasury company cofounded by Eric Trump and supported by Donald Trump Jr. The investment was made through Solari Capital, an investment firm founded by AJ Scaramucci, which led a $220 million funding round completed in July. The move demonstrates how Bitcoin is creating common ground between former political adversaries, as Anthony Scaramucci previously served as White House communications director and later became a vocal Trump critic.