Bitcoin Price Falls Below $100,000 Amid Bearish Market Pressure

The Bitcoin price has experienced a significant decline in the final quarter of 2025, recently dropping below $100,000 on November 13. This decline has sparked debates about whether it's due to market volatility or a bear season onset.

Key Factors Behind Bitcoin's Price Decline

The Federal Reserve's shift away from a December rate cut contributed to Bitcoin falling below the $100,000 level.
Spot exchange-traded funds (ETFs) have seen approximately $1.1 billion in outflows, indicating decreased institutional demand and negative market sentiment.
Excessive leverage in the market led to over $600 million in forced long closures after major supports broke.

Potential Future Trajectory

XWIN Research suggests the $92,000 - $94,000 region as the next critical support level. A breach could lead Bitcoin to fall to around $85,000.
A breakdown at $92,000 might prolong the price correction until early or mid-2026.
On-chain data indicates optimism, as the cost basis for 6-to-12-month holders is around $94,000, which serves as strong support.
Improvement in macroeconomic conditions, such as rate cuts, could drive recovery by drawing capital back into risk assets.

Currently, Bitcoin is priced at about $94,930, marking a nearly 4% decline in the past 24 hours.