BTC Price Forecast: Bitcoin Prepares to Resume Uptrend as Selloff Stalls Above $90K
Bitcoin extended its retreat last week, slipping under $95,000 as risk assets sold off across global markets despite no new fundamental cata
Quick overview
- Bitcoin fell below $95,000 last week as investors moved away from risk assets amid a broader market sell-off.
- Despite the decline, Bitcoin's long-term technical structure shows supportive features, with key support levels at $87,000 and $74,000.
- Institutional interest remains strong, with significant inflows into U.S. spot Bitcoin ETFs and notable investments from entities like Harvard University.
- Macroeconomic conditions are improving for Bitcoin, aided by recent Federal Reserve rate cuts and growing international interest in adopting Bitcoin as a reserve asset.
Live BTC/USD Chart
Bitcoin extended its retreat last week, slipping under $95,000 as risk assets sold off across global markets despite no new fundamental catalyst.
Bitcoin Retreats as Sentiment Softens
Bitcoin endured another turbulent week, sliding below the $95K mark as investors shifted away from risk assets. After reaching an all-time high near $126,000 in October, the cryptocurrency has steadily cooled, with Friday’s broad market weakness accelerating the move.
Technical Structure Remains Constructive
Despite the pullback, Bitcoin’s long-term chart retains several supportive features. BTC slipped beneath the 50-week Simple Moving Average, a zone that has historically underpinned major bullish cycles. The next significant technical cushion sits at the 100-week SMA around $87K. Below that, the April low near $74K marks a major demand area.
BTC/USD Chart Weekly – The 50 SMA Has Been Broken But There’s Support
Over the weekend, downside momentum eased, hinting at a potential near-term reversal. Exchange balances continue to shrink, with more than 45,000 BTC moved into cold storage since early October — an important signal of tightening supply. Momentum indicators such as the stochastic oscillator are turning upward, allowing traders to look ahead to possible retests of $120K–$130K if the $126K resistance is reclaimed.
Institutional Participation Still Driving the Market
Strong institutional interest remains a defining theme for Bitcoin’s current cycle. U.S. spot Bitcoin ETFs logged roughly $2.7 billion in early-November inflows, dominated by BlackRock’s IBIT and Fidelity’s FBTC. IBIT alone now manages nearly 800,000 BTC, approaching $100 billion in assets and reinforcing its reputation as the fastest-growing ETF in U.S. history.
Harvard University added to the bullish narrative by tripling its IBIT holdings, now owning 6.81 million shares — a position valued at over $440 million before the latest price dip. IBIT is now the university’s largest disclosed U.S. asset, overtaking Microsoft, Amazon, and gold.
JPMorgan analysts continue to highlight Bitcoin’s resilience, arguing that a $94K production cost suggests limited downside from current levels. Their updated long-term model places Bitcoin’s 2026 potential near $170,000, based on its declining volatility relative to gold and a projected pathway toward competing with gold’s massive market capitalization.
Policy Support and Broader Adoption Trends
Macroeconomic conditions are gradually aligning in Bitcoin’s favor. The Federal Reserve’s recent 25 bps rate cut has rekindled appetite for risk assets and improved the medium-term policy outlook. President Trump’s pardon of Binance founder Changpeng Zhao has been interpreted as a shift toward more constructive crypto regulation in the U.S.
International interest continues to grow as well. Thailand, Malaysia, and other emerging markets are evaluating the feasibility of adding Bitcoin to national reserves, a development that could accelerate mainstream adoption across the financial system.
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