Published date: December 2, 2025 22:37
Bitcoin (BTC) price is falling after retesting the 21-day SMA barrier at $93,000.
Long-term prediction for BTC price: bearish
If this barrier were crossed, the largest cryptocurrency would have returned to the psychological level of $100,000. Following the recent rejection, BTC price plummeted to all-time lows.
As previously reported by Coinidol.com, on November 21, Bitcoin fell to a low of $80,000, but buyers bought into the push. Bitcoin fell again as it approached the $80,000 support as buyers failed to keep the price above the moving averages.
On the downside, if the $80,000 support holds, Bitcoin will be limited to a move above the current support and below the moving averages. However, if the current support is broken, BTC price will fall to $73,000. Current BTC price is $85,090.
Bitcoin price indicator analysis
The 21-day and 50-day SMAs are downward sloping, indicating economic weakness. The price bar is below the moving average and bounced by the 21-day SMA barrier. The long candlestick tail points to the $80,000 support level, indicating strong buying pressure at this level. The moving average on the 4-hour chart has leveled off after the downtrend ended above the $80,000 support level.
What will be the next move for BTC?
Bitcoin has been sideways since its downtrend stopped above the $80,000 support level. BTC is above the $80,000 support but below the $94,000 high.
Currently, Bitcoin price is rising after hitting a low of $84,000. The Doji candlestick appeared as Bitcoin continued to fluctuate, waiting for the trend to break.
Disclaimer. This analysis and forecast is the author’s personal opinion. The data provided was collected by the creator and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrencies and should not be considered an endorsement by Coinidol.com. Readers should do their research before investing in a fund.
