According to @glassnode, Bitcoin extended its decline, breaking below the prior $90K support region and trading down toward $80K before staging a modest rebound. According to @glassnode, the $90K breakdown and move toward the $80K area defined the key levels driving BTC price action in Week 48.

According to @DecryptMedia, Bitcoin (BTC) fell below $90,000 to a seven-month low, signaling a break of a key psychological level for crypto markets. Source: Decrypt article linked in the post. A loss of the $90,000 handle often aligns with elevated forced liquidations and risk-off positioning across BTC perpetuals; traders should monitor funding rates, open interest, and basis into the daily close for confirmation of stress. Source: Binance Futures and CME Group public metrics. For short-term direction, watch a daily reclaim of $90,000 for signs of stabilization; sustained trade below $90,000 increases the probability of momentum-driven tests toward recent lows, which can pressure altcoins via correlation. Source: TradingView aggregated BTCUSD spot charts on major exchanges and cross-asset crypto correlations on major data dashboards.

According to @caprioleio, $90K is both a technical support level and Bitcoin’s estimated production cost, creating a confluence that may favor a local bounce in BTC price action (source: @caprioleio on X, Nov 18, 2025). @caprioleio states this level should be good for a local bounce, highlighting its relevance for near-term trading focus (source: @caprioleio on X, Nov 18, 2025).