Highlights: Bitcoin is trending lower after losing the $100k mark Selloff driven by uncertainty around the Federal Reserve’s next move Losing $95k could trigger a drop to $90k short term Bitcoin (BTC) is in the red today, a continuation of the selloff that started after it breached the $100k support level. At the time of going to press, Bitcoin was trading at $96,926.88, a drop of 5.88% in the day. As the price drops, Bitcoin trading volumes have spiked in the day. They are up by 53.55% to stand at $115.1 billion. This surge in trading volumes at a time when the price is dropping points to panic selling. Such could be due to an expectation of more selloffs in the short to medium term. There are a couple of factors that support a continuation of the selloff that has started for Bitcoin at the moment. Bitcoin Weighed Down By Fed Fears As Post-Shutdown Data Streams In  One of them is the growing uncertainty as to what the Federal Reserve could do next. The US government was shut down, which lasted 40 days, and this meant that a lot of data was not available to the Fed. Now that this data is flooding in, it could change the metrics on what the Fed could do. Before the shutdown, there was a growing consensus that the Federal Reserve could cut rates again in December. However, with the shutdown and the potential damage that the shutdown has done to the economy, the Fed decision could go any way. Leavitt: The Democrats may have permanently damaged the federal statistical system with October C.P.I. And jobs reports likely never being released and all of that economic data released will be permanently impaired pic.twitter.com/ApybmBIIAX — Acyn (@Acyn) November 12, 2025 This uncertainty is pushing away from risk-on assets. Stock indices such as the Nasdaq have been going down for the better part of the week. Similarly, the cryptocurrency market, which carries a higher level of risk than stocks, is showing a substantial correction. As such, now that Bitcoin has already dropped through a significant support level, the odds are high that it could be headed much lower. In the event that the Fed reverts to a hawkish stance due to the nature of data coming in, BTC could drop to prices below $90k. Capital Increasingly Flowing Out of Bitcoin ETFs Bitcoin is also being affected by the fact that funds are exiting from Bitcoin ETFs. Latest data points to an exit of $900 million from Bitcoin ETFs. This is likely to push Bitcoin lower for two reasons. First, the exit of large amounts of capital from ETFs adds pressure to already weak prices. Second, the rising outflows could add to market panic that the price is likely headed lower. This could add to the price pressure and push Bitcoin to $90k or lower. For those who woke up to $BTC below $100K: We're now in a zone of heavy ETF outflows. -$866.70M today already. • BlackRock's IBIT alone saw -$257M outflow (first major outflow since launch)• Grayscale's BTC Mini Trust bled -$318M The "smart money" is de-risking hard. In… pic.twitter.com/68Hiq5awc6 — Stacy Muur (@stacy_muur) November 14, 2025 Analysts Increasingly Bearish On Bitcoin Short Term Analysts are also driving market sentiment by pointing out that the next key support for Bitcoin is at $95k. There is a growing consensus that if this support is broken, BTC could drop to prices as low as $90k. Now that Bitcoin is trading close to this level, there is fear that a drop through it is possible. As such, capital is likely to stay on the sidelines and further add to the risk of a correction to new lows in the short term. However, Bitcoin could rebound if long-term holders ignore the ongoing adverse price action. A move by organizations like Strategy could trigger a rebound in the short term. $BTC has officially lost the $98K support, the same level that had been holding the structure for days. I’ll be cautious here, unless bulls reclaim $100K–$102K quickly, the path of least resistance points towards the $92K–$91K support region, where stronger reactions could… pic.twitter.com/JR8PBR5VBa — Shango – 𝕏's Crypto (@ShangoTrades) November 14, 2025 Technical Analysis – Bitcoin Trending In A Bearish Channel Bitcoin is currently trending in a bearish channel after losing the $100k price level. It is presently making lower highs, an indicator that every slight rebound is being sold off. This means the average trader expects Bitcoin to go even lower. Source: TradingView If the current trend continues, Bitcoin could drop to prices below $95k in the short term. On the other hand, if there is a rebound, Bitcoin could rally to around $104,845 in the short term. Of these two scenarios, a continuation of the selloff is more likely. This is due to an increasingly risk-off macro environment. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: Bitcoin is trending lower after losing the $100k mark Selloff driven by uncertainty around the Federal Reserve’s next move Losing $95k could trigger a drop to $90k short term Bitcoin (BTC) is in the red today, a continuation of the selloff that started after it breached the $100k support level. At the time of going to press, Bitcoin was trading at $96,926.88, a drop of 5.88% in the day. As the price drops, Bitcoin trading volumes have spiked in the day. They are up by 53.55% to stand at $115.1 billion. This surge in trading volumes at a time when the price is dropping points to panic selling. Such could be due to an expectation of more selloffs in the short to medium term. There are a couple of factors that support a continuation of the selloff that has started for Bitcoin at the moment. Bitcoin Weighed Down By Fed Fears As Post-Shutdown Data Streams In  One of them is the growing uncertainty as to what the Federal Reserve could do next. The US government was shut down, which lasted 40 days, and this meant that a lot of data was not available to the Fed. Now that this data is flooding in, it could change the metrics on what the Fed could do. Before the shutdown, there was a growing consensus that the Federal Reserve could cut rates again in December. However, with the shutdown and the potential damage that the shutdown has done to the economy, the Fed decision could go any way. Leavitt: The Democrats may have permanently damaged the federal statistical system with October C.P.I. And jobs reports likely never being released and all of that economic data released will be permanently impaired pic.twitter.com/ApybmBIIAX — Acyn (@Acyn) November 12, 2025 This uncertainty is pushing away from risk-on assets. Stock indices such as the Nasdaq have been going down for the better part of the week. Similarly, the cryptocurrency market, which carries a higher level of risk than stocks, is showing a substantial correction. As such, now that Bitcoin has already dropped through a significant support level, the odds are high that it could be headed much lower. In the event that the Fed reverts to a hawkish stance due to the nature of data coming in, BTC could drop to prices below $90k. Capital Increasingly Flowing Out of Bitcoin ETFs Bitcoin is also being affected by the fact that funds are exiting from Bitcoin ETFs. Latest data points to an exit of $900 million from Bitcoin ETFs. This is likely to push Bitcoin lower for two reasons. First, the exit of large amounts of capital from ETFs adds pressure to already weak prices. Second, the rising outflows could add to market panic that the price is likely headed lower. This could add to the price pressure and push Bitcoin to $90k or lower. For those who woke up to $BTC below $100K: We're now in a zone of heavy ETF outflows. -$866.70M today already. • BlackRock's IBIT alone saw -$257M outflow (first major outflow since launch)• Grayscale's BTC Mini Trust bled -$318M The "smart money" is de-risking hard. In… pic.twitter.com/68Hiq5awc6 — Stacy Muur (@stacy_muur) November 14, 2025 Analysts Increasingly Bearish On Bitcoin Short Term Analysts are also driving market sentiment by pointing out that the next key support for Bitcoin is at $95k. There is a growing consensus that if this support is broken, BTC could drop to prices as low as $90k. Now that Bitcoin is trading close to this level, there is fear that a drop through it is possible. As such, capital is likely to stay on the sidelines and further add to the risk of a correction to new lows in the short term. However, Bitcoin could rebound if long-term holders ignore the ongoing adverse price action. A move by organizations like Strategy could trigger a rebound in the short term. $BTC has officially lost the $98K support, the same level that had been holding the structure for days. I’ll be cautious here, unless bulls reclaim $100K–$102K quickly, the path of least resistance points towards the $92K–$91K support region, where stronger reactions could… pic.twitter.com/JR8PBR5VBa — Shango – 𝕏's Crypto (@ShangoTrades) November 14, 2025 Technical Analysis – Bitcoin Trending In A Bearish Channel Bitcoin is currently trending in a bearish channel after losing the $100k price level. It is presently making lower highs, an indicator that every slight rebound is being sold off. This means the average trader expects Bitcoin to go even lower. Source: TradingView If the current trend continues, Bitcoin could drop to prices below $95k in the short term. On the other hand, if there is a rebound, Bitcoin could rally to around $104,845 in the short term. Of these two scenarios, a continuation of the selloff is more likely. This is due to an increasingly risk-off macro environment. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.